BTC Development Corp. (BDCI) - Net Assets
Based on the latest financial reports, BTC Development Corp. (BDCI) has net assets worth $248.11 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($259.01 Million) and total liabilities ($10.91 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore BDCI total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $248.11 Million |
| % of Total Assets | 95.79% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
BTC Development Corp. - Net Assets Trend (2023–2025)
This chart illustrates how BTC Development Corp.'s net assets have evolved over time, based on quarterly financial data. Check BDCI tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for BTC Development Corp. (2023–2025)
The table below shows the annual net assets of BTC Development Corp. from 2023 to 2025. For live valuation and market cap data, see BTC Development Corp. (BDCI) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $246.41 Million | +477226.78% |
| 2024-12-31 | $-51.64K | -186.08% |
| 2023-12-31 | $-18.05K | -- |
Equity Component Analysis
This analysis shows how different components contribute to BTC Development Corp.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 858809400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $945.00 | % |
| Total Equity | $-8.61 Million | 100.00% |
BTC Development Corp. Competitors by Market Cap
The table below lists competitors of BTC Development Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing New Universal Science and Technology Co Ltd
SHE:300472
|
$263.42 Million |
|
Silver Storm Mining Ltd.
V:SVRS
|
$263.43 Million |
|
Cabio Biotech Wuhan Co Ltd
SHG:688089
|
$263.78 Million |
|
Tianjin Hi-Tech Development Co Ltd
SHG:600082
|
$263.79 Million |
|
R&B FOOD SUPPLY
BK:RBF-R
|
$263.19 Million |
|
Sysage Technology Co Ltd
TW:6112
|
$263.19 Million |
|
STI Co. Ltd
KQ:039440
|
$263.16 Million |
|
Samchully
KO:004690
|
$263.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BTC Development Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -51,644 to -8,605,201, a change of -8,553,557.
- Net income of 1,871,283 contributed positively to equity growth.
- New share issuances of 256,200,000 increased equity.
- Other factors decreased equity by 266,624,840.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.87 Million | +21.75% |
| Share Issuances | $256.20 Million | +2977.27% |
| Other Changes | $-266.62 Million | -3098.42% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares BTC Development Corp.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2023-12-31 | $0.00 | $10.10 | x |
| 2024-12-31 | $0.00 | $10.10 | x |
| 2025-12-31 | $-0.25 | $10.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BTC Development Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-16.25K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-28.43K |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | $2.73 Million |
Industry Comparison
This section compares BTC Development Corp.'s net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $117,172,036
- Average return on equity (ROE) among peers: 12681.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BTC Development Corp. (BDCI) | $248.11 Million | 0.00% | 0.04x | $263.21 Million |
| Artius II Acquisition Inc. (AACB) | $214.29 Million | 0.06% | 0.07x | $233.06 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $268.87 Million |
| Ares Acquisition Corporation II (AACT) | $12.50K | 126761.58% | 32.39x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $263.70 Million | 43.84% | 5.36x | $409.92K |
| Altenergy Acquisition Corp (AEAE) | $-12.44 Million | 0.00% | 0.00x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $236.45 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $409.17 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $8.04 Million | 13.18% | 0.51x | $40.18 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $60.04 Million | -0.06% | 0.02x | $86.22 Million |
About BTC Development Corp.
BTC Development Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination involving one or more businesses or assets. BTC Development Corp. was incorporated in 2023 and is based in Philadelphia, Pennsylvania.