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The bitcoin market price may fluctuate significantly and a decline in the market price of bitcoin could result in a material adverse effect on our financial results in future periods.
−Removed: As of June 30, 2025, the fair value of our bitcoin investment included in other non-current assets was $931.7 million, and for the three and six months ended June 30, 2025, we recognized gains of $212.2 million and $118.8 million, respectively, from the remeasurement of our bitcoin investment.
+Added: As of September 30, 2025, the fair value of our bitcoin investment included in other non-current assets was $1.0 billion, and for the three and nine months ended September 30, 2025, we recognized gains of $59.6 million and $178.4 million, respectively, from the remeasurement of our bitcoin investment.
There have been no additional material changes in market risk from the information presented in Part II, Item 7A.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.