Former Bitcoin treasury
SBC Medical Group Holdings Inc no longer pursues a Bitcoin treasury strategy. The holdings, debt, and metrics below reflect the last recorded data (Mar 31, 2026) and are no longer being updated.
₿$73,453.80▼ 0.13%
SBC Medical Group Holdings Inc
SBC🇺🇸Former
SBC Medical Group provides management services to cosmetic treatment centers (primarily the Shonan Beauty Clinic brand) across Japan, Vietnam, and the United States. The company purchased BTC with existing cash reserves as part of a treasury diversification strategy, buying up to 1 billion yen worth of Bitcoin through Coinbase between February and May 2025.
BTC Holdings
0 BTC
Insufficient history
Stock PriceUpdated 11h ago
$3.21▲ 0.63%
180d
Total financing
0.00 USD
Insufficient history
mNAV
—
180d
Sats/Share
0
180d
Mkt capFD
368.22M USD
SharesFD
114.71M
Fiat reserve
167.31M USD
Total reserve
167.31M USD
Dilution
11.8%
Analytics
FinancialsUnverified
US-GAAPQuarterlyAs of 2026-03-31
Balance Sheet
Total Assets$388M▲20.7%
Total Liabilities$117.6M▲60.5%
Stockholders' Equity$255.3M▲3.0%
Cash & Equivalents$167.3M▲31.3%
Total Debt$40.4M▲91.4%
Digital Assets—
Income Statement
Revenue$43.1M▼0.7%
Operating Income$17.7M▲11.6%
Net Income$11.3M▼11.8%
Interest Expense$111.9K▲149.4%
Cash Flow
Operating Cash Flow$9.2M▲133.8%
Instruments
| Instrument | Type | Exercise price | Warrant shares | Expiry | Outstanding |
|---|---|---|---|---|---|
| Public Warrants (SBCWW) | Common | 11.500 USD | 11.5M | 2029-10-17 | 11.5M |
| Private Placement Warrants | Common | 11.500 USD | 634.4K | 2029-10-17 | 634.4K |
| Total unexercised | 12.1M | ||||
Recent Changes
Tue, Mar 31, 2026
Fiat Reserve
163.8M→167.3M+3.5M(+2.2%)USD
Form 10-Q (Q1 2026)
Wed, Dec 31, 2025
BTC Holdings
5→0-5 BTC(-100.0%)
Audited YE 2025 balance per 10-K roll-forward; supersedes #1715 which read FY2025 purchases ($424,250) as a YE balance.
Form 10-K (2025)Fiat Reserve
127.4M→163.8M+36.3M(+28.5%)USD
Form 10-K (2025)