BTC Holdings
827 BTC
180d
Stock Price
$1.25
180d
Total financing
23.00M USD
180d
mNAV
1.06x
180d
Leverage
26.1%
180d
BTC Credit
1 bps3.8x
Sats/Share
1,660
180d
Mkt cap
62.29M USD
Shares
49.83M
Fiat reserve
7.65M USD
Total reserve
66.46M USD
Dilution
0.0%
Coverage
27.4 yr
BTC mix
0%
Analytics
BTC Coverage
Financials
US-GAAPAnnualAs of 2025-12-31
Balance Sheet
Total Assets$153.5M▲22.1%
Total Liabilities$90.5M▼53.2%
Stockholders' Equity$63M▲192.9%
Cash & Equivalents$7.7M▼58.3%
Total Debt$21.5M▲3803.6%
Digital Assets$140.5M▲37.6%
Income Statement
Revenue$31.8M
Operating Income$-27.7M▼849.6%
Net Income$-69.6M▼6.9%
Interest Expense$5.7M▲1213.1%
Cash Flow
Operating Cash Flow$-16.1M▼386.3%
Instruments
Total
0.00 USD
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| Total | 0.00 USD | |||||
Recent Changes
Tue, Mar 17, 2026
BTC Holdings
1.0K→827-178 BTC(-17.7%)
Q4 & FY2025 Results (827 BTC as of Mar 17)
Thu, Mar 12, 2026
Shares Outstanding
48.4M→49.8M+1.4M(+2.9%)
Form 10-K (2025)
Sat, Feb 28, 2026
BTC Holdings
1.5K→1.0K-522 BTC(-34.2%)
Released 521 BTC collateral after convertible debt elimination
Convertible Debt Elimination & Capital RestructuringThu, Feb 26, 2026
Debt OutstandingFLD-Mar30
46.3M→0-46.3M(-100.0%)
Note terminated; 500 BTC collateral returned
Convertible Debt Elimination & Capital RestructuringDebt OutstandingFLD-Inv
20.0M→0-20.0M(-100.0%)
Eliminated for ~$27.5M (principal + MOIC)
Convertible Debt Elimination & Capital RestructuringDebt OutstandingIssuanceFLD-SATS27
13.0M
Form 8-K (Convertible Debt Elimination & $13M Note)
Wed, Dec 31, 2025
BTC Holdings
1.5K→1.5K+1 BTC(+0.1%)
Form 10-K (2025)
Shares Outstanding
48.3M→48.4M+111.6K(+0.2%)
Form 10-K (2025)
Debt OutstandingDrawFLD-TP26
0→10.0M+10.0M
Form 10-K (2025)
Fiat Reserve
6.7M→7.7M+988.7K(+14.8%)USD
Form 10-K (2025)
Mon, Nov 10, 2025
BTC Holdings
1.5K→1.5K+34 BTC(+2.3%)
Fold BTC Treasury Tracker
Shares Outstanding
46.6M→48.3M+1.7M(+3.7%)
Form 10-Q (Q3 2025)