XML 35 R29.htm IDEA: XBRL DOCUMENT v3.25.3
Significant Accounting Policies and Recent Accounting Pronouncements (Tables)
 9 Months Ended
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