BTC Holdings
9,542.16 BTC
180d
Stock PriceUpdated 11h ago
$9.31▲ 4.61%
180d
Total financing
958.59M USD
180d
mNAV
4.33x▲ 4.74%
180d
Leverage
101.2%
180d
BTC Risk
38.09%1.0x
Sats/Share
2,928
180d
Mkt capFD
3.03B USD
SharesFD
325.90M
Fiat reserve
249.07M USD
Total reserve
949.97M USD
Dilution
17.7%
Coverage
1705.1 yr
BTC mix
99%
Analytics
BTC Coverage
FinancialsUnverified
US-GAAPQuarterlyAs of 2026-03-31
Balance Sheet
Total Assets$2.2B▼31.5%
Total Liabilities$983.5M▼0.4%
Stockholders' Equity$1.3B▼45.0%
Cash & Equivalents$249.1M▲50.0%
Total Debt$958.6M▲0.8%
Digital Assets—
Income Statement
Revenue$871.2K▼10.5%
Operating Income$-293.5M▼409.0%
Net Income$-405.9M▼840.0%
Interest Expense$11.5M▼0.0%
Cash Flow
Operating Cash Flow$17.9M▲473.0%
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| DJT-May28 | May '25 – May '28 | 0% | 1.00B USD | 953.26M USD | 34.72 USD | 1.0x |
| Total | 953.26M USD | |||||
Recent Changes
Tue, Mar 31, 2026
Shares Outstanding
276.7M→277.0M+222.5K(+0.1%)
Form 10-Q (Q1 2026)
Debt OutstandingDJT-May28
941.9M→953.3M+11.4M(+1.2%)
Form 10-Q (Q1 2026)
Debt OutstandingDJT-WC-TL
5.2M→5.3M+101.5K(+1.9%)
Form 10-Q (Q1 2026)
Fiat Reserve
134.6M→249.1M+114.5M(+85.1%)USD
Form 10-Q (Q1 2026)
Wed, Feb 25, 2026
Shares Outstanding
280.0M→276.7M-3.3M(-1.2%)
Form 10-K (FY 2025)
Wed, Dec 31, 2025
BTC Holdings
11.5K→9.5K-2,000 BTC(-17.3%)
2,000 BTC derecognized in Q4 2025 (cost basis $174.8M)
Form 10-K (FY 2025)Debt OutstandingDJT-May28
945.6M→941.9M-3.8M(-0.4%)
Carrying value net of unamortized OID/DIC (4.00% original issue discount on $1,000,000K face). 10-K reports in thousands.
Form 10-K (FY 2025)Debt OutstandingDJT-WC-TL
5.2M
Carrying value of WCT term loan assumed in Jul 2024 acquisition; 10-K reports in thousands. $4,780.5K classified current, $442.6K long-term; future minimum payments $5,000K (2026) + $500K (2027) before $57.4K unamortized discount.
Form 10-K (2025)Fiat Reserve
166.1M→134.6M-31.5M(-19.0%)USD
Form 10-K (FY 2025)