BTC Holdings
2,750 BTC
180d
Stock Price
0.35 GBP
180d
Total financing
22.02M GBP
180d
mNAV
0.82x
180d
Leverage
13.2%
180d
BTC Credit
0 bps7.6x
Sats/Share
762
180d
Mkt capFD
127.37M GBP
SharesFD
361.12M
Fiat reserve
1.50M GBP
Total reserve
157.04M GBP
Dilution
1.4%
Analytics
BTC Coverage
Financials
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 | 7.6x |
| Total | 10.07M GBP | |||||
Recent Changes
Fri, Apr 24, 2026
BTC Holdings
2.7K→2.8K+44 BTC(+1.6%)
Bitcoin Purchase (44 BTC via Coinbase Credit Facility)
Debt OutstandingDrawSWC-CF01
12.8M→16.2M+3.3M(+25.9%)
£12,000,000 total drawn after £2,500,000 draw to fund 44 BTC purchase; converted at GBP/USD 1.34584 (market rate 2026-04-24)
Bitcoin Purchase (44 BTC via Coinbase Credit Facility)Mon, Apr 20, 2026
Shares Outstanding
351.9M→356.2M+4.3M(+1.2%)
4,286,410 Subscription Shares placed at ~£0.36/share (£1,537,376 gross, ~98.25% settlement); balance not yet placed under 24 Dec 2025 Subscription Agreement: 52,377,540
Subscription Agreement Update - £1.5m Gross Proceeds (4,286,410 shares placed)Tue, Apr 14, 2026
BTC Holdings
2.7K→2.7K+11 BTC(+0.4%)
Bitcoin Purchase (+11 BTC, 2,706 total)
Thu, Apr 9, 2026
Debt OutstandingDrawSWC-CF01
858.0K→12.8M+12.0M(+1394.8%)
£9,500,000 total drawn (£650,000 existing + £8,850,000 new); £8.85M drawn 2026-04-09 to cancel 39M Pre-IPO warrants at 22.5p (£8.775M consideration + costs); converted at GBP/USD 1.35
Warrant Purchase Offer Results (39M warrants cancelled, £8.85M facility draw)Mon, Mar 23, 2026
Shares Outstanding
300.2M→351.9M+51.7M(+17.2%)
Head Of Capital Markets Appointment & TVR Update
Mon, Mar 16, 2026
Debt OutstandingDrawSWC-CF01
30.0M→858.0K-29.1M(-97.1%)
£650,000 drawn for warrant buyback at GBP/USD 1.32; prior snapshot recorded $30M facility ceiling, not drawn amount
Warrant Purchase Offer Results (3M warrants cancelled)Tue, Mar 10, 2026
BTC Holdings
2.7K→2.7K+3 BTC(+0.1%)
Bitcoin Purchase — 2,695 BTC total
Mon, Mar 2, 2026
BTC Holdings
2.7K→2.7K+3 BTC(+0.1%)
Bitcoin Purchase — 2,692 BTC total
Tue, Feb 24, 2026
Debt OutstandingIssuanceSWC-CF01
30.0M
Facility size $30M; drawn amount not disclosed
Strategic Credit Facility Established w/ CoinbaseWed, Feb 11, 2026
BTC Holdings
2.7K→2.7K+15 BTC(+0.6%)
Smarter Web BTC Treasury Tracker
Thu, Jan 22, 2026
BTC Holdings
2.7K→2.7K+10 BTC(+0.4%)
Smarter Web BTC Treasury Tracker
Fri, Nov 21, 2025
Debt OutstandingSWC-Aug26
178
CEO confirms 178 BTC bond denomination
Tue, Nov 4, 2025
BTC Holdings
2.7K→2.7K+4 BTC(+0.2%)
Smarter Web BTC Treasury Tracker