BTC Holdings
5,457 BTC
180d
Stock Price
$1.91
180d
Total financing
100.00M USD
180d
mNAV
0.49x
180d
Leverage
7.2%
180d
BTC Credit
0 bps>10x
Sats/Share
5,526
180d
Mkt capFD
188.61M USD
SharesFD
98.75M
Fiat reserve
72.00M USD
Total reserve
459.41M USD
Dilution
8.4%
Analytics
BTC Coverage
Financials
US-GAAPAnnualAs of 2025-12-31
Balance Sheet
Total Assets$638.9M
Total Liabilities$218.7M
Stockholders' Equity$420.2M
Cash & Equivalents$45M
Total Debt$235M
Digital Assets$441.8M
Income Statement
Revenue$85K
Operating Income$-8M
Net Income$-29M
Interest Expense$534.1K
Cash Flow
Operating Cash Flow$-7.5M
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| BRR-Dec28 | Dec '25 – Dec '28 | 0% | 235.00M USD | 100.00M USD | 13.00 USD | >10x |
| Total | 100.00M USD | |||||
Recent Changes
Mon, Apr 6, 2026
Shares Outstanding
82.6M→91.1M+8.4M(+10.2%)
8,416,951 shares issued as merger consideration for CFO Silvia (7,516,951 closing + 900,000 escrow)
Form 8-K (CFO Silvia acquisition)Mon, Mar 2, 2026
BTC Holdings
5.0K→5.5K+450 BTC(+9.0%)
ProCap Financial BTC Treasury Tracker
Shares Outstanding
83.4M→82.6M-782.4K(-0.9%)
450 BTC Acquisition & Share Repurchase Program
Mon, Feb 23, 2026
BTC Holdings
5.0K→5.0K+7 BTC(+0.1%)
ProCap Financial BTC Treasury Tracker
Mon, Feb 9, 2026
Shares Outstanding
84.3M→83.4M-904.4K(-1.1%)
Form 8-K (Silvia acquisition & deleveraging)
Debt OutstandingBRR-Dec28
235.0M→100.0M-135.0M(-57.4%)
Form 8-K (Silvia acquisition & deleveraging)
Fiat Reserve
45.0M→72.0M+27.0M(+60.1%)USD
Form 8-K (Silvia acquisition & deleveraging)
Wed, Dec 31, 2025
Shares Outstanding
85.2M→84.3M-839.4K(-1.0%)
Form 10-K (FY 2025)
Fiat Reserve
108.7K→45.0M+44.9M(+41286.3%)USD
Form 10-K (FY 2025)
Wed, Dec 10, 2025
BTC Holdings
5.0K→5.0K+49 BTC(+1.0%)
ProCap Financial BTC Treasury Tracker
Fri, Dec 5, 2025
Debt OutstandingIssuanceBRR-Dec28
235.0M
Form 8-K (Business combination & convertible notes)