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Fair value measurement
 3 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Fair value measurement
Note 11. Fair value measurement
Assets and liabilities that are measured in the Condensed Consolidated Balance Sheets at fair value are categorized into a three-level hierarchy based on the priority of the inputs to the valuation. The categorization within the hierarchy is based on the lowest level input that is significant to the fair value measurement, being:
Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.
Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
Level 3: Unobservable inputs for the asset or liability.
The following tables present the Group’s assets and liabilities measured at fair value on a recurring basis:
Fair value measured as of September 30, 2025
(in USD thousands)Total carrying valueQuoted prices in active markets (Level 1)Significant other observable inputs
(Level 2)		Significant unobservable inputs
(Level 3)
Financial assets
2030 Prepaid Forward Contract$267,600 $- $267,600 $- 
2029 Prepaid Forward Contract413,800 - 413,800 - 
Total financial assets$681,400 $- $681,400 $- 
Derivative assets
2030 Capped Call Transactions$127,600 $- $- $127,600 
2029 Capped Call Transactions186,800 - - 186,800 
Bitcoin purchase option2,910 - 2,910 - 
Total derivative assets$317,310 $- $2,910 $314,400 
Fair value measured as of June 30, 2025
(in USD thousands)Total carrying valueQuoted prices in active markets (Level 1)Significant other observable inputs
(Level 2)		Significant unobservable inputs
(Level 3)
Financial assets
2030 Prepaid Forward Contract$83,117 $- $83,117 $- 
2029 Prepaid Forward Contract128,500 - 128,500 - 
Total financial assets$211,617 $- $211,617 $- 
Derivative assets
2030 Capped Call Transactions$46,400 $- $- $46,400 
2029 Capped Call Transactions75,700 - - 75,700 
Bitcoin purchase option5,756 - 5,756 - 
Total derivative assets$127,856 $- $5,756 $122,100 
Fair value of financial instruments not recognized at fair value
The following tables present information about the Group’s financial instruments that are not recognized at fair value on the Condensed Consolidated Balance Sheets:
Fair value measured as of September 30, 2025
(in USD thousands)Total carrying valueQuoted prices in active markets (Level 1)Significant other observable inputs
(Level 2)		Significant unobservable inputs
(Level 3)
2030 Convertible Notes
$428,502 $1,291,080 $- $- 
2029 Convertible Notes
535,707 1,973,360 - - 
Total financial liabilities at amortized cost$964,209 $3,264,440 $- $- 
Fair value measured as of June 30, 2025
(in USD thousands)Total carrying valueQuoted prices in active markets (Level 1)Significant other observable inputs
(Level 2)		Significant unobservable inputs
(Level 3)
2030 Convertible Notes
$427,837 $483,089 $- $- 
2029 Convertible Notes
534,928 712,844 - - 
Total financial liabilities at amortized cost$962,765 $1,195,933 $- $- 
There were no transfers between Level 1, 2 or 3 during the periods presented.
Refer to Note 8. Financial assets and Note 10. Derivatives for the significant fair value assumptions and activities of the financial instruments measured and recorded at fair value on a recurring basis.