Note 7 - Marketable Securities

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

7. Marketable Securities

The amortized cost and unrealized gains, net of marketable securities as of September 30, 2021 and December 31, 2020, are as follows (in thousands):

	As of September 30, 2021		As of December 31, 2020
Marketable securities:
Amortized cost	$	114,194	$	114,531
Unrealized gains, net		1,134,931		592,423
Total fair value	$	1,249,125	$	706,954

During the three months ended September 30, 2021 and 2020, there were net unrealized gains on marketable securities of $457.1 million and net unrealized losses on marketable securities of $76.9 million, respectively. During the nine months ended September 30, 2021 and 2020, the net unrealized gains on marketable securities were $542.5 million and $444.6 million, respectively. These net unrealized gains are included in Gain/(loss) on marketable securities, net on the Company’s Condensed Consolidated Statements of Operations. See Footnote 14 of the Company’s Condensed Consolidated Financial Statements for fair value disclosure.