BTC Holdings
1,808 BTC
180d
Stock Price
$0.48
180d
Total financing
52.20M USD
180d
mNAV
2.68x
180d
Leverage
0.0%
180d
Amplification
0.0%
180d
BTC Credit
0 bps>10x
Sats/Share
235
180d
Mkt cap
369.59M USD
Shares
769.97M
Fiat reserve
80.80M USD
Total reserve
218.96M USD
Dilution
0.0%
Coverage
63.0 yr
BTC mix
0%
Analytics
BTC Coverage
Financials
US-GAAPAnnualAs of 2025-12-31
Balance Sheet
Total Assets$602.9M▲30.2%
Total Liabilities$165.5M▼15.9%
Stockholders' Equity$437.4M▲64.3%
Cash & Equivalents$80.8M▼16.3%
Total Debt$52.2M▲118.3%
Digital Assets$83.3M
Income Statement
Revenue$529.7M▲96.7%
Operating Income$-112.2M▲50.6%
Net Income$-210.3M▲15.8%
Interest Expense$2M▲277.4%
Cash Flow
Operating Cash Flow—
Instruments
Total
0.00 USD
| Instrument | Term | Price | Dividend | Yield | Notional | Shares | BTC Rating |
|---|---|---|---|---|---|---|---|
| Total | 0.00 USD | ||||||
Disclaimer
Shares outstanding reflects Class A + Class B ordinary shares. Stock price is per ADS (1 ADS = 15 Class A ordinary shares).
Recent Changes
Wed, Apr 15, 2026
Shares Outstanding
11.43B→11.55B+117.6M(+1.0%)
11,237,922,873 Class A + 311,624,444 Class B
Form 20-F (2025)Tue, Mar 31, 2026
BTC Holdings
1.8K→1.8K+15 BTC(+0.8%)
3,952 ETH also held
Form 6-K (March 2026 bitcoin production and mining update)Sat, Feb 28, 2026
BTC Holdings
1.8K→1.8K+15 BTC(+0.8%)
February 2026 Bitcoin Production and Mining Operation Updates
Mon, Feb 23, 2026
Shares Outstanding
10.63B→11.43B+806.4M(+7.6%)
Post Cipher Mining ABC acquisition; +806,439,900 Class A shares (53,762,660 ADSs) issued at $0.74/ADS
Form 6-K (Cipher Mining ABC acquisition)Tue, Feb 10, 2026
BTC Holdings
1.8K→1.8K+28 BTC(+1.6%)
Canaan BTC Treasury Tracker
Wed, Dec 31, 2025
BTC Holdings
1.7K→1.8K+20 BTC(+1.2%)
3,951 ETH also held at year-end; 1,091 BTC mined and 128 BTC purchased during 2025, offset by 776 BTC deployed for power costs
Form 20-F (2025)Shares Outstanding
8.77B→10.63B+1.86B(+21.2%)
Class A + Class B ordinary shares; 1 ADS = 15 Class A shares
Q4 & Full Year 2025 Financial ResultsDebt OutstandingConversionCAN-SrA
125.0M→0-125.0M(-100.0%)
Fully converted by Q4 2025
Q4 & Full Year 2025 Financial ResultsDebt OutstandingDrawCAN-BTCLoan
44.7M→52.2M+7.5M(+16.8%)
Current $28.5M + non-current $23.7M
Q4 & Full Year 2025 Financial ResultsFiat Reserve
119.2M→80.8M-38.4M(-32.2%)USD
Q4 & Full Year 2025 Financial Results
Thu, Dec 11, 2025
BTC Holdings
1.6K→1.7K+120 BTC(+7.5%)
Canaan BTC Treasury Tracker
Wed, Nov 12, 2025
BTC Holdings
1.6K→1.6K+28 BTC(+1.8%)
Canaan BTC Treasury Tracker