3U Holding AG
UUU🇩🇪Reserve
German holding company operating in telecommunications, renewable energies, and HVAC technology. Began accumulating Bitcoin in 2025 as a treasury diversification strategy, deploying surplus cash into BTC.
BTC Holdings
427.1 BTC
180d
Stock Price
€1.04
180d
Total financing
44.50M EUR
180d
mNAV
1.35x
180d
Leverage
123.3%
180d
BTC Credit
0 bps0.8x
Sats/Share
1,268
180d
Mkt cap
35.04M EUR
Shares
33.69M
Fiat reserve
12.54M EUR
Total reserve
38.46M EUR
Dilution
0.0%
Coverage
213.3 yr
BTC mix
0%
Analytics
BTC Coverage
Financials
IFRSAnnualAs of 2025-12-31
Balance Sheet
Total Assets€158.6M▲25.0%
Total Liabilities€79.7M▲103.9%
Stockholders' Equity€78.9M▼10.1%
Cash & Equivalents€12.5M▼70.6%
Total Debt€61.6M▲114.8%
Digital Assets€31.8M
Income Statement
Revenue€53M▼7.5%
Operating Income€-8M▼804.4%
Net Income€-8.9M▼1316.2%
Interest Expense€971K▲70.4%
Cash Flow
Operating Cash Flow€-4.6M▼177.2%
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | BTC Rating |
|---|---|---|---|---|---|
| UUU-Würz29 | Aug '24 – Jul '29 | 4.05% | 3.00M EUR | 3.00M EUR | >10x |
| UUU-KfW | Oct '23 – … | — | 4.74M EUR | 4.74M EUR | >10x |
| UUU-Lang | Sep '24 – … | — | 76.51M EUR | 36.76M EUR | — |
| Total | 44.50M EUR | ||||
Recent Changes
Wed, Dec 31, 2025
Debt OutstandingDrawUUU-KfW
4.7M→4.7M+81.0K(+1.7%)
Fully drawn (facility ceiling: EUR 4,739K)
Annual Report 2025 (Geschäftsbericht 2025)Debt OutstandingDrawUUU-Lang
4.3M→36.8M+32.5M(+758.6%)
Drawn of EUR 76,510K framework
Annual Report 2025 (Geschäftsbericht 2025)Fiat Reserve
19.9M→12.5M-7.4M(-37.0%)EUR
Annual Report 2025 (Geschäftsbericht 2025)
Thu, Nov 27, 2025
BTC Holdings
413.9→427.1+13.2 BTC(+3.2%)
BTC Holdings Tracker
Mon, Nov 24, 2025
BTC Holdings
400→413.9+13.9 BTC(+3.5%)
BTC Holdings Tracker
Fri, Nov 21, 2025
BTC Holdings
386.9→400+13.1 BTC(+3.4%)
BTC Holdings Tracker
Wed, Nov 19, 2025
BTC Holdings
358.3→386.9+28.6 BTC(+8.0%)
BTC Holdings Tracker