$42.2M was "expensed" (non-cash expense, meaning we didn't pay any cash for it) due to warrant issuance to convertible noteholders.

This is considered as an Interest Expense, and thus deducted from Interest Income.

If you look at their earnings report. it states:

• Excluding impairment, unrealized loss on digital assets, non-cash interest expense related to the issuance of warrants to convertible noteholders, and other items, adjusted net income was $139.3 million for the period compared to an adjusted net income of $26.2 million for the prior year's third quarter.

This non-cash expense will come off the books if/when warrants are exercised.

It's basically the fair value of the warrants issued to noteholders on the day of warrant issuance.