BTC Digital (BTCT) Tax Rate (2018 - 2021)
BTC Digital's (BTCT) quarterly Tax Rate came in at 2.19% in Q2 2021, down 535.0% on a YoY basis from 0.5% in Q2 2020, and down 136.38% quarter-over-quarter from 6.01% in Q1 2021.
Powered by 
Analysis
BTC Digital (BTCT) Tax Rate (2018 - 2021) Analysis & Trends
BTC Digital (BTCT) has reported Tax Rate for 4 consecutive years, with 2.19% the latest figure, recorded in Q2 2021.
- For the quarter ending Q2 2021, Tax Rate fell 535.0% year-over-year to 2.19%; the trailing twelve-month figure through Jun 2021 stood at 1.53% (down 776.0% YoY), and the FY2025 full-year result was 100.0%, changed 0.0% from the prior year.
- Tax Rate retreated to 2.19% in Q2 2021 per BTCT's latest filing, from 6.01% in the prior quarter.
- Across five years, Tax Rate topped out at 17.58% in Q4 2018 and bottomed at 20.78% in Q3 2019.
- Historically, Tax Rate has averaged 0.75% across 4 years, with a median of 0.16% in 2020.
- The sharpest annual moves came in 2019 and 2020: Tax Rate tumbled 1296 bps in 2019, then soared 1340 bps in 2020.
- Over 4 years, Tax Rate stood at 17.58% in 2018, then tumbled by 74 bps to 4.62% in 2019, then sank by 41 bps to 2.71% in 2020, then plunged by 181 bps to 2.19% in 2021.
- According to Business Quant data, Tax Rate over the past three periods registered 2.19%, 6.01%, and 2.71% for Q2 2021, Q1 2021, and Q4 2020 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (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 | 1.16% |
| 3 | Hut 8 | 12.16 Bn | 5.68 Bn | 48.04 Mn | 15.10% |
| 4 | Riot Platforms | 8.98 Bn | 8.43 Bn | 84.97 Mn | 0.04% |
| 5 | Argo Blockchain | 5.95 Bn | 5.95 Bn | - | - |
| 6 | MARA Holdings | 5.06 Bn | 4.70 Bn | - | -0.09% |
| 7 | Cleanspark | 3.72 Bn | 3.51 Bn | - | 1.22% |
| 8 | Bitdeer Technologies | 3.06 Bn | 2.59 Bn | -8.53 Mn | -11.44% |
| 9 | Keel Infrastructure | 2.47 Bn | 2.47 Bn | -86.75 Mn | -0.03% |
| 10 | BTC Digital | 12.28 Mn | 8.53 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2021 | -2.19% |
| Mar 31, 2021 | 6.01% |
| Dec 31, 2020 | 2.71% |
| Aug 31, 2020 | 0.16% |
| Jun 30, 2020 | 3.16% |
| Mar 31, 2020 | -2.44% |
| Dec 31, 2019 | 4.62% |
| Sep 30, 2019 | -20.78% |
| Jun 30, 2019 | -1.27% |
| Mar 31, 2019 | -15.84% |
| Dec 31, 2018 | 17.58% |
API Access
BTC Digital Tax Rate 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=tax-rate&ticker=BTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=BTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();