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Significant Accounting Policies and Recent Accounting Pronouncements (Tables) | 9 Months Ended
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Sep. 30, 2025
Organization and Summary of Significant Accounting Policies [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value | The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of September 30, 2025 and December 31, 2024:
|  | Fair value measured at September 30, 2025 |
(in USD thousands) |  | Total carrying value at September 30, 2025 |  |  | Quoted prices in active markets (Level 1) |  |  | Significant other observable inputs (Level 2) |  |  | Significant unobservable inputs (Level 3) |
Digital assets |  | $ | 389,932 |  |  | $ | 389,932 |  |  | $ | — |  |  | $ | — |
Warrant liability |  |  | (571 | ) |  |  | — |  |  |  | — |  |  |  | (571 | )
Bitcoin redemption option |  |  | 63,723 |  |  |  | — |  |  |  | 63,723 |  |  |  | — |
|  | Fair value measured at December 31, 2024 |
(in USD thousands) |  | Total carrying value at December 31, 2024 |  |  | Quoted prices in active markets (Level 1) |  |  | Significant other observable inputs (Level 2) |  |  | Significant unobservable inputs (Level 3) |
Digital assets |  | $ | 949,501 |  |  | $ | 949,501 |  |  | $ | — |  |  | $ | — |
Covered call options |  |  | (18,437 | ) |  |  | — |  |  |  | (18,437 | ) |  |  | — |
Bitcoin redemption option |  |  | 18,076 |  |  |  | — |  |  |  | — |  |  |  | 18,076 |

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