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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Measurements [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

The tables below summarize the categorization of the Company’s assets and liabilities measured at fair value. During the years ended December 31, 2023 and 2022, there were no transfers between Levels 2 and 3.

		December 31, 2023
		Total			Level 1			Level 2			Level 3
Assets:
Recurring fair value measurements:
Cash equivalents		$	50,226		$	50,226		$	—		$	—
Financial instruments owned, at fair value:
ETFs			35,181			35,181			—			—
Pass-through GSEs			10,240			—			10,240			—
Other assets—seed capital (WisdomTree Digital Funds):
U.S. treasuries			5,007			—			5,007			—
Equities			6,337			6,337			—			—
Fixed income			1,957			1,008			949			—
Total		$	108,948		$	92,752		$	16,196		$	—
Non-recurring fair value measurements:
Fnality International Limited—Series B-1 Preference Shares(1)			9,684			—			—			9,684
Other investments(2)			—			—			—			—
Total		$	9,684		$	—		$	—		$	9,684

​(1)     Fair value determined on October 31, 2023

(2)     Fair value determined on September 30, 2023

		December 31, 2022
		Total			Level 1			Level 2			Level 3
Assets:
Recurring fair value measurements:
Cash equivalents		$	930		$	930		$	—		$	—
Financial instruments owned, at fair value:
ETFs			23,772			23,772			—			—
U.S. treasuries			2,980			2,980			—			—
Pass-through GSEs			96,837			23,290			73,547			—
Fixed income			885			—			885			—
Other assets—seed capital (WisdomTree Digital Funds):			1,765			—			1,765			—
Investments in Convertible Notes
Securrency, Inc.—convertible note (Note 7)			14,500			—			—			14,500
Fnality International Limited—convertible note (Note 7)			6,921			—			—			6,921
Total		$	148,590		$	50,972		$	76,197		$	21,421
Non-recurring fair value measurements:
Other investments(1)		$	312		$	—		$	—		$	312
Liabilities:
Recurring fair value measurements:
Deferred consideration (Note 9)		$	200,290		$	—		$	—		$	200,290

​(1)     Fair value determined on May 10, 2022

Schedule of Beginning and Ending Balances of Recurring Fair Value Measurements Classified

These instruments consist of the following:

		Years Ended
		December 31, 2023			December 31, 2022
Investments in Convertible Notes (Note 7):
Beginning balance		$	21,421		$	—
Purchases			11,228			21,863
Settlements			(28,818)			—
Conversions(1)			(9,684)			—
Net realized gains/(losses)(2)			5,853			(442)
Ending balance		$	—		$	21,421
Deferred Consideration (Note 7):
Beginning balance		$	200,290		$	228,062
Net realized losses(3)			6,069			17,108
Net unrealized gains(4)			(61,953)			(27,765)
Settlements			(144,406)			(17,115)
Ending balance		$	—		$	200,290

​(1)     The Fnality convertible notes converted into Series B-1 Preference Shares on October 31, 2023 (Note 7).

(2)     Recorded in impairments and other losses, net in the Consolidated Statements of Operations.

​(3)     Recorded as contractual gold payments expense in the Consolidated Statements of Operations.

​(4)     Recorded as gain on revaluation/termination of deferred consideration—gold payments in the Consolidated Statements of Operations. 

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2C
-SubTopic 10
-Topic 820
-Publisher FASB
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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

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