BTCS Inc
BTCS Inc., a blockchain technology company, provides blockchain infrastructure services in the United States. The company operates a network of cloud-based validator nodes that perform essential roles in proof-of-stake and delegated proof-of-stake blockchain ecosystems. It also offers Builder+, an Ethereum block-building operation that leverages algorithms to construct high-value blocks; NodeOps,… Read more
BTCS Inc (BTCS) - Net Assets
Latest net assets as of September 2025: $225.40 Million USD
Based on the latest financial reports, BTCS Inc (BTCS) has net assets worth $225.40 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($298.86 Million) and total liabilities ($73.45 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $225.40 Million |
| % of Total Assets | 75.42% |
| Annual Growth Rate | N/A |
| 5-Year Change | 3158.93% |
| 10-Year Change | N/A |
| Growth Volatility | 13659.6 |
BTCS Inc - Net Assets Trend (2008–2024)
This chart illustrates how BTCS Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BTCS Inc (2008–2024)
The table below shows the annual net assets of BTCS Inc from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $34.00 Million | +29.94% |
| 2023-12-31 | $26.17 Million | +180.41% |
| 2022-12-31 | $9.33 Million | -22.90% |
| 2021-12-31 | $12.10 Million | +1060.13% |
| 2020-12-31 | $1.04 Million | +667.74% |
| 2019-12-31 | $-183.76K | +28.22% |
| 2018-12-31 | $-255.99K | -149.86% |
| 2017-12-31 | $513.43K | +101.13% |
| 2016-12-31 | $-45.25 Million | -1521.93% |
| 2015-12-31 | $-2.79 Million | -36417.63% |
| 2014-12-31 | $7.68K | +101.57% |
| 2013-12-31 | $-490.86K | +9.48% |
| 2012-12-31 | $-542.24K | -51.96% |
| 2011-12-31 | $-356.82K | -4994.52% |
| 2010-12-31 | $-7.00K | +57.67% |
| 2009-12-31 | $-16.55K | 0.00% |
| 2008-12-31 | $-16.55K | -- |
Equity Component Analysis
This analysis shows how different components contribute to BTCS Inc'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 13990550300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $18.72K | 0.06% |
| Other Components | $173.93 Million | 511.56% |
| Total Equity | $34.00 Million | 100.00% |
BTCS Inc Competitors by Market Cap
The table below lists competitors of BTCS Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Polytronics Technology Corp
TW:6224
|
$73.94 Million |
|
Imarketkorea
KO:122900
|
$73.97 Million |
|
Gofore Oyj
HE:GOFORE
|
$73.97 Million |
|
K-FAST HOLDING AB SER.B
F:6D90
|
$74.01 Million |
|
TOM Group Limited
PINK:TOCOF
|
$73.90 Million |
|
Samjin Pharm
KO:005500
|
$73.90 Million |
|
TerrAscend Corp.
OTCQX:TSNDF
|
$73.89 Million |
|
Consumer Portfolio Services Inc
NASDAQ:CPSS
|
$73.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BTCS Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 26,165,791 to 33,999,954, a change of 7,834,163 (29.9%).
- Net loss of 1,271,174 reduced equity.
- New share issuances of 6,681,777 increased equity.
- Other comprehensive income increased equity by 2,563,938.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.27 Million | -3.74% |
| Share Issuances | $6.68 Million | +19.65% |
| Other Comprehensive Income | $2.56 Million | +7.54% |
| Other Changes | $-140.38K | -0.41% |
| Total Change | $- | 29.94% |
Book Value vs Market Value Analysis
This analysis compares BTCS Inc'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
- Current price-to-book ratio: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $-1504.09 | $1.81 | x |
| 2009-12-31 | $-1504.09 | $1.81 | x |
| 2010-12-31 | $-636.73 | $1.81 | x |
| 2011-12-31 | $-35682.00 | $1.81 | x |
| 2012-12-31 | $-38731.50 | $1.81 | x |
| 2013-12-31 | $-64.40 | $1.81 | x |
| 2014-12-31 | $1.02 | $1.81 | x |
| 2015-12-31 | $-301.35 | $1.81 | x |
| 2016-12-31 | $-1498.61 | $1.81 | x |
| 2017-12-31 | $1.25 | $1.81 | x |
| 2018-12-31 | $-0.21 | $1.81 | x |
| 2019-12-31 | $-0.12 | $1.81 | x |
| 2020-12-31 | $0.35 | $1.81 | x |
| 2021-12-31 | $1.77 | $1.81 | x |
| 2022-12-31 | $0.73 | $1.81 | x |
| 2023-12-31 | $1.86 | $1.81 | x |
| 2024-12-31 | $2.09 | $1.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BTCS Inc 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): -3.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -31.21%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.12x
- Recent ROE (-3.74%) is above the historical average (-11851.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-41.12K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-41.12K |
| 2010 | 0.00% | 1.68% | 1.68x | 0.00x | $60.76K |
| 2011 | 0.00% | -24.23% | 4.34x | 0.00x | $-351.01K |
| 2012 | 0.00% | -1.95% | 2.19x | 0.00x | $29.08K |
| 2013 | 0.00% | 5.51% | 2.68x | 0.00x | $137.76K |
| 2014 | -192098.62% | -38616.78% | 0.14x | 35.64x | $-14.76 Million |
| 2015 | 0.00% | -1984.83% | 0.16x | 0.00x | $-9.77 Million |
| 2016 | 0.00% | -12461.65% | 3.62x | 0.00x | $-39.74 Million |
| 2017 | -8855.12% | -1014834.13% | 0.01x | 1.15x | $-45.52 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-800.82K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.62 Million |
| 2020 | -245.00% | -3524.48% | 0.05x | 1.49x | $-2.66 Million |
| 2021 | -132.60% | -1322.82% | 0.09x | 1.17x | $-17.26 Million |
| 2022 | -169.94% | -936.93% | 0.17x | 1.06x | $-16.79 Million |
| 2023 | 29.88% | 583.65% | 0.05x | 1.04x | $5.20 Million |
| 2024 | -3.74% | -31.21% | 0.11x | 1.12x | $-4.67 Million |
Industry Comparison
This section compares BTCS Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BTCS Inc (BTCS) | $225.40 Million | 0.00% | 0.33x | $73.93 Million |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |