v3.24.4
Digital Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Digital Assets The table below summarizes the amounts shown on our consolidated balance sheet as of December 31, 2024 (in millions except units of digital assets).
 December 31, 2024
 UnitsCost BasisFair Value
Digital assets held:
Bitcoin11,509$386 $1,074 
Other1 2 
Total387 1,076 
Schedule of Crypto Asset, Activity
The following table provides details of the activities related to our digital assets for the year ended December 31, 2024 (in millions):
Beginning balance at fair value$487 
Unrealized gains, net589
Ending balance$1,076 
Schedule of Quarterly Financial Information
The following tables present summarized unaudited quarterly financial statement data for those impacted line items based on the Company’s adoption of the new crypto assets standard as described in Note 2, Summary of Significant Accounting Policies (in millions, except per share data):
As of:
Consolidated Balance Sheets (unaudited):March 31, 2024June 30, 2024September 30, 2024
Digital assets, net
Before adoption$184 $184 $184 
Adjustments638 538 545 
As adjusted$822 $722 $729 
Deferred tax assets
Before adoption$6,769 $6,692 $6,486 
Adjustments(141)(119)(120)
As adjusted$6,628 $6,573 $6,366 
Three Months Ended
Condensed Consolidated Statements of Operations (unaudited):March 31, 2024June 30, 2024September 30, 2024
Other income (expense), net
Before adoption$108 $20 $(270)
Adjustments335 (100)7 
As adjusted$443 $(80)$(263)
Provision for (benefit from) income taxes
Before adoption$409 $393 $601 
Adjustments74 (22)1 
As adjusted$483 $371 $602 
Net income attributable to common stockholders
Before adoption$1,129 $1,478 $2,167 
Adjustments261 (78)6 
As adjusted$1,390 $1,400 $2,173 
Net income per share of common stock attributable to common stockholders
Basic
Before adoption$0.37 $0.46 $0.68 
Adjustments0.08 (0.02)— 
As adjusted$0.45 $0.44 $0.68 
Diluted
Before adoption$0.34 $0.42 $0.62 
Adjustments0.07 (0.02)— 
As adjusted$0.41 $0.40 $0.62