v3.22.0.1
Equity and Other Investments (Tables)
 12 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity and Other Investments
Equity and other investments are comprised of:
December 31, 2021December 31, 2020
$$  
With readily determinable fair values3,206,288 — 
Without readily determinable fair values543,379 173,454 
Debt securities under the fair value option205,878 — 
Total equity and other investments3,955,545 173,454 
Adjustments related to equity and other investments with readily determinable fair values in the year ended December 31, 2021 were as follows:
Year ended
December 31, 2021
$
Balance, beginning of the year— 
Adjustments related to equity and other investments with readily determinable fair values:
Transfers from measurement alternative (1)(2)
350,530 
Purchases of equity and other investments40 
Net unrealized gains2,855,718 
Balance, end of the year3,206,288 
(1) Effective January 13, 2021, the Company's investment in Affirm no longer qualified for the use of the measurement alternative as the fair value of the investment became readily determinable.
(2) Effective May 12, 2021, the Company's investment in Global-E no longer qualified for the use of the measurement alternative as the fair value of the investment became readily determinable.
Adjustments related to equity and other investments without readily determinable fair values for the years ended December 31, 2021 and 2020 were as follows:
Years ended
December 31, 2021December 31, 2020
$$
Balance, beginning of the year173,454 2,500 
Adjustments related to equity and other investments without readily determinable fair values:
Investments received as non-cash consideration in exchange for services268,058 24,710 
Purchases of equity and other investments450,193 11,051 
Transfers to readily determinable fair values (1)(2)
(350,530)— 
Gross unrealized gains36,926 135,193 
Gross unrealized losses and impairments(34,722)— 
Balance, end of the year543,379 173,454 
(1) Effective January 13, 2021, the Company's investment in Affirm no longer qualified for the use of the measurement alternative as the fair value of the investment became readily determinable.
(2) Effective May 12, 2021, the Company's investment in Global-E no longer qualified for the use of the measurement alternative as the fair value of the investment became readily determinable.