BTCT on Nasdaq

BTC Digital Ltd.

BTC Digital Ltd. is a finance services company in the Cayman Islands, listed on Nasdaq (BTCT).1

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Last updated Oct 21, 2026.

Overview

$14.0MRevenue, fiscal 20252
-$9.1MNet income, fiscal 20252

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  • TickerBTCT on Nasdaq1
  • IndustryFinance Services1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business address3Rd Floor, Tower A, 2 Shenyun Road West, Nanshan District, Guangdong Province, Shenzhen3
  • Filer categoryNon-accelerated filer3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-22.5%Gross margin2
-62.7%Operating margin2
-64.5%Net margin2
20.3%Revenue growth, 20252
-24.4%Return on equity2
-$13.8MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue100¢$17.2M
  • Interest0¢$62.0K

Out of $14.0M in revenue.2 The company lost money this year.

Financial statements

Revenue5672$14.0M in 2025−99% since 2018
0$500.0M$1.0B$1.5B2018: $1.4B$1.4B20182019: $1.4B$1.4B2019+2%2020: $897.0M$897.0M2020−38%2021: $729.0M$729.0M2021−19%2022: $11.8M$11.8M2022−98%2023: $9.1M$9.1M2023−23%2024: $11.7M$11.7M2024+29%2025: $14.0M$14.0M2025+20%
Gross profit5672-$3.2M in 2025
-$20.0M0$20.0M$40.0M$60.0M2020: $44.4M$44.4M20202021: $38.5M$38.5M2021−13%2022: $1.8M$1.8M2022−95%2023: -$1.1M-$1.1M20232024: $115.0K$115.0K20242025: -$3.2M-$3.2M2025
Operating income72-$8.8M in 2025
-$10.0M-$7.5M-$5.0M-$2.5M0$2.5M2022: $1.0M$1.0M20222023: -$2.5M-$2.5M20232024: -$2.7M-$2.7M2024+8%2025: -$8.8M-$8.8M2025+229%
Net income5672-$9.1M in 2025−86% since 2020
-$80.0M-$60.0M-$40.0M-$20.0M0$20.0M2020: -$63.3M-$63.3M20202021: -$60.6M-$60.6M2021−4%2022: $7.7M$7.7M20222023: -$2.8M-$2.8M20232024: -$2.0M-$2.0M2024−30%2025: -$9.1M-$9.1M2025+356%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenues$14.0M$11.7M$9.1M
Cost of revenues-$17.2M-$11.6M-$10.2M
Gross profit /(loss)-$3.2M$115.0K-$1.1M
Selling and marketing expenses-$585.0K-$355.0K-$225.0K
General and administrative expenses-$5.1M-$2.4M-$1.1M
Loss from operations-$8.8M-$2.7M-$2.5M
Realized gain/(loss) on exchange of digital assets-$418.0K$713.0K$34.0K
Interest income$191.0K$1.0K
Interest expenses-$62.0K-$48.0K-$63.0K
Equity in income on equity method investments$91.0K$75.0K$12.0K
Other expenses, net-$54.0K-$51.0K-$327.0K
Loss before income tax-$9.1M-$2.0M-$2.8M
Net Loss-$9.1M-$2.0M-$2.8M
Net loss per share-Basic (in Dollars per share)-$1.10-$0.66-$1.89
Net loss per share- Diluted (in Dollars per share)-$1.10-$0.66-$1.89
- Basic (in Shares)8.2M shares3.0M shares1.5M shares
- Diluted (in Shares)8.2M shares3.0M shares1.5M shares

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Corporate structure

BTC Digital Ltd. sits at the top of its group. 11 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of BTC Digital Ltd.

  • BTC Digital Ltd. E9
    • EdtechX Holdings Acquisition Corp. Subsidiary · Delaware, United States
    • Likeshuo Education (Hong Kong) Limited Subsidiary · Hong Kong
    • Likeshuo Education Investment Limited Subsidiary · British Virgin Islands
    • Met Chain Investing Holding Company Ltd Subsidiary · British Virgin Islands
    • Meta Path Investing Holding Company Subsidiary · Cayman Islands
    • METEN BLOCK CHAIN LLC Subsidiary · Delaware, United States
    • Meten Education (Hong Kong) Limited Subsidiary · Hong Kong
    • Meten Education Investment Limited Subsidiary · British Virgin Islands
    • Meten International Education Group Subsidiary · Cayman Islands
    • Meten Service USA Corp. Subsidiary · California, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What BTC Digital Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$28.3M2 Dec 31, 2025$20.3M2 Dec 31, 2024+39.1%
Property and equipment, net$16.0M2 Dec 31, 2025$12.2M2 Dec 31, 2024+31.2%
Operating-lease assets (leased space)$343.0K2 Dec 31, 2025$384.0K2 Dec 31, 2024−10.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$350.0K2 Dec 31, 2025$14.9M2 Dec 31, 2024−97.7%
Stakes in other companies (equity method)$4.3M2 Dec 31, 2025$4.0M2 Dec 31, 2024+7.2%

