BTC Digital Ltd. (BTCT) - Net Assets
Based on the latest financial reports, BTC Digital Ltd. (BTCT) has net assets worth $264.35 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 ($268.34 Million) and total liabilities ($3.99 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 asset allocation strategy of BTC Digital Ltd. to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $264.35 Million |
| % of Total Assets | 98.51% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 142.66 |
BTC Digital Ltd. - Net Assets Trend (2018–2024)
This chart illustrates how BTC Digital Ltd.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see BTCT stock market capitalisation.
Annual Net Assets for BTC Digital Ltd. (2018–2024)
The table below shows the annual net assets of BTC Digital Ltd. from 2018 to 2024. Also explore BTC Digital Ltd. equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $39.92 Million | +105.31% |
| 2023-12-31 | $19.44 Million | -85.38% |
| 2022-12-31 | $132.97 Million | +263.57% |
| 2021-12-31 | $36.58 Million | +110.09% |
| 2020-12-31 | $-362.54 Million | -49.23% |
| 2019-12-31 | $-242.94 Million | -111.98% |
| 2018-12-31 | $-114.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BTC Digital Ltd.'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 grown by 11727000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $368.00K | 0.92% |
| Other Components | $228.14 Million | 571.53% |
| Total Equity | $39.92 Million | 100.00% |
BTC Digital Ltd. Competitors by Market Cap
The table below lists competitors of BTC Digital Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hindprakash Industries Limited
NSE:HPIL
|
$14.56 Million |
|
Denali Capital Acquisition Corp. Class A Ordinary Shares
NASDAQ:DECA
|
$14.56 Million |
|
Noxopharm Ltd
AU:NOX
|
$14.57 Million |
|
Euromedis Groupe SA
PA:ALEMG
|
$14.57 Million |
|
Qyou Media Inc
V:QYOU
|
$14.56 Million |
|
VitzroSys Co Ltd
KQ:054220
|
$14.55 Million |
|
Atta Global Group Bhd
KLSE:7099
|
$14.54 Million |
|
TIALIS ESSENTIAL IT PLC
F:U6M
|
$14.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BTC Digital Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,442,000 to 39,917,000, a change of 20,475,000 (105.3%).
- Net loss of 1,989,000 reduced equity.
- New share issuances of 19,941,000 increased equity.
- Other factors increased equity by 2,523,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.99 Million | -4.98% |
| Share Issuances | $19.94 Million | +49.96% |
| Other Changes | $2.52 Million | +6.32% |
| Total Change | $- | 105.31% |
Book Value vs Market Value Analysis
This analysis compares BTC Digital Ltd.'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: 0.26x
- 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 |
|---|---|---|---|
| 2018-12-31 | $-706.47 | $1.53 | x |
| 2019-12-31 | $-1293.79 | $1.53 | x |
| 2020-12-31 | $-1380.32 | $1.53 | x |
| 2021-12-31 | $10.38 | $1.53 | x |
| 2022-12-31 | $47.34 | $1.53 | x |
| 2023-12-31 | $5.20 | $1.53 | x |
| 2024-12-31 | $5.92 | $1.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BTC Digital Ltd. 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): -4.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.04%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.03x
- Recent ROE (-4.98%) is above the historical average (-241.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | 4.02% | 1.41x | 0.00x | $71.09 Million |
| 2019 | 0.00% | -15.15% | 0.99x | 0.00x | $-193.32 Million |
| 2020 | 0.00% | -45.82% | 0.82x | 0.00x | $-373.12 Million |
| 2021 | -1712.56% | -52.72% | 0.82x | 39.45x | $-386.54 Million |
| 2022 | 39.87% | 64.97% | 0.39x | 1.57x | $39.72 Million |
| 2023 | -14.53% | -31.13% | 0.37x | 1.26x | $-4.77 Million |
| 2024 | -4.98% | -17.04% | 0.28x | 1.03x | $-5.98 Million |
Industry Comparison
This section compares BTC Digital Ltd.'s net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $1,621,312,696
- Average return on equity (ROE) among peers: 7.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BTC Digital Ltd. (BTCT) | $264.35 Million | 0.00% | 0.02x | $14.56 Million |
| AGM Group Holdings Inc Class A (AGMH) | $19.43 Million | -38.28% | 4.02x | $1.64 Million |
| AstroNova Inc (ALOT) | $11.40 Million | 12.28% | 0.54x | $227.32 Million |
| PRODWAYS GROUP (ALPWG) | $64.85 Million | 0.97% | 0.75x | $19.24 Million |
| AMC Robotics Corporation (AMCI) | $7.98 Million | -17.80% | 0.05x | $75.69 Million |
| Arista Networks (ANET) | $9.99 Billion | 28.54% | 0.41x | $171.79 Billion |
| Braiin Limited Common Stock (BRAI) | $-2.83 Million | 0.00% | 0.00x | $379.20 Million |
| Canaan Inc (CAN) | $3.46 Billion | 56.77% | 0.63x | $231.86 Million |
| Cricut Inc (CRCT) | $343.56 Million | 22.33% | 0.69x | $304.09 Million |
| Corsair Gaming Inc (CRSR) | $693.98 Million | -0.37% | 0.96x | $842.23 Million |
About BTC Digital Ltd.
BTC Digital Ltd., a crypto asset technology company, engages in bitcoin mining business in the United States. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Singapore.