Fragbite Group AB (publ)
FRAG🇸🇪Leveraged
Fragbite Group is a Swedish corporate group with business areas in Gaming, Esports, and Bitcoin Treasury, listed on Nasdaq First North Growth Market. The company established its Bitcoin Treasury business area in June 2025, funding BTC purchases through interest-free convertible loans and operational cash flow, with a target of 100 BTC by Q2 2027.
BTC Holdings
31.25 BTC
180d
Stock Price
7.40 kr
180d
Total financing
6.00M SEK
180d
mNAV
3.08x
180d
Leverage
0.0%
180d
BTC Credit
0 bps>10x
Sats/Share
366
180d
Mkt capFD
63.19M SEK
SharesFD
8.54M
Fiat reserve
38.13M SEK
Total reserve
58.67M SEK
Dilution
5.7%
Analytics
BTC Coverage
Financials
K3AnnualAs of 2025-12-31
Balance Sheet
Total Assets94.9M kr▼50.9%
Total Liabilities28M kr▼75.0%
Stockholders' Equity66.8M kr▼17.4%
Cash & Equivalents38.1M kr▲305.3%
Total Debt6M kr▼79.4%
Digital Assets33.9M kr▲3548.0%
Income Statement
Revenue143.9M kr▼32.5%
Operating Income-91.4M kr▲35.6%
Net Income6.8M kr▲105.3%
Interest Expense8.8M kr▼78.6%
Cash Flow
Operating Cash Flow-1.3M kr▲84.7%
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| FRAG-Nov30 | Jul '25 – Nov '30 | 0% | 6.00M SEK | 6.00M SEK | 13.00 SEK | >10x |
| Total | 6.00M SEK | |||||
Recent Changes
Wed, Dec 31, 2025
BTC Holdings
28.88→31.25+2.37 BTC(+8.2%)
Year-End Report 2025
Shares Outstanding
7.3M→8.1M+736.8K(+10.0%)
Year-End Report 2025
Debt OutstandingConversionFRAG-Nov28
5.0M→0-5.0M(-100.0%)
Converted via set-off issue in Q4 2025
Year-End Report 2025Fiat Reserve
5.2M→38.1M+32.9M(+626.5%)SEK
Year-End Report 2025
Mon, Nov 17, 2025
Debt OutstandingConversionFRAG-SL-Oct24
5.0M→0-5.0M(-100.0%)
Converted to shares via set-off issue
Insiders Convert Loans into SharesDebt OutstandingConversionFRAG-SL-Jan25
1.3M→0-1.3M(-100.0%)
Remainder converted to shares via set-off issue
Insiders Convert Loans into SharesFri, Oct 24, 2025
BTC Holdings
19.75→28.88+9.13 BTC(+46.2%)
BTC Holdings Tracker