BTCT on Nasdaq
BTC Digital Ltd.
BTC Digital Ltd. is a finance services company in the Cayman Islands, listed on Nasdaq (BTCT).1
Price unavailable
Last updated Oct 21, 2026.
Overview
Compare with TON Strategy Co, The9 or OpenWorld, Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
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
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| 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 shares | 3.0M shares | 1.5M shares |
| - Diluted (in Shares) | 8.2M shares | 3.0M shares | 1.5M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $350.0K | $14.9M | ||
| Accounts receivable | $6.2M | $5.5M | ||
| Prepayments and other current assets | $4.5M | $2.9M | ||
| Digital assets | $7.6M | $1.1M | ||
| Total current assets | $19.3M | $24.6M | ||
| Equity method investments | $4.3M | $4.0M | ||
| Right-of-use asset | $343.0K | $384.0K | ||
| Property and equipment, net | $16.0M | $12.2M | ||
| Total non-current assets | $20.6M | $16.6M | ||
| Total assets | $39.9M | $41.1M | ||
| Accounts payable | $115.0K | |||
| Short term loans | $2.2M | $484.0K | ||
| Contract liabilities | $124.0K | |||
| Current lease liability | $49.0K | $49.0K | ||
| Accrued expenses and other payables | $261.0K | $121.0K | ||
| Total current liabilities | $2.5M | $893.0K | ||
| Lease liability | $286.0K | $320.0K | ||
| Total non-current liability | $286.0K | $320.0K | ||
| Total liabilities | $2.8M | $1.2M | ||
| Ordinary shares (US$0.06 par value; 200,000,000 shares authorized; 6,434,040 and 9,516,975 shares issued outstanding as of December 31, 2024 and December 31, 2025) | $553.0K | $368.0K | ||
| Additional paid-in capital | $234.3M | $228.1M | ||
| Accumulated deficit | -$197.6M | -$188.6M | ||
| Total shareholders equity | $37.2M | $39.9M | $19.4M | $19.3M |
| Total liabilities and shareholders equity | $39.9M | $41.1M | ||
| Ordinary shares, par value (in Dollars per share) | $0.06 | $0.06 | ||
| Ordinary shares, authorized (in Shares) | 200.0M shares | 200.0M shares | ||
| Ordinary shares, issued (in Shares) | 9.5M shares | 6.4M shares | ||
| Ordinary shares, outstanding (in Shares) | 9.5M shares | 6.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $350.0K | $14.9M | ||
| Accounts receivable | $6.2M | $5.5M | ||
| Prepayments and other current assets | $4.5M | $2.9M | ||
| Digital assets | $7.6M | $1.1M | ||
| Total current assets | $19.3M | $24.6M | ||
| Equity method investments | $4.3M | $4.0M | ||
| Right-of-use asset | $343.0K | $384.0K | ||
| Property and equipment, net | $16.0M | $12.2M | ||
| Total non-current assets | $20.6M | $16.6M | ||
| Total assets | $39.9M | $41.1M | ||
| Accounts payable | $115.0K | |||
| Short term loans | $2.2M | $484.0K | ||
| Contract liabilities | $124.0K | |||
| Current lease liability | $49.0K | $49.0K | ||
| Accrued expenses and other payables | $261.0K | $121.0K | ||
| Total current liabilities | $2.5M | $893.0K | ||
| Lease liability | $286.0K | $320.0K | ||
| Total non-current liability | $286.0K | $320.0K | ||
| Total liabilities | $2.8M | $1.2M | ||
| Ordinary shares (US$0.06 par value; 200,000,000 shares authorized; 6,434,040 and 9,516,975 shares issued outstanding as of December 31, 2024 and December 31, 2025) | $553.0K | $368.0K | ||
| Additional paid-in capital | $234.3M | $228.1M | ||
| Accumulated deficit | -$197.6M | -$188.6M | ||
| Total shareholders equity | $37.2M | $39.9M | $19.4M | $19.3M |
| Total liabilities and shareholders equity | $39.9M | $41.1M | ||
| Ordinary shares, par value (in Dollars per share) | $0.06 | $0.06 | ||
| Ordinary shares, authorized (in Shares) | 200.0M shares | 200.0M shares | ||
| Ordinary shares, issued (in Shares) | 9.5M shares | 6.4M shares | ||
| Ordinary shares, outstanding (in Shares) | 9.5M shares | 6.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$9.1M | -$2.0M | -$2.8M |
| Depreciation | $4.1M | $3.7M | $3.2M |
| Realized loss/(gain) on exchange of digital assets | $418.0K | -$713.0K | -$34.0K |
| Equity income on equity method investments | -$91.0K | -$75.0K | -$12.0K |
| Share-based compensation expenses | $1.8M | $571.0K | $138.0K |
| Loss on write-off of property and equipment | $35.0K | $45.0K | |
| Loss on disposal of property and equipment | $357.0K | ||
| Amortization of operating lease right-of-use asset | $41.0K | $10.0K | |
| Increase/(decrease) in accounts receivable | -$746.0K | $8.0K | $3.4M |
| Increase in right-of-use asset | -$394.0K | ||
| (Increase)/decrease in prepayments and other current assets | -$780.0K | $8.0K | $3.0M |
| Change of Digital assets | -$909.0K | $64.0K | -$311.0K |
| Increase/(decrease) in accounts payable | -$115.0K | -$13.0K | -$3.3M |
