BTC Holdings
2,878 BTC
180d
Stock PriceUpdated 14h ago
0.30 GBP▲ 3.72%
180d
Total financing
28.21M GBP
180d
mNAV
0.81x▲ 3.85%
180d
Leverage
17.0%
180d
BTC Risk
0.10%5.9x
Sats/Share
685
180d
Mkt capFD
128.23M GBP
SharesFD
420.42M
Fiat reserve
1.50M GBP
Total reserve
158.96M GBP
Dilution
19.5%
Analytics
BTC Coverage
FinancialsUnverified
IFRSAnnualAs of 2025-10-31
Balance Sheet
Total Assets£223M▲200022.4%
Total Liabilities£12.7M▲1125.9%
Stockholders' Equity£210.4M▲22933.0%
Cash & Equivalents£1.5M▲1275.8%
Total Debt£11M▲989.9%
Digital Assets£220M
Income Statement
Revenue£70K
Operating Income£-1.8M▼252.3%
Net Income£1.6M▲421.9%
Interest Expense£354.7K
Cash Flow
Operating Cash Flow£-1.6M▼188.2%
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| SWC-Aug26 | Aug '25 – Aug '26 | 0% | 178.00 BTC | 178.00 BTC | 2.05 GBP | 5.9x |
| Total | 9.74M GBP | |||||
Recent Changes
Fri, May 29, 2026
BTC Holdings
2.9K→2.9K+9 BTC(+0.3%)
+9 BTC purchased at avg £54,771/coin ($73,437/coin); £492,942 total. Lifetime avg cost: £80,950/coin ($108,537/coin); £232,973,110 invested. QTD BTC Yield 15.79%.
Bitcoin Purchase (+9 BTC, 2,878 total)Debt OutstandingDrawSWC-CF01
24.2M→24.8M+636.2K(+2.6%)
£18,500,000 total drawn after £500,000 incremental draw alongside 9 BTC purchase (£492,942); converted at GBP/USD 1.3408008 (implied by press-release per-BTC £/$ figures). Approximate leverage ratio 13.25%.
Bitcoin Purchase (+9 BTC, 2,878 total)Tue, May 26, 2026
BTC Holdings
2.9K→2.9K+10 BTC(+0.3%)
+10 BTC purchased at avg £55,786/coin ($74,904/coin); £557,865 total. Lifetime avg cost: £81,032/coin ($108,801/coin); £232,480,168 invested. QTD BTC Yield 15.43%.
Bitcoin Purchase (+10 BTC, 2,869 total)Debt OutstandingDrawSWC-CF01
23.5M→24.2M+657.6K(+2.8%)
£18,000,000 total drawn after £500,000 incremental draw alongside 10 BTC purchase (£557,865); converted at GBP/USD 1.342702 (implied by press-release per-BTC £/$ figures). Approximate leverage ratio 12.19%.
Bitcoin Purchase (+10 BTC, 2,869 total)Thu, May 21, 2026
BTC Holdings
2.8K→2.9K+19 BTC(+0.7%)
+19 BTC purchased at avg £57,971/coin ($77,687/coin); £1,101,453 total. Lifetime avg cost: £81,120/coin ($108,709/coin); £231,922,303 invested. QTD BTC Yield 15.02%.
Bitcoin Purchase (+19 BTC, 2,859 total)Debt OutstandingDrawSWC-CF01
22.0M→23.5M+1.5M(+6.8%)
£17,500,000 total drawn after £1,000,000 incremental draw alongside 19 BTC purchase (£1,101,453); converted at GBP/USD 1.34349012 (fx_rates 2026-05-21). Approximate leverage ratio 11.77%.
Bitcoin Purchase (+19 BTC, 2,859 total)Fri, May 15, 2026
BTC Holdings
2.8K→2.8K+10 BTC(+0.4%)
+10 BTC purchased at avg £58,891/coin ($79,662/coin); £588,911 total. Lifetime avg cost: £81,275/coin ($109,941/coin); £230,820,850 invested. QTD BTC Yield 14.26%.
Bitcoin Purchase (+10 BTC, 2,840 total)Debt OutstandingDrawSWC-CF01
21.7M→22.0M+298.8K(+1.4%)
£16,500,000 total drawn after £500,000 incremental draw alongside 10 BTC purchase (£588,911); converted at GBP/USD 1.33472145 (fx_rates 2026-05-15). Approximate leverage ratio 10.89%.
Bitcoin Purchase (+10 BTC, 2,840 total)Tue, May 12, 2026
BTC Holdings
2.8K→2.8K+25 BTC(+0.9%)
+25 BTC purchased at avg £59,995/coin ($81,593/coin); £1,499,865 total. Lifetime avg cost: £81,354/coin ($110,642/coin); £230,231,940 invested. QTD BTC Yield 13.86%.
Bitcoin Purchase (+25 BTC, 2,830 total)Debt OutstandingDrawSWC-CF01
20.3M→21.7M+1.4M(+7.1%)
£16,000,000 total drawn after £1,000,000 incremental draw to fund 25 BTC purchase; converted at GBP/USD 1.35775483 (fx_rates 2026-05-12). Approximate leverage ratio 10.37%.
Bitcoin Purchase (+25 BTC, 2,830 total)Tue, May 5, 2026
BTC Holdings
2.8K→2.8K+27 BTC(+1.0%)
+27 BTC purchased at avg £56,799/coin ($77,087/coin); £1,533,569 total. Lifetime avg cost: £81,544/coin ($110,672/coin); £228,732,074 invested. QTD BTC Yield 13.98%.
Bitcoin Purchase (27 BTC, 2,805 total) and Subscription Agreement Update (310,000 shares)Debt OutstandingDrawSWC-CF01
18.2M→20.3M+2.0M(+11.2%)
£15,000,000 total drawn after £1,500,000 incremental draw to fund 27 BTC purchase; converted at GBP/USD 1.3522284 (fx_rates 2026-05-05). Approximate leverage ratio 10.15%.
Bitcoin Purchase (27 BTC, 2,805 total) and Subscription Agreement Update (310,000 shares)Wed, Apr 29, 2026
BTC Holdings
2.8K→2.8K+28 BTC(+1.0%)
+28 BTC purchased at avg £57,588/coin ($77,934/coin); £1,612,458 total. Lifetime avg cost: £81,785/coin ($110,680/coin); £227,198,505 invested. QTD BTC Yield 12.98%.
Bitcoin Purchase (28 BTC via Coinbase Credit Facility, 2,778 total)Debt OutstandingDrawSWC-CF01
16.2M→18.2M+2.1M(+12.9%)
£13,500,000 total drawn after £1,500,000 incremental draw to fund 28 BTC purchase; converted at GBP/USD 1.35111403 (fx_rates 2026-04-29). Approximate leverage ratio 9.3%.
Bitcoin Purchase (28 BTC via Coinbase Credit Facility, 2,778 total)Fri, Apr 24, 2026
BTC Holdings
2.7K→2.8K+44 BTC(+1.6%)
Bitcoin Purchase (44 BTC via Coinbase Credit Facility)