Bitcoin Well Inc (BTCW) - Net Assets
Based on the latest financial reports, Bitcoin Well Inc (BTCW) has net assets worth CA$-3.34 Million CAD (≈ $-2.41 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 (CA$39.68 Million ≈ $28.71 Million USD) and total liabilities (CA$43.02 Million ≈ $31.12 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Bitcoin Well Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-3.34 Million |
| % of Total Assets | -8.41% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Bitcoin Well Inc - Net Assets Trend (2019–2024)
This chart illustrates how Bitcoin Well Inc's net assets have evolved over time, based on quarterly financial data. Also explore how large is Bitcoin Well Inc's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Bitcoin Well Inc (2019–2024)
The table below shows the annual net assets of Bitcoin Well Inc from 2019 to 2024. For live valuation and market cap data, see market cap of Bitcoin Well Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-12.99 Million ≈ $-9.40 Million |
-42.00% |
| 2023-12-31 | CA$-9.15 Million ≈ $-6.62 Million |
-56.91% |
| 2022-12-31 | CA$-5.83 Million ≈ $-4.22 Million |
-197.36% |
| 2021-12-31 | CA$5.99 Million ≈ $4.33 Million |
+786.73% |
| 2020-12-31 | CA$-872.20K ≈ $-630.93K |
-380.63% |
| 2019-12-31 | CA$-181.47K ≈ $-131.27K |
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Equity Component Analysis
This analysis shows how different components contribute to Bitcoin Well 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 5231352900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$39.50 Million | % |
| Total Equity | CA$-12.99 Million | 100.00% |
Bitcoin Well Inc Competitors by Market Cap
The table below lists competitors of Bitcoin Well Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
bet-at-home.com AG
F:ACX
|
$17.94 Million |
|
Volt Power Group Ltd
AU:VPR
|
$17.95 Million |
|
Hansol Inticube Co. Ltd
KQ:070590
|
$17.95 Million |
|
A Rank Bhd
KLSE:7214
|
$17.95 Million |
|
Clarkson
LSE:CKN
|
$17.93 Million |
|
DigiCAP Co. Ltd
KQ:197140
|
$17.92 Million |
|
Aiptek International Inc
TW:6225
|
$17.91 Million |
|
Ihlas Ev Aletleri Imalat Sanayi ve Ticaret AS
IS:IHEVA
|
$17.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bitcoin Well Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -9,150,586 to -12,993,531, a change of -3,842,945.
- Net loss of 17,777,117 reduced equity.
- New share issuances of 1,983,370 increased equity.
- Other factors increased equity by 11,950,802.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-17.78 Million | -136.82% |
| Share Issuances | CA$1.98 Million | +15.26% |
| Other Changes | CA$11.95 Million | +91.98% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Bitcoin Well 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$0.00 | CA$0.07 | x |
| 2020-12-31 | CA$-0.01 | CA$0.07 | x |
| 2021-12-31 | CA$0.03 | CA$0.07 | x |
| 2022-12-31 | CA$-0.03 | CA$0.07 | x |
| 2023-12-31 | CA$-0.05 | CA$0.07 | x |
| 2024-12-31 | CA$-0.06 | CA$0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bitcoin Well 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.64%
- • Asset Turnover: 3.23x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-37.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.81% | 6.41x | 0.00x | CA$135.56K |
| 2020 | 0.00% | -5.28% | 4.29x | 0.00x | CA$-2.66 Million |
| 2021 | -227.11% | -13.66% | 4.23x | 3.93x | CA$-14.20 Million |
| 2022 | 0.00% | -8.98% | 4.76x | 0.00x | CA$-5.41 Million |
| 2023 | 0.00% | -22.05% | 3.66x | 0.00x | CA$-11.11 Million |
| 2024 | 0.00% | -19.64% | 3.23x | 0.00x | CA$-16.48 Million |
Industry Comparison
This section compares Bitcoin Well Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $106,398,572
- Average return on equity (ROE) among peers: -365.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bitcoin Well Inc (BTCW) | CA$-3.34 Million | 0.00% | N/A | $17.93 Million |
| BlockMint Technologies Inc (BKMT) | $1.62 Million | -9.68% | 0.02x | $1.40 Million |
| Cathedra Bitcoin Inc (CBIT) | $11.51 Million | -98.68% | 0.02x | $1.91 Million |
| Canaccord Genuity Group Inc (CF) | $756.89 Million | 13.18% | 5.73x | $878.22 Million |
| CryptoStar Corp (CSTR) | $3.68 Million | -124.73% | 1.05x | $2.12 Million |
| Currency Exchange International Corp (CXI) | $62.72 Million | 6.74% | 0.17x | $110.89 Million |
| DeFi Technologies Inc. (DEFI) | $341.77K | -2865.66% | 4.70x | $295.89 Million |
| DelphX Capital Markets Inc (DELX) | $142.51K | -119.24% | 0.31x | $4.64 Million |
| Digihost Technology Inc (DGHI) | $29.25 Million | -74.83% | 0.44x | $48.56 Million |
| Dmg Blockchain Solutions Inc (DMGI) | $91.43 Million | -18.57% | 0.06x | $44.04 Million |
About Bitcoin Well Inc
Bitcoin Well Inc. provides bitcoin and other cryptocurrency services in Canada. It operates through two segments, Bitcoin Automated Teller Machines (ATMs) and Online. The company is involved in the facilitating the online purchase and sale of bitcoin; and owning and operating ATMs for bitcoin, related ATM equipment, and all associated services. It also offers an online portal for individuals to b… Read more