S Crypto Energy Inc.
5721🇯🇵Leveraged
Japanese company with diversified operations in nickel, real estate, education, and smart DX solutions. Pivoted to a Bitcoin treasury strategy in mid-2025, raising funds through third-party warrant allotments to acquire BTC, with a medium-term target of 1,000 BTC and a planned name change to S Crypto Energy effective April 2026.
BTC Holdings
296.24 BTC
Insufficient history
Stock Price
99.00 JPY
180d
Total financing
2.00B JPY
Insufficient history
mNAV
5.20x
180d
Leverage
27.1%
180d
BTC Credit
0 bps3.7x
Sats/Share
169
180d
Mkt cap
17.34B JPY
Shares
175.15M
Fiat reserve
1.10B JPY
Total reserve
4.43B JPY
Dilution
0.0%
Analytics
BTC Coverage
Financials
J-GAAPQuarterlyAs of 2025-12-31
Balance Sheet
Total Assets¥6.4B
Total Liabilities¥905M
Stockholders' Equity¥5.5B
Cash & Equivalents¥1.1B
Total Debt¥740.6M
Digital Assets¥4.1B
Income Statement
Revenue¥453.3M
Operating Income¥-369.2M
Net Income¥-1.8B
Interest Expense¥24.3M
Cash Flow
Operating Cash Flow—
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | BTC Rating |
|---|---|---|---|---|---|
| SSCI-B4 | Sep '25 – Sep '26 | 0% | 1.00B JPY | 1.00B JPY | >10x |
| SSCI-B5 | Sep '25 – Sep '26 | 0% | 1.00B JPY | 1.00B JPY | 3.7x |
| Total | 2.00B JPY | ||||
Recent Changes
Wed, Dec 31, 2025
Fiat Reserve
2.16B→1.10B-1.06B(-49.2%)JPY
Q3 FY2026 Tanshin (9 months ending Dec 2025)
Fri, Nov 28, 2025
Shares Outstanding
171.4M→175.1M+3.7M(+2.2%)
8th Series Warrant Exercise Completion (Correction)
Fri, Oct 31, 2025
Shares Outstanding
141.5M→171.4M+29.9M(+21.1%)
8th Series Warrant Exercise Completion (Correction)