BTC Holdings
5,064 BTC
180d
Stock PriceUpdated 11h ago
$6.26▲ 11.79%
180d
Total financing
210.00M USD
180d
mNAV
0.32x▲ 11.92%
180d
Leverage
47.0%
180d
BTC Risk
0.39%2.1x
Sats/Share
26,926
180d
Mkt capFD
117.73M USD
SharesFD
18.81M
Fiat reserve
35.30M USD
Total reserve
407.30M USD
Dilution
9.0%
Coverage
22.1 yr
Analytics
BTC Coverage
FinancialsUnverified
US-GAAPQuarterlyAs of 2026-03-31
Balance Sheet
Total Assets$620.8M▼10.3%
Total Liabilities$253.7M▲18.1%
Stockholders' Equity$367.1M▼23.1%
Cash & Equivalents$35.3M▲46.0%
Total Debt$209.7M
Digital Assets$345.6M
Income Statement
Revenue$2.7M▲132803.2%
Operating Income$-126.2M▼1112.5%
Net Income$-238.8M▼177.5%
Interest Expense$4.2M
Cash Flow
Operating Cash Flow$-23.3M▼246.0%
Instruments
Total
0.00 USD
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| Total | 0.00 USD | |||||
Recent Changes
Tue, Mar 31, 2026
BTC Holdings
5.1K→5.1K+6 BTC(+0.1%)
4,405 BTC pledged as collateral under Kraken Loan Agreement
Form 10-Q (Q1 2026)Fiat Reserve
24.2M→35.3M+11.1M(+46.0%)USD
Form 10-Q (Q1 2026)
Mon, Mar 23, 2026
BTC Holdings
5.3K→5.1K-284 BTC(-5.3%)
Sold ~284 BTC (~$20M) post-year-end to establish USD operating reserve; 5,058 = 4,405 collateralized + 653 unencumbered
Form 10-K (2025)Shares Outstanding
683.5M→690.0M+6.6M(+1.0%)
Post-merger shares; includes ~6.6M from RSU/option vesting since Feb 25
Form 10-K (2025)Debt Outstandingexercisenakamoto-warrant-aug-2025
71.7M→61.7M-10.0M(-13.9%)
Form 10-K (2025)
Wed, Feb 25, 2026
Shares Outstanding
439.9M→683.5M+243.6M(+55.4%)
Form 8-K (BTC Inc & UTXO acquisition completion)
Sat, Jan 24, 2026
Shares Outstanding
437.9M→439.9M+2.0M(+0.4%)
Treasury Dashboard
Wed, Dec 31, 2025
BTC Holdings
5.6K→5.3K-300.9 BTC(-5.3%)
Form 10-K (2025)
Shares Outstanding
427.2M→437.9M+10.8M(+2.5%)
Form 10-K (2025)
Debt Outstandingexercisenakamoto-warrant-jun-2024
1.3M→384.9K-932.5K(-70.8%)
Form 10-K (2025)
Debt Outstandingexercisenakamoto-warrant-jun-2024a
658.7K→101.8K-556.9K(-84.5%)
Form 10-K (2025)
Debt Outstandingexercisenakamoto-warrant-aug-2025
133.8M→71.7M-62.1M(-46.4%)
Form 10-K (2025)
Wed, Dec 3, 2025
Debt OutstandingRepaymentAntalpha Interim BTC-Backed Loan
206.0M→0-206.0M(-100.0%)
Repaid with Kraken loan proceeds
Form 8-K (Kraken BTC-collateralized loan)Debt OutstandingKraken BTC-Collateralized Loan
210.0M
Form 8-K (Kraken BTC-collateralized loan)