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • EdtechX Holdings Acquisition Corp. Delaware4
  • Likeshuo Education (Hong Kong) Limited Hong Kong4
  • Likeshuo Education Investment Limited British Virgin Islands4
  • METEN BLOCK CHAIN LLC Delaware4
  • Met Chain Investing Holding Company Ltd British Virgin Islands4
  • Meta Path Investing Holding Company Cayman Islands4
  • Meten Education (Hong Kong) Limited Hong Kong4
  • Meten Education Investment Limited British Virgin Islands4
  • Meten International Education Group Cayman Islands4
  • Meten Service USA Corp. California4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Meten Holding Group Ltd.Sep 1, 2021 to Aug 10, 20233
  • Meten EdtechX Education Group Ltd.Dec 17, 2019 to Aug 18, 20213

Timeline

  1. Dec 12, 20248-K Regulation FD disclosure; Other events14
  2. Dec 9, 20248-K Entered a material agreement; Other events15
  3. Nov 15, 20248-K Unregistered sale of shares; Other events16
  4. Sep 11, 20248-K Entered a material agreement17
  5. Aug 19, 20248-K Shareholder vote18
  6. Jul 3, 20248-K Entered a material agreement; Unregistered sale of shares19
  7. Mar 13, 20248-K Entered a material agreement; Unregistered sale of shares20
  8. Jan 19, 20248-K Regulation FD disclosure21

Filings

116 filings to the SEC since October 2021: 5 annual reports, 3 quarterly reports, 8 major events, 7 large holders, 93 other. The latest 20:

  1. Sep 18, 2026424B3 PROSPECTUS EDGAR
  2. Sep 17, 2026EFFECT EDGAR
  3. Sep 8, 2026F-1/A AMENDMENT NO. 2 TO FORM F-1 EDGAR
  4. Sep 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Sep 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. Aug 24, 2026F-1/A AMENDMENT NO. 1 TO FORM F-1 EDGAR
  7. Aug 13, 2026SCHEDULE 13G EDGAR
  8. Jul 29, 2026F-1 REGISTRATION STATEMENT EDGAR
  9. Jul 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  10. Jul 2, 2026SCHEDULE 13G EDGAR
  11. May 28, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. May 11, 202620-F ANNUAL REPORT EDGAR
  13. Apr 30, 2026NT 20-F NOTIFICATION OF LATE FILING EDGAR
  14. Apr 27, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. Apr 17, 2026S-8 REGISTRATION STATEMENT EDGAR
  16. Apr 2, 2026S-8 REGISTRATION STATEMENT EDGAR
  17. Dec 19, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. Nov 12, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  19. Nov 7, 2025SCHEDULE 13G/A EDGAR
  20. Oct 17, 20256-K EDGAR

The 116 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Siguang Peng47$60.0K27
2024Yupeng Guo47$36.0K27
2023Yupeng Guo47$31.6K27
2023Siguang Peng47$10.2K27

SEC filer profile

How BTC Digital Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBTC Digital Ltd.1
  • CIK0001796514
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company28
  • Incorporated inCayman Islands28
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address3Rd Floor, Tower A, 2 Shenyun Road West, Nanshan District, Guangdong Province, Shenzhen, China1
  • Phone01186755829452501
  • Shares outstanding9,516,975 shares as of Dec 31, 202528
  • AuditorAudit Alliance LLP, Singapore PCAOB ID 3487; no auditor attestation of internal control over financial reporting28
  • On EDGAR sinceDec 17, 20191
  • Filings217 in all: 6-K (76), 425 (16), 424B3 (10), S-8 (10), 424B5 (9), 8-K (8), CORRESP (7), UPLOAD (7)1
    All 40 form types

    20-F (6), EFFECT (6), SC 13G (5), DEFA14A (4), F-1/A (4), SC TO-I/A (4), SCHEDULE 13G (4), 10-Q (3), F-1 (3), F-4/A (3), SC 13D (3), SC 13G/A (3), 8-A12B (2), CERT (2), DEF 14A (2), NT 20-F (2), PRE 14A (2), SCHEDULE 13G/A (2), 10-K (1), 20-F/A (1), 20FR12B (1), 25-NSE (1), 25-NSE/A (1), 6-K/A (1), F-3 (1), F-4 (1), NT 10-K (1), POS AM (1), S-3 (1), SC 13D/A (1), SC TO-I (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (20-F) May 11, 2026
    Quarterly report (10-Q) Nov 14, 2024
    Proxy statement (DEF 14A) Jun 27, 2025
    Latest 8-K (8-K) Dec 12, 2024

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, par value US$0.06 per shareBTCTNasdaq Stock Market LLC

From the cover page of the 20-F filed May 11, 2026 (Section 12(b) of the Exchange Act).28

Sources

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