BTC Digital (BTCT) Price to Book (2021 - 2025)
BTC Digital's (BTCT) quarterly Price to Book came in at 0.33 in Q4 2025, down 8.04% on a YoY basis from 0.36 in Q4 2024, and up 30.23% quarter-over-quarter from 0.26 in Q2 2025.
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BTC Digital (BTCT) Price to Book (2021 - 2025) Analysis & Trends
BTC Digital (BTCT) has reported Price to Book for 5 consecutive years, with 0.33 the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Price to Book fell 8.04% year-over-year to 0.33; the trailing twelve-month figure through Dec 2025 stood at 0.33 (down 8.04% YoY), and the FY2025 full-year result was 0.33, down 8.04% from the prior year.
- Price to Book improved to 0.33 in Q4 2025 per BTCT's latest filing, from 0.26 in the prior quarter.
- Across five years, Price to Book topped out at 14.93 in Q4 2021 and bottomed at 0.13 in Q4 2022.
- Historically, Price to Book has averaged 1.6 across 5 years, with a median of 0.33 in 2025.
- The sharpest annual moves came in 2022 and 2023: Price to Book sank 99.14% in 2022, then jumped 189.19% in 2023.
- Over 5 years, Price to Book stood at 14.93 in 2021, then tumbled by 99.14% to 0.13 in 2022, then surged by 189.19% to 0.37 in 2023, then declined by 2.28% to 0.36 in 2024, then decreased by 8.04% to 0.33 in 2025.
- According to Business Quant data, Price to Book over the past three periods registered 0.33, 0.26, and 0.36 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 | 0.33 |
| Jun 30, 2025 | 0.26 |
| Dec 31, 2024 | 0.36 |
| Sep 30, 2024 | 0.21 |
| Jun 30, 2024 | 0.29 |
| Mar 31, 2024 | 0.45 |
| Dec 31, 2023 | 0.37 |
| Sep 30, 2023 | 0.34 |
| Jun 30, 2023 | 0.26 |
| Mar 31, 2023 | 0.30 |
| Dec 31, 2022 | 0.13 |
| Jun 30, 2022 | 2.57 |
| Dec 31, 2021 | 14.93 |
API Access
BTC Digital Price to Book 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=price-to-book&ticker=BTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=BTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();