Note 7 - Marketable Securities

9 Months Ended

Sep. 30, 2022

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, 2022 and December 31, 2021, are as follows (in thousands):

	As of September 30, 2022		As of December 31, 2021
Marketable securities:
Amortized cost	$	116,741	$	114,159
Unrealized gains, net		882,353		1,097,580
Total fair value	$	999,094	$	1,211,739

During the three months ended September 30, 2022 and 2021, the Company recognized net unrealized losses on marketable securities of $75.5 million and net unrealized gains on marketable securities of $457.1 million, respectively. During the nine months ended September 30, 2022 and 2021, the Company recognized net unrealized losses on marketable securities of $215.2 million and net unrealized gains on marketable securities of $542.5 million, respectively. These net unrealized gains and losses are included in (Loss)/gain on marketable securities, net on the Company’s Condensed Consolidated Statements of Income. See Footnote 22 of the Company's Condensed Consolidated Financial Statements for additional information regarding subsequent events.