BTCS vs BLSH vs CYPH Stock Comparison

Btcs, Bullish and Cypherpunk Technologies Prices as of Oct 27, 2026 Peers: Industry group
BTCS BTCS Inc.
$1.09 -28.8% 1M -73.4% 1Y
Market cap
$55.00M
P/E
–
Revenue (TTM)
$17.25M
Div. yield
–
Blockchain Infrastructure Technology
3 wins
BLSH Bullish
$28.97 -22.9% 1M -48.6% 1Y
Market cap
$3.63B
P/E
–
Revenue (TTM)
$190.34B
Div. yield
–
Blockchain Infrastructure Technology
3 wins

Head to Head

8 decided of 12

Bullish leads on 3 of the 12 questions below (Bullish 3, Btcs 3, Cypherpunk Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBTCSBLSHCYPHLeader
Larger companyMarket capitalisation $55.00M $3.63B $588.01M BLSH
Cheaper on earningsLower P/E, profitable companies only -1.1x -2.6x 9.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 54.5x 69.0x — BTCS
Faster revenue growthRevenue growth, trailing twelve months +129.2% -26.5% — BTCS
More profitableNet margin, trailing twelve months -295.6% -0.7% — BLSH
Better return on capitalReturn on invested capital — -4.8% — –
Less leveragedLower net debt / EBITDA — 2.6x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -73.4% -48.6% +538.8% CYPH
Better 5-year returnAnnualised price return, 5 years -30.0%/yr — -35.6%/yr BTCS
Less volatileAnnualised volatility, 1 year 85.5% 73.1% 233.2% BLSH
Higher overall scoreMean of the five percentile scores vs peers 29/100 63/100 69/100 CYPH

Percentile Scorecard

BTCSBLSHCYPH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBTCSBLSHCYPH
Valuation 36 #64 of 99 76 #25 of 99 52 #48 of 99
Growth 37 #60 of 94 33 #63 of 94 90 #10 of 94
Profitability 26 #67 of 90 47 #48 of 90 88 #12 of 90
Financial Health 16 #88 of 105 95 #6 of 105 89 #12 of 105
Shareholder Returns – – 25 #46 of 61
Overall 29 63 69
  • BTCS ranked among 109 companies in Fintech
  • BLSH ranked among 109 companies in Fintech
  • CYPH ranked among 109 companies in Fintech

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBTCSBLSHCYPHSPY
1 month -28.8%-22.9%-24.0% -0.2%
3 months +4.8%+27.8%+413.1% +3.9%
6 months -42.9%-27.2%+247.8% +8.2%
Year to date -58.7%-23.5%+169.8% +12.9%
1 year -73.4%-48.6%+538.8% +12.3%
3 years +18.5%—+123.6% +87.4%
3 years, per year +5.8%—+30.8% +23.3%
5 years -83.2%—-88.9% +67.9%
5 years, per year -30.0%—-35.6% +10.9%
10 years -92.4%—— +261.1%
10 years, per year -22.8%—— +13.7%

Risk

MeasureBTCSBLSHCYPHSPY
Volatility, 1Y 85.5%73.1%233.2% 12.7%
Downside volatility, 1Y 88.9%70.7%168.6% 12.7%
Beta vs S&P 500, 1Y 3.522.734.86 1.00
Return / volatility, 1Y -0.86-0.662.31 0.97
Max drawdown, 5Y -92.9%-70.8%-99.3% -25.4%
From 52-week high -73.4%-48.6%-24.0% -1.2%
52-week high $4.10$56.31$4.12 $779.14
52-week low $0.98$21.79$0.41 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBTCSBLSHCYPH
P/E now vs peer median -1.1xmedian 20.0x -2.7xmedian 20.0x 9.7xmedian 20.0x
P/S now vs peer median 3.1xmedian 2.3x 0.0xmedian 2.3x —median 2.3x
EV/EBITDA now vs peer median —median 17.5x -34.3xmedian 17.5x —median 17.5x
P/FCF now vs peer median -6.9xmedian 15.9x 38.4xmedian 15.9x —median 15.9x
P/B now vs peer median 1.4xmedian 2.0x 1.8xmedian 2.0x 4.1xmedian 2.0x
PEG now vs peer median 0.01median 1.03 —median 1.03 0.36median 1.03

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBTCSBLSHCYPH
Revenue $17.25M $190.34B –
Gross profit $3.38M $71.94M –
Operating income -$51.44M -$124.59M -$29.84M
Net income -$50.99M -$1.43B $59.65M
Free cash flow -$7.91M $113.88M –
R&D $552.24K – $12.96M
EPS (diluted) $-1.02 $-10.84 $0.27
Cash & equivalents $262.44K $86.61M $7.62M
Total debt $164.18M $11.00K –
Shares (diluted) 49.78M 127.72M 217.34M
Enterprise value $48.09M -$1.19B $538.53M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBTCSBLSHCYPH
P/E -1.1x -2.7x 9.7x
P/FCF -6.9x 38.4x –
P/Operating cash flow -6.9x 35.5x –
P/S 3.1x 0.0x –
P/B 1.4x 1.8x 4.1x
P/Tangible book 1.6x 1.8x 58.1x
EV/EBITDA – -34.3x –
EV/EBIT -1.9x -32.6x -19.1x
EV/Revenue 5.6x 0.0x –
EV/FCF -12.2x 35.6x –
EV/Operating cash flow -12.2x 33.0x –
PEG (3Y EPS CAGR) 0.01 – 0.36

