BTCS Inc (BTCS) - Net Assets
Based on the latest financial reports, BTCS Inc (BTCS) has net assets worth $38.85 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($89.27 Million) and total liabilities ($50.42 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. Check BTCS Inc strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $38.85 Million |
| % of Total Assets | 43.52% |
| Annual Growth Rate | N/A |
| 5-Year Change | 1051.88% |
| 10-Year Change | N/A |
| Growth Volatility | 12830.88 |
BTCS Inc - Net Assets Trend (2008–2025)
This chart illustrates how BTCS Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is BTCS Inc worth.
Annual Net Assets for BTCS Inc (2008–2025)
The table below shows the annual net assets of BTCS Inc from 2008 to 2025. Also explore BTCS net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $139.42 Million | +310.05% |
| 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 17325893600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $46.85K | 0.03% |
| Other Components | $312.67 Million | 224.27% |
| Total Equity | $139.42 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 |
|---|---|
|
Korfez Gayrimenkul Yatirim
IS:KRGYO
|
$66.74 Million |
|
Apex Science & Engineering Corp
TW:3052
|
$66.84 Million |
|
Kaulin Mfg
TW:1531
|
$66.84 Million |
|
Kwong Fong Industries Corp
TW:1416
|
$66.86 Million |
|
RENERGEN LTD CDI/1:1
F:996
|
$66.72 Million |
|
BitNine Co. Ltd.
KQ:357880
|
$66.72 Million |
|
Chang Ho Fibre Corp
TW:1468
|
$66.71 Million |
|
Malee Group Public Company Limited
BK:MALEE
|
$66.68 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 2024 to 2025, total equity changed from 33,999,954 to 139,416,779, a change of 105,416,825 (310.0%).
- Net loss of 33,353,433 reduced equity.
- Dividend payments of 2,679,994 reduced retained earnings.
- Share repurchases of 4,000,000 reduced equity.
- New share issuances of 135,160,842 increased equity.
- Other factors increased equity by 10,289,410.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-33.35 Million | -23.92% |
| Dividends Paid | $2.68 Million | -1.92% |
| Share Repurchases | $4.00 Million | -2.87% |
| Share Issuances | $135.16 Million | +96.95% |
| Other Changes | $10.29 Million | +7.38% |
| Total Change | $- | 310.05% |
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: 0.39x
- 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 | $1.63 | x |
| 2009-12-31 | $-1504.09 | $1.63 | x |
| 2010-12-31 | $-636.73 | $1.63 | x |
| 2011-12-31 | $-35682.00 | $1.63 | x |
| 2012-12-31 | $-38731.50 | $1.63 | x |
| 2013-12-31 | $-64.40 | $1.63 | x |
| 2014-12-31 | $1.02 | $1.63 | x |
| 2015-12-31 | $-301.35 | $1.63 | x |
| 2016-12-31 | $-1498.61 | $1.63 | x |
| 2017-12-31 | $1.25 | $1.63 | x |
| 2018-12-31 | $-0.21 | $1.63 | x |
| 2019-12-31 | $-0.12 | $1.63 | x |
| 2020-12-31 | $0.35 | $1.63 | x |
| 2021-12-31 | $1.77 | $1.63 | x |
| 2022-12-31 | $0.73 | $1.63 | x |
| 2023-12-31 | $1.86 | $1.63 | x |
| 2024-12-31 | $2.09 | $1.63 | x |
| 2025-12-31 | $4.20 | $1.63 | 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): -23.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -202.25%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.54x
- Recent ROE (-23.92%) is above the historical average (-11194.39%), 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 |
| 2025 | -23.92% | -202.25% | 0.08x | 1.54x | $-47.30 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: $132,546,028
- Average return on equity (ROE) among peers: -47.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BTCS Inc (BTCS) | $38.85 Million | 0.00% | 1.30x | $66.74 Million |
| American Bitcoin Corp (ABTC) | $57.53 Million | -58.95% | 0.34x | $230.45 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.05 Million |
| Sphere 3D Corp (ANY) | $20.45 Million | -334.83% | 3.53x | $23.50 Million |
| Argo Blockchain PLC ADR (ARBK) | $272.27 Million | 14.35% | 0.43x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-3.23 Million | 0.00% | 0.00x | $32.53 Million |
| Prestige Wealth Inc. (AURE) | $-291.66K | 0.00% | 0.00x | $24.36 Million |
| Solowin Holdings (AXG) | $4.73 Million | -23.16% | 1.60x | $204.86 Million |
| BGC Group Inc. (BGC) | $863.17 Million | 23.42% | 2.98x | $4.45 Billion |
| Big Digital Energy, Inc. (BGDE) | $76.17 Million | -69.27% | 0.75x | $34.07 Million |
| Bitfarms Ltd (BITF) | $28.09 Million | 10.32% | 0.88x | $1.21 Billion |
About 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 validation and consensus-related activities. It also offers Builder+, an Ethereum block-building operation that constructs and submits optimized transaction blocks to validators; and Imperium, through which the com… Read more