Bit Origin (BTOG) Convertible Debt (2021 - 2025)

Bit Origin (BTOG) posted Convertible Debt of $14.4 million for Q4 2025, up 264.9% on a QoQ basis from $4.0 million in Q4 2024, and up 264.9% year-over-year from $4.0 million in Q4 2024.

Bit Origin (BTOG) Convertible Debt (2021 - 2025) Analysis & Trends

Bit Origin's Convertible Debt history runs 5 years deep, the most recent figure standing at $14.4 million for Q4 2025.

  • Quarterly Convertible Debt rose 264.9% year-over-year to $14.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $14.4 million (up 264.9% YoY) and the FY2024 annual result came in at $3.3 million, up 326.23% from the prior year.
  • Convertible Debt was $14.4 million for Q4 2025 at Bit Origin, up from $4.0 million in the prior quarter.
  • Across five years, Convertible Debt topped out at $1902.0 billion in Q4 2022 and bottomed at $770467.0 in Q2 2023.
  • A 5-year average of $562.8 billion and a median of $9.2 million in 2024 frame the typical range for Convertible Debt.
  • Annual changes were most pronounced in 2023 — Convertible Debt slumped 100.0% — and 2024, when it soared 326.23%.
  • Bit Origin's Convertible Debt stood at $1300.0 billion in 2021, then jumped by 46.31% to $1902.0 billion in 2022, then slumped by 100.0% to $2.9 million in 2023, then jumped by 37.44% to $4.0 million in 2024, then surged by 264.9% to $14.4 million in 2025.
  • Business Quant data shows BTOG's Convertible Debt at $14.4 million in Q4 2025, $4.0 million in Q4 2024, and $3.3 million in Q2 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Bit Origin 1,110.84 Bn 1,110.84 Bn -
2 S&P Global 130.72 Bn 128.91 Bn 2.94 Bn
3 Cme 92.16 Bn 92.16 Bn 1.65 Bn
4 Moodys 84.72 Bn 83.22 Bn 1.67 Bn
5 Intercontinental Exchange 84.12 Bn 82.38 Bn -
6 Nasdaq 53.10 Bn 52.38 Bn 1.50 Bn
7 Coinbase Global 44.25 Bn 33.81 Bn 1.33 Bn
8 Msci 41.65 Bn 41.29 Bn 717.10 Mn
9 Cboe Global Markets 30.13 Bn 27.96 Bn 728.90 Mn
10 TransUnion 14.77 Bn 14.04 Bn 726.20 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 14.43 Mn
Dec 31, 2024 3.96 Mn
Jun 30, 2024 3.28 Mn
Dec 31, 2023 2.88 Mn
Jun 30, 2023 770,467.00
Dec 31, 2022 1,902.05 Bn
Dec 31, 2021 1,300.00 Bn
Jun 30, 2021 1,300.00 Bn