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Related Party Loans and Convertible Notes - Schedule of Convertible Notes (Details)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 11, 2025
USD ($)
Mar. 01, 2024
USD ($)
crypto_unit
Nov. 30, 2023
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Oct. 31, 2023
USD ($)
Sep. 30, 2023
USD ($)
Feb. 29, 2024
USD ($)
Feb. 29, 2024
USD ($)
Oct. 31, 2023
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Dec. 27, 2023
USD ($)
Nov. 22, 2023
USD ($)
Sep. 15, 2023
USD ($)
Debt Instrument [Line Items]                                    
Amount Drawn                         $ 0 $ 24,568        
Unrealized Loss                     $ 8,178 $ 9,775 25,789 23,296        
Conversion of convertible notes to common stock in connection with IPO                         (804,297) 0        
Crypto assets held:         $ 327,866           674,963   674,963   $ 470,101      
Bitcoin                                    
Debt Instrument [Line Items]                                    
Crypto assets held:         295,320           604,746   604,746   412,115      
Convertible Notes                                    
Debt Instrument [Line Items]                                    
Aggregate Principal Amount $ 228,000                   200,000   200,000   200,000      
Fair value of Principal Outstanding         133,577             $ 237,000   $ 237,000 230,567      
Amount Drawn                         0   69,897      
Unrealized Loss                         25,789   30,663      
Change in fair value attributable to instrument-specific credit risk                         (875)   (1,906)      
Conversion of convertible notes to common stock in connection with IPO $ (285,000)                       (285,007)          
Interest Expense                         11,310   15,200      
Interest Payable                     $ 0   $ 0   $ 18,216      
Effective interest rate                     8.00%   8.00%   8.00%      
Interest payable, fair value adjustments                             $ 1,600      
Interest payable, fair value adjustments related to unrealized losses                             1,700      
Interest payable, fair value adjustments related to instrument-specific credit risk gain                             100      
Convertible Notes | September Note (USD)                                    
Debt Instrument [Line Items]                                    
Aggregate Principal Amount                                   $ 50,000
Fair value of Principal Outstanding         51,335                   57,641      
Amount Drawn           $ 21,500 $ 28,500     $ 50,000     $ 0   0      
Unrealized Loss                         6,581   7,101      
Change in fair value attributable to instrument-specific credit risk                         (223)   (243)      
Conversion of convertible notes to common stock in connection with IPO                         (72,279)          
Interest Expense                         2,827   4,000      
Interest Payable                     $ 0   0   5,450      
Convertible Notes | November Note (BTC)                                    
Debt Instrument [Line Items]                                    
Aggregate Principal Amount                                 $ 54,671  
Fair value of Principal Outstanding         56,131                   63,027      
Amount Drawn     $ 54,700                   0   0      
Unrealized Loss                         7,097   7,647      
Change in fair value attributable to instrument-specific credit risk                         (240)   (263)      
Conversion of convertible notes to common stock in connection with IPO                         (78,269)          
Interest Expense                         3,093   4,374      
Interest Payable                     0   0   5,295      
Convertible Notes | December Note (USD)                                    
Debt Instrument [Line Items]                                    
Aggregate Principal Amount                               $ 50,000    
Fair value of Principal Outstanding         26,111                   57,642      
Amount Drawn         25,400     $ 24,600 $ 50,000       0   24,568      
Unrealized Loss                         6,389   7,821      
Change in fair value attributable to instrument-specific credit risk                         (217)   (510)      
Conversion of convertible notes to common stock in connection with IPO                         (70,804)          
Interest Expense                         2,827   3,794      
Interest Payable                     0   0   4,163      
Convertible Notes | March Note (BTC)                                    
Debt Instrument [Line Items]                                    
Aggregate Principal Amount   $ 45,329                                
Fair value of Principal Outstanding         $ 0                   52,257      
Amount Drawn       $ 45,300                 0   45,329      
Unrealized Loss                         5,722   8,094      
Change in fair value attributable to instrument-specific credit risk                         (195)   (890)      
Conversion of convertible notes to common stock in connection with IPO                         (63,655)          
Interest Expense                         2,563   3,032      
Interest Payable                     $ 0   $ 0   3,308      
Convertible Notes | March Note (BTC) | Bitcoin                                    
Debt Instrument [Line Items]                                    
Crypto currency received as draw down on convertible notes (in units) | crypto_unit   734                                
Crypto assets held:                             $ 68,600