Growth

14 metrics
MetricBTCSBLSHCYPH
Revenue growth (1Y) 129.2% -26.5% –
Revenue CAGR (3Y) 136.0% – –
Gross profit growth (1Y) 1,006% -17.9% –
Gross profit CAGR (3Y) 54.2% – –
Operating income growth (1Y) -2,905% -57.2% 55.3%
Operating income CAGR (3Y) -108.0% – 29.9%
Net income growth (1Y) -152.6% -858.6% 190.8%
Net income CAGR (3Y) -240.5% – 39.6%
EPS growth (1Y) -41.8% -755.9% 117.3%
EPS CAGR (3Y) -131.8% – 27.0%
Operating cash flow growth (1Y) -55.9% 190.7% –
Operating cash flow CAGR (3Y) -31.5% – –
Free cash flow growth (1Y) -56.0% 171.4% –
Free cash flow CAGR (3Y) -31.6% – –

Profitability

14 metrics
MetricBTCSBLSHCYPH
Gross margin 19.6% 0.0% –
EBITDA margin – -0.1% –
Operating margin -298.2% -0.1% –
Pretax margin -327.9% -0.8% –
Net margin -295.6% -0.7% –
FCF margin -45.9% 0.1% –
Operating cash flow margin -45.8% 0.1% –
Return on equity -63.4% -55.4% 40.7%
Return on assets -37.2% -44.5% 39.0%
Return on invested capital – -4.8% –
Return on capital employed -47.2% -4.0% -19.7%
Asset turnover 0.1x 59.3x –
Cash conversion (OCF / net income) 0.2x -0.1x –
Stock comp / revenue 6.6% 0.0% –

Financial Health

11 metrics
MetricBTCSBLSHCYPH
Debt / assets 47.3% 0.0% –
Debt / equity 1.1x 0.0x –
Net debt / EBITDA – 2.6x –
Debt / FCF -5.3x 0.0x –
Liabilities / assets 56.5% 20.6% 2.6%
Equity / assets 43.5% 79.4% 97.4%
Interest coverage -10.0x -2.2x -1,243x
Current ratio 2.1x 23.5x 79.2x
Quick ratio 0.0x 2.5x 4.4x
Cash ratio 0.0x 2.5x 4.4x
Altman Z-score -4.80 65.13 –

Shareholder Returns

7 metrics
MetricBTCSBLSHCYPH
Dividend yield – – –
Net buyback yield – – -3.3%
Shareholder yield 0.0% – -3.3%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBTCSBLSHCYPH
Forward P/E 54.5xFY2026 69.0xFY2026 –
EPS, next fiscal year $0.02FY2026 $0.42FY2026 $0.00FY2026
EPS growth, next FY – +40.0%FY2026 -100.0%FY2026
EPS growth, the year after -14,200.0% +95.2% –
Revenue, next fiscal year $20.63MFY2026 $364.64MFY2026 $0.00FY2025
Revenue growth, next FY +25.1%FY2026 +26.4%FY2026 –
Revenue growth, the year after +96.4% +5.7% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBTCSBLSHCYPH
Held by institutions 16.4% 32.8% 8.1%
Institutions holding 53 175 47
Change in shares held, QoQ -21.8% +7.8% +103.3%
Institutions buying 27 87 30
Institutions selling 17 70 6
Buyers to sellers 1.59 1.24 5.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BTCSBLSHCYPH
BTCS 1.00 0.59 0.35
BLSH 0.59 1.00 0.26
CYPH 0.35 0.26 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, BTCS, BLSH and CYPH?

Bullish (BLSH) is the largest by market capitalisation: Btcs (BTCS) $55.00M, Bullish (BLSH) $3.63B, Cypherpunk Technologies (CYPH) $588.01M.

Which company is growing faster?

Btcs (BTCS) grew revenue fastest over the trailing twelve months: Btcs (BTCS) +129.2%, Bullish (BLSH) -26.5%.

Which company is more profitable?

Bullish (BLSH) has the highest net margin (Btcs (BTCS) -295.6%, Bullish (BLSH) -0.7%).

Which stock has performed better?

Over the past year Cypherpunk Technologies (CYPH) returned the most: Btcs (BTCS) -73.4%, Bullish (BLSH) -48.6%, Cypherpunk Technologies (CYPH) +538.8%. Over five years, Btcs (BTCS) compounded fastest (Btcs (BTCS) -30.0%/yr, Cypherpunk Technologies (CYPH) -35.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bullish (BLSH) has been the steadiest (Btcs (BTCS) 85.5%, Bullish (BLSH) 73.1%, Cypherpunk Technologies (CYPH) 233.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BTCS, BLSH and CYPH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bullish (BLSH) leads on 3. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.