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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 83,469 $ 78,973
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on revaluation/termination of deferred consideration—gold payments (61,953) (63,188)
Advisory and license fees paid in gold, other precious metals and cryptocurrency (37,632) (44,886)
Stock-based compensation 12,422 7,822
Loss on extinguishment of convertible notes 9,721
Impairments 7,603
Contractual gold payments 6,069 13,001
Amortization of issuance costs—convertible notes 1,443 1,941
Deferred income taxes 1,282 2,233
Losses on investments 1,245
Losses on financial instruments owned, at fair value 1,006 15,633
Amortization of right of use asset 963 648
Depreciation and amortization 537 158
Other (223)
Changes in operating assets and liabilities:    
Accounts receivable (7,346) 4,076
Prepaid expenses (1,826) (2,356)
Gold and other precious metals 30,629 33,598
Other assets 356 (503)
Intangibles—software development (1,569) (1,958)
Fund management and administration payable 3,577 1,369
Compensation and benefits payable (8,786) (4,990)
Income taxes payable 2,802 (1,822)
Operating lease liabilities (955) (644)
Accounts payable and other liabilities 5,293 4,231
Net cash provided by operating activities 48,350 43,113
Cash flows from investing activities:    
Purchase of financial instruments owned, at fair value (56,837) (41,240)
Purchase of investments (10,000) (11,863)
Acquisition of Securrency Transfers, Inc. (net of cash acquired) (985)
Purchase of fixed assets (93) (211)
Proceeds from the sale of financial instruments owned, at fair value 102,276 27,650
Receipt of contingent consideration – Sale of Canadian ETF business 1,477
Proceeds from held-to-maturity securities maturing or called prior to maturity 22 38
Net cash provided by/(used in) investing activities 35,860 (25,626)
Cash flows from financing activities:    
Repurchase and maturity of convertible notes (Note 10) (184,272)
Termination of deferred consideration—gold payments (50,005)
Dividends paid (14,897) (14,521)
Shares repurchased (3,570) (3,418)
Issuance costs—Convertible notes (3,548)
Issuance costs—Series C Preferred Stock (97)
Proceeds from the issuance of convertible notes (Note 10) 130,000
Net cash used in financing activities (126,389) (17,939)
Decrease in cash flow due to changes in foreign exchange rate (441) (7,557)
Net decrease in cash and cash equivalents (42,620) (8,009)
Cash and cash equivalents—beginning of year 132,101 140,709
Cash and cash equivalents—end of period 89,481 132,700
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 8,069 8,769
Cash paid for interest $ 8,272 $ 6,156