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Digital Assets Held
 9 Months Ended
Sep. 30, 2025
Crypto Asset, Cost [Abstract]  
Digital Assets Held Digital Assets Held
The following table summarizes Digital assets held at September 30, 2025 and December 31, 2024:
(in thousands, except units)September 30, 2025December 31, 2024
UnitsCost BasisFair Value
Carrying Value
Bitcoin1,842 $210,601 $210,656 $59,925 
Ethereum8,027 33,531 33,531 11,212 
XRP22,016,849 63,065 63,065 686 
OtherNM33,283 39,488 10,973 
   Total Digital assets held$340,480 $346,740 $82,796 

As of September 30, 2025, 50.0 million PYTH tokens with a fair value of $7.5 million are subject to selling restrictions. The time-based selling restrictions will unlock annually between 2026 and 2027.