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BITCOIN (Tables)
 6 Months Ended
Jun. 30, 2024
Other Liabilities Disclosure [Abstract]  
Summary of Changes in Bitcoin Investment
The following table summarizes the changes in the Company’s bitcoin investment in the period (in thousands, except amount of bitcoin):
Amount of bitcoin
Value
Balance at December 31, 20238,038 $339,898 
Remeasurement gain— 233,404 
Balance at March 31, 20248,038 $573,302 
Additions173 11,398 
Remeasurement loss— (70,116)
Balance at June 30, 20248,211 $514,584 

Amount of bitcoin
Value
Balance at December 31, 20228,038 $102,303 
Cumulative effect of adoption of ASU 2023-08— 30,511 
Remeasurement gain— 96,088 
Balance at March 31, 20238,038 $228,902 
Remeasurement gain— 16,014 
Balance at June 30, 20238,038 $244,916 
Bitcoin Held on Behalf of Others
The following table summarizes the Company’s bitcoin held for other parties (in thousands, except number of bitcoin):
  June 30, 2024December 31, 2023
Total approximate number of bitcoin held for other parties22,982 24,570 
Safeguarding obligation liability related to bitcoin held for other parties$1,440,307 $1,038,585 
Safeguarding asset related to bitcoin held for other parties$1,440,307 $1,038,585