| (Increase)/decrease in deferred revenue | -$124.0K | -$126.0K | $250.0K |
| Increase/(decrease) in accrued expenses and other payables | $140.0K | $121.0K | |
| Increase in operating lease liability | $49.0K | ||
| Increase/(decrease) of lease liability-non-current | -$34.0K | $320.0K | |
| Net cash flow generated from/(used in) operating activities | -$5.3M | $1.6M | $3.8M |
| Purchases of property and equipment | -$8.5M | -$2.7M | -$2.5M |
| Payment for investment in associate | -$200.0K | ||
| Repayment of advances from related parties | -$475.0K | ||
| Purchases of digital assets | -$6.0M | ||
| Proceeds from disposal of property and equipment | $564.0K | ||
| Advances to related parties | $37.0K | -$4.7M | -$2.7M |
| Advance to third party | -$300.0K | ||
| Repayment of advances to related parties | $441.0K | ||
| Net cash used in investing activities | -$15.5M | -$7.0M | -$4.6M |
| Proceeds from short term loans | $7.8M | $810.0K | $182.0K |
| Repayment of short term loans | -$6.1M | -$451.0K | -$927.0K |
| Proceeds from issuance of ordinary shares, net of issuance costs | $4.5M | $19.9M | $1.6M |
| Net cash generated from financing activities | $6.2M | $20.3M | $807.0K |
| Net increase/(decrease) in cash and cash equivalents | -$14.6M | $14.9M | -$5.0K |
| Interest paid | $62.0K | $21.0K | $63.0K |
| Lease liability arising from obtaining right-of-use asset | $394.0K | ||
| Non-cash issuance of common shares for the purchase of equity in a joint venture | $1.1M | ||
| Non-cash issuance of common shares for the payment of mining facility acquisition | $360.0K | ||
| Issuance of ordinary shares for previously received cash proceeds | $542.0K |
No quarter-by-quarter statement was filed.
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.
- Ayrton Capital LLC Filed SCHEDULE 13G on BTC Digital Ltd., latest Aug 13, 2026
- BIGGER CAPITAL FUND L P Filed SCHEDULE 13G on BTC Digital Ltd., latest Jul 2, 2026
- CVI Investments, Inc. Filed SCHEDULE 13G/A on BTC Digital Ltd., latest Nov 7, 2025 (2 filings since Jul 22, 2025)
- Empery Asset Management, LP Filed SCHEDULE 13G/A on BTC Digital Ltd., latest Apr 29, 2025 (2 filings since Jan 16, 2025)
- Azimut Investments S.A. Filed SC 13G/A on BTC Digital Ltd., latest Feb 11, 2022
- 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| 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
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
Timeline
- Dec 12, 20248-K Regulation FD disclosure; Other events14
- Dec 9, 20248-K Entered a material agreement; Other events15
- Nov 15, 20248-K Unregistered sale of shares; Other events16
- Sep 11, 20248-K Entered a material agreement17
- Aug 19, 20248-K Shareholder vote18
- Jul 3, 20248-K Entered a material agreement; Unregistered sale of shares19
- Mar 13, 20248-K Entered a material agreement; Unregistered sale of shares20
- 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:
- Sep 18, 2026424B3 PROSPECTUS EDGAR
- Sep 17, 2026EFFECT EDGAR
- Sep 8, 2026F-1/A AMENDMENT NO. 2 TO FORM F-1 EDGAR
- Sep 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 24, 2026F-1/A AMENDMENT NO. 1 TO FORM F-1 EDGAR
- Aug 13, 2026SCHEDULE 13G EDGAR
- Jul 29, 2026F-1 REGISTRATION STATEMENT EDGAR
- Jul 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 2, 2026SCHEDULE 13G EDGAR
- May 28, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 11, 202620-F ANNUAL REPORT EDGAR
- Apr 30, 2026NT 20-F NOTIFICATION OF LATE FILING EDGAR
- Apr 27, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 17, 2026S-8 REGISTRATION STATEMENT EDGAR
- Apr 2, 2026S-8 REGISTRATION STATEMENT EDGAR
- Dec 19, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Nov 12, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Nov 7, 2025SCHEDULE 13G/A EDGAR
- 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.
- Ayrton Capital LLCSCHEDULE 13G, 1 filing Aug 13, 202622
- BIGGER CAPITAL FUND L PSCHEDULE 13G, 1 filing Jul 2, 202623
- CVI Investments, Inc.SCHEDULE 13G/A, 2 filings Jul 22, 2025 to Nov 7, 202524
- Empery Asset Management, LPSCHEDULE 13G/A, 2 filings Jan 16, 2025 to Apr 29, 202525
- Azimut Investments S.A.SC 13G/A, 1 filing Feb 11, 202226
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.
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
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares, par value US$0.06 per share | BTCT | Nasdaq Stock Market LLC |
From the cover page of the 20-F filed May 11, 2026 (Section 12(b) of the Exchange Act).28
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17SEC EDGAREntered a material agreement
- 18SEC EDGARShareholder vote
- 19
- 20
- 21SEC EDGARRegulation FD disclosure
- 22
- 23
- 24
- 25
- 26
- 27
- 28