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Cryptocurrencies (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of the adjusted cost basis of cryptocurrencies

The following tables present additional information about the adjusted cost basis of cryptocurrencies, including those allocated to the Company's treasury strategy, (in thousands):

 

 

BTC

 

 

ETH

 

 

Total

 

Beginning balance—January 1, 2024

 

$

711

 

 

$

1

 

 

$

712

 

Purchase or receipts of cryptocurrency

 

 

108,094

 

 

 

—

 

 

 

108,094

 

Cost of cryptocurrencies sold or distributed

 

 

(106,303

)

 

 

—

 

 

 

(106,303

)

Impairment of cryptocurrencies

 

 

(2,062

)

 

 

—

 

 

 

(2,062

)

Balance—March 31, 2024

 

$

440

 

 

$

1

 

 

$

441

 

Purchase or receipts of cryptocurrency

 

 

121,874

 

 

 

—

 

 

 

121,874

 

Cost of cryptocurrencies sold or distributed

 

 

(119,675

)

 

 

—

 

 

 

(119,675

)

Impairment of cryptocurrencies

 

 

(2,040

)

 

 

—

 

 

 

(2,040

)

Balance—June 30, 2024

 

$

599

 

 

$

1

 

 

$

600

 

Purchase or receipts of cryptocurrency

 

 

98,470

 

 

 

—

 

 

 

98,470

 

Cost of cryptocurrencies sold or distributed

 

 

(95,272

)

 

 

—

 

 

 

(95,272

)

Impairment of cryptocurrencies

 

 

(2,487

)

 

 

—

 

 

 

(2,487

)

Balance—September 30, 2024

 

$

1,310

 

 

$

1

 

 

$

1,311

 

 

 

BTC

 

 

ETH

 

 

LTC

 

 

Total

 

Beginning balance—January 1, 2023

 

$

523

 

 

$

9

 

 

$

8

 

 

$

540

 

Purchase or receipts of cryptocurrency

 

 

127,530

 

 

 

4

 

 

 

3

 

 

 

127,537

 

Cost of cryptocurrencies sold or distributed

 

 

(125,465

)

 

 

(12

)

 

 

(11

)

 

 

(125,488

)

Impairment of cryptocurrencies

 

 

(2,187

)

 

 

—

 

 

 

—

 

 

 

(2,187

)

Balance—March 31, 2023

 

$

401

 

 

$

1

 

 

$

—

 

 

$

402

 

Purchase or receipts of cryptocurrency

 

 

153,351

 

 

 

—

 

 

 

—

 

 

 

153,351

 

Cost of cryptocurrencies sold or distributed

 

 

(150,552

)

 

 

—

 

 

 

—

 

 

 

(150,552

)

Impairment of cryptocurrencies

 

 

(2,390

)

 

 

—

 

 

 

—

 

 

 

(2,390

)

Balance—June 30, 2023

 

$

810

 

 

$

1

 

 

$

—

 

 

$

811

 

Purchase or receipts of cryptocurrency

 

 

139,065

 

 

 

—

 

 

 

—

 

 

 

139,065

 

Cost of cryptocurrencies sold or distributed

 

 

(137,288

)

 

 

—

 

 

 

—

 

 

 

(137,288

)

Impairment of cryptocurrencies

 

 

(1,793

)

 

 

—

 

 

 

—

 

 

 

(1,793

)

Balance—September 30, 2023

 

$

794

 

 

$

1

 

 

$

—

 

 

$

795