BTC Holdings
15,389 BTC
180d
Stock Price
$167.85
180d
Total financing
7.28B USD
180d
mNAV
43.50x
180d
Leverage
0.0%
180d
BTC Credit
0 bps>10x
Sats/Share
5,454
180d
Mkt capFD
47.36B USD
SharesFD
282.16M
Fiat reserve
11.29B USD
Total reserve
12.38B USD
Dilution
5.3%
Coverage
15.6 yr
BTC mix
0%
Analytics
BTC Coverage
Financials
US-GAAPAnnualAs of 2025-12-31
Balance Sheet
Total Assets$29.7B▲31.6%
Total Liabilities$14.9B▲21.3%
Stockholders' Equity$14.8B▲43.9%
Cash & Equivalents$11.3B▲21.2%
Total Debt$7.2B▲70.2%
Digital Assets$2B▲28.7%
Income Statement
Revenue$7.2B▲9.4%
Operating Income$1.4B▼37.8%
Net Income$1.3B▼51.1%
Interest Expense$85.4M▲24.6%
Cash Flow
Operating Cash Flow$2.4B▼21.8%
Instruments
COIN-Jun26
May '21 – Jun '26
Coupon
0.5%
Principal
1.27B USD
Outstanding
1.27B USD
Conv. price
370.45 USD
BTC Rating
>10x
COIN-Oct29
Aug '25 – Oct '29
Coupon
0%
Principal
1.50B USD
Outstanding
1.50B USD
Conv. price
454.44 USD
BTC Rating
>10x
COIN-Apr30
Mar '24 – Apr '30
Coupon
0.25%
Principal
1.26B USD
Outstanding
1.26B USD
Conv. price
333.54 USD
BTC Rating
>10x
COIN-Oct32
Aug '25 – Oct '32
Coupon
0%
Principal
1.50B USD
Outstanding
1.50B USD
Conv. price
394.84 USD
BTC Rating
>10x
Total
5.54B USD
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| COIN-Jun26 | May '21 – Jun '26 | 0.5% | 1.27B USD | 1.27B USD | 370.45 USD | >10x |
| COIN-Oct29 | Aug '25 – Oct '29 | 0% | 1.50B USD | 1.50B USD | 454.44 USD | >10x |
| COIN-Apr30 | Mar '24 – Apr '30 | 0.25% | 1.26B USD | 1.26B USD | 333.54 USD | >10x |
| COIN-Oct32 | Aug '25 – Oct '32 | 0% | 1.50B USD | 1.50B USD | 394.84 USD | >10x |
| Total | 5.54B USD | |||||
Recent Changes
Wed, Dec 31, 2025
BTC Holdings
14.5K→15.4K+841 BTC(+5.8%)
Form 10-K (2025)
Shares Outstanding
268.7M→267.8M-900.0K(-0.3%)
Class A + Class B combined
Form 10-K (2025)Fiat Reserve
8.68B→11.29B+2.61B(+30.1%)USD
Form 10-K (2025)
Thu, Oct 30, 2025
BTC Holdings
11.8K→14.5K+2,772 BTC(+23.5%)
Coinbase BTC Holdings Tracker