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EQUITY SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Equity Securities
Equity securities consist of the following (in thousands):
March 31,
2023		December 31, 2022
Equity securities accounted for under the equity method under ASC 323$206,313 $213,494 
Equity securities accounted for under the equity method under the fair value option82,787 82,787 
Equity securities under ASC 32124 36 
Total equity securities$289,124 $296,317 
Equity Securities Ownership Interest The following table includes our equity securities accounted for under the equity method and related ownership interest as of March 31, 2023:
Ownership
interest
Medici Ventures, L.P.99%
tZERO Group, Inc.29%
SpeedRoute, LLC49%
Equity Method Investments
The following table summarizes the net loss recognized on equity method securities recorded in Other expense, net in our consolidated statements of operations (in thousands):

Three months ended
March 31,
20232022
Net loss recognized on our proportionate share of the net assets of our equity method securities$(7,181)$(1,464)
Increase in fair value of equity method securities held under fair value option— 1,165 
Equity Method Investments, Summarized Financial Information The following is the unaudited summarized financial information for those equity method securities that met the significance criteria for the period ended March 31, 2022 (in thousands):
Three months ended
March 31, 2022
Results of Operations
Revenues$740 
Pre-tax loss(5,380)
Net loss(4,380)