BTC Digital (BTCT) Debt Ratio (2018 - 2025)
BTC Digital's (BTCT) quarterly Debt Ratio came in at 0.05 in Q4 2025, up 361.03% on a YoY basis from 0.01 in Q4 2024, and up 361.03% quarter-over-quarter from 0.01 in Q4 2024.
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Analysis
BTC Digital (BTCT) Debt Ratio (2018 - 2025) Analysis & Trends
BTC Digital (BTCT) has reported Debt Ratio for 8 consecutive years, with 0.05 the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Debt Ratio rose 361.03% year-over-year to 0.05; the trailing twelve-month figure through Dec 2025 stood at 0.05 (up 361.03% YoY), and the FY2025 full-year result was 0.05, up 361.03% from the prior year.
- Debt Ratio rose to 0.05 in Q4 2025 per BTCT's latest filing, from 0.01 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.22 in Q4 2022 and bottomed at 0.01 in Q4 2024.
- Historically, Debt Ratio has averaged 0.08 across 5 years, with a median of 0.04 in 2024.
- The sharpest annual moves came in 2022 and 2024: Debt Ratio jumped 438.67% in 2022, then plunged 93.09% in 2024.
- Over 5 years, Debt Ratio stood at 0.04 in 2021, then surged by 438.67% to 0.22 in 2022, then fell by 23.29% to 0.17 in 2023, then slumped by 93.09% to 0.01 in 2024, then surged by 361.03% to 0.05 in 2025.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.05, 0.01, and 0.04 for Q4 2025, Q4 2024, and Q3 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (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 | 0.49 |
| 3 | Hut 8 | 12.16 Bn | 5.68 Bn | 48.04 Mn | 0.77 |
| 4 | Riot Platforms | 8.98 Bn | 8.43 Bn | 84.97 Mn | 0.26 |
| 5 | Argo Blockchain | 5.95 Bn | 5.95 Bn | - | 0.07 |
| 6 | MARA Holdings | 5.06 Bn | 4.70 Bn | - | 0.56 |
| 7 | Cleanspark | 3.72 Bn | 3.51 Bn | - | 0.67 |
| 8 | Bitdeer Technologies | 3.06 Bn | 2.59 Bn | -8.53 Mn | 0.35 |
| 9 | Keel Infrastructure | 2.47 Bn | 2.47 Bn | -86.75 Mn | 0.73 |
| 10 | BTC Digital | 12.28 Mn | 8.53 Mn | - | 0.05 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.05 |
| Dec 31, 2024 | 0.01 |
| Sep 30, 2024 | 0.04 |
| Jun 30, 2024 | 0.04 |
| Mar 31, 2024 | 0.03 |
| Dec 31, 2023 | 0.17 |
| Jun 30, 2023 | 0.02 |
| Dec 31, 2022 | 0.22 |
| Jun 30, 2022 | 0.07 |
| Dec 31, 2021 | 0.04 |
| Sep 30, 2021 | 0.02 |
| Jun 30, 2021 | 0.11 |
| Mar 31, 2021 | 0.19 |
| Dec 31, 2020 | 0.17 |
| Jun 30, 2020 | 0.09 |
| Mar 31, 2020 | 0.07 |
| Dec 31, 2019 | 0.13 |
| Dec 31, 2018 | 0.02 |
API Access
BTC Digital Debt Ratio 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=debt-ratio&ticker=BTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "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=debt-ratio&ticker=BTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();