BTC Digital (BTCT) Accumulated Expenses (2018 - 2025)
BTC Digital's (BTCT) quarterly Accumulated Expenses came in at $261000.0 in Q4 2025, up 115.7% on a YoY basis from $121000.0 in Q4 2024, and up 243.42% quarter-over-quarter from $76000.0 in Q2 2025.
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Analysis
BTC Digital (BTCT) Accumulated Expenses (2018 - 2025) Analysis & Trends
BTC Digital (BTCT) has reported Accumulated Expenses for 8 consecutive years, with $261000.0 the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Accumulated Expenses rose 115.7% year-over-year to $261000.0; the trailing twelve-month figure through Dec 2025 stood at $261000.0 (up 115.7% YoY), and the FY2025 full-year result was $261000.0, up 115.7% from the prior year.
- Accumulated Expenses rose to $261000.0 in Q4 2025 per BTCT's latest filing, from $76000.0 in the prior quarter.
- Across five years, Accumulated Expenses topped out at $9.1 million in Q2 2021 and bottomed at $50000.0 in Q2 2023.
- Historically, Accumulated Expenses has averaged $3.2 million across 5 years, with a median of $1.2 million in 2021.
- The sharpest annual moves came in 2023 and 2025: Accumulated Expenses tumbled 99.43% in 2023, then jumped 115.7% in 2025.
- Over 5 years, Accumulated Expenses stood at $1.2 million in 2021, then soared by 621.12% to $8.7 million in 2022, then sank by 99.43% to $50000.0 in 2023, then jumped by 142.0% to $121000.0 in 2024, then soared by 115.7% to $261000.0 in 2025.
- According to Business Quant data, Accumulated Expenses over the past three periods registered $261000.0, $76000.0, and $121000.0 for Q4 2025, Q2 2025, and Q4 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.68 Bn | 56.34 Bn | 40.81 Mn |
| 2 | Iren | 35.52 Bn | 27.95 Bn | 103.89 Mn |
| 3 | Hut 8 | 12.16 Bn | 5.68 Bn | 48.04 Mn |
| 4 | Riot Platforms | 8.98 Bn | 8.43 Bn | 84.97 Mn |
| 5 | Argo Blockchain | 5.95 Bn | 5.95 Bn | - |
| 6 | MARA Holdings | 5.06 Bn | 4.70 Bn | - |
| 7 | Cleanspark | 3.72 Bn | 3.51 Bn | - |
| 8 | Bitdeer Technologies | 3.06 Bn | 2.59 Bn | -8.53 Mn |
| 9 | Keel Infrastructure | 2.47 Bn | 2.47 Bn | -86.75 Mn |
| 10 | BTC Digital | 12.28 Mn | 8.53 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 261,000.00 |
| Jun 30, 2025 | 76,000.00 |
| Dec 31, 2024 | 121,000.00 |
| Jun 30, 2023 | 50,000.00 |
| Jun 30, 2022 | 8.72 Mn |
| Dec 31, 2021 | 1.21 Mn |
| Sep 30, 2021 | 2.32 Mn |
| Jun 30, 2021 | 9.14 Mn |
| Mar 31, 2021 | 6.81 Mn |
| Dec 31, 2020 | 10.20 Mn |
| Jun 30, 2020 | 10.79 Mn |
| Mar 31, 2020 | 11.22 Mn |
| Dec 31, 2019 | 6.88 Mn |
| Dec 31, 2018 | 11.35 Mn |
API Access
BTC Digital Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=BTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "BTCT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=BTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();