BTC Digital (BTCT) Invested Capital (2018 - 2025)
BTC Digital's (BTCT) quarterly Invested Capital came in at $39.3 million in Q4 2025, down 2.65% on a YoY basis from $40.4 million in Q4 2024, and down 2.65% quarter-over-quarter from $40.4 million in Q4 2024.
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Analysis
BTC Digital (BTCT) Invested Capital (2018 - 2025) Analysis & Trends
BTC Digital (BTCT) has reported Invested Capital for 8 consecutive years, with $39.3 million the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Invested Capital fell 2.65% year-over-year to $39.3 million; the trailing twelve-month figure through Dec 2025 stood at $39.3 million (down 2.65% YoY), and the FY2025 full-year result was $39.3 million, down 2.65% from the prior year.
- Invested Capital declined to $39.3 million in Q4 2025 per BTCT's latest filing, from $40.4 million in the prior quarter.
- Across five years, Invested Capital topped out at $40.4 million in Q4 2024 and bottomed at -$17.6 million in Q2 2021.
- Historically, Invested Capital has averaged $19.5 million across 5 years, with a median of $20.9 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Invested Capital surged 158.79% in 2022, then decreased 6.38% in 2023.
- Over 5 years, Invested Capital stood at $11.4 million in 2021, then soared by 120.75% to $25.2 million in 2022, then fell by 6.38% to $23.6 million in 2023, then soared by 71.02% to $40.4 million in 2024, then slipped by 2.65% to $39.3 million in 2025.
- According to Business Quant data, Invested Capital over the past three periods registered $39.3 million, $40.4 million, and $21.5 million for Q4 2025, Q4 2024, and Q3 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (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 | 11.95 Bn |
| 3 | Hut 8 | 12.16 Bn | 5.68 Bn | 48.04 Mn | 9.39 Bn |
| 4 | Riot Platforms | 8.98 Bn | 8.43 Bn | 84.97 Mn | 3.04 Bn |
| 5 | Argo Blockchain | 5.95 Bn | 5.95 Bn | - | 14.50 Mn |
| 6 | MARA Holdings | 5.06 Bn | 4.70 Bn | - | 4.09 Bn |
| 7 | Cleanspark | 3.72 Bn | 3.51 Bn | - | 2.58 Bn |
| 8 | Bitdeer Technologies | 3.06 Bn | 2.59 Bn | -8.53 Mn | 2.31 Bn |
| 9 | Keel Infrastructure | 2.47 Bn | 2.47 Bn | -86.75 Mn | 1.36 Bn |
| 10 | BTC Digital | 12.28 Mn | 8.53 Mn | - | 39.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 39.33 Mn |
| Dec 31, 2024 | 40.40 Mn |
| Sep 30, 2024 | 21.52 Mn |
| Jun 30, 2024 | 20.61 Mn |
| Mar 31, 2024 | 20.91 Mn |
| Dec 31, 2023 | 23.62 Mn |
| Jun 30, 2023 | 18.76 Mn |
| Dec 31, 2022 | 25.23 Mn |
| Jun 30, 2022 | 10.32 Mn |
| Dec 31, 2021 | 11.43 Mn |
| Jun 30, 2021 | -17.55 Mn |
| Dec 31, 2020 | -26.93 Mn |
| Jun 30, 2020 | -16.69 Mn |
| Mar 31, 2020 | -30.04 Mn |
| Dec 31, 2019 | -8.35 Mn |
| Dec 31, 2018 | 75.22 Mn |
API Access
BTC Digital Invested Capital 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=invested-capital&ticker=BTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=BTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();