v3.25.4
Digital Assets
12 Months Ended
Dec. 31, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Digital Assets Digital Assets
During the years ended December 31, 2025 and 2024, we purchased and/or received immaterial amounts of digital assets. During the year ended December 31, 2023, we recorded an immaterial amount of impairment losses on digital assets. Refer to Note 2, Summary of Significant Accounting Policies for additional information regarding the Company’s adoption of the new crypto assets standard.
The table below summarizes the amounts shown on our consolidated balance sheets as of December 31, 2025 and 2024 (in millions except units of digital assets).
 December 31, 2025December 31, 2024
 UnitsCost BasisFair ValueUnitsCost BasisFair Value
Digital assets held:
Bitcoin11,509$386 $1,007 11,509$386 $1,074 
Other
Total$387 $1,008 $387 $1,076 
The following table provides details of the activities related to our digital assets for the years ended December 31, 2025 and 2024 (in millions):
Year Ended December 31,
20252024
Beginning balance at fair value$1,076 $487 
Unrealized (loss) gain, net(68)589
Ending balance at fair value$1,008 $1,076