BDCIW
BDCIW
BTC Development Corp. WarrantIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2024 | $0 | $33.1K ▲ | $-33.1K ▼ | 0% | $-0 ▼ | $-33.1K ▼ |
| Q3-2024 | $0 | $492 | $-492 | 0% | $0 | $-492 |
What's going well?
There are no positives this quarter – the company has no revenue and costs are out of control.
What's concerning?
The company is burning cash with no sales, and expenses have skyrocketed. Losses have grown massively in just one quarter, raising serious questions about sustainability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $2.89M | $5.66M | $5.78M | $-124.75K |
What's financially strong about this company?
The company has $2.89M in cash, and no formal debt or lease obligations. All assets are tangible and liquid.
What are the financial risks or weaknesses?
Liabilities are double the assets, equity is negative, and all bills are due within a year. The company is at high risk of running out of cash unless it raises new funds quickly.
About BTC Development Corp. Warrant
The warrant is part of the SPAC (special purpose acquisition company) structure; each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2024 | $0 | $33.1K ▲ | $-33.1K ▼ | 0% | $-0 ▼ | $-33.1K ▼ |
| Q3-2024 | $0 | $492 | $-492 | 0% | $0 | $-492 |
What's going well?
There are no positives this quarter – the company has no revenue and costs are out of control.
What's concerning?
The company is burning cash with no sales, and expenses have skyrocketed. Losses have grown massively in just one quarter, raising serious questions about sustainability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $2.89M | $5.66M | $5.78M | $-124.75K |
What's financially strong about this company?
The company has $2.89M in cash, and no formal debt or lease obligations. All assets are tangible and liquid.
What are the financial risks or weaknesses?
Liabilities are double the assets, equity is negative, and all bills are due within a year. The company is at high risk of running out of cash unless it raises new funds quickly.

CEO
Bracebridge Hemyng Young Jr.
Compensation Summary
(Year )
ETFs Holding This Stock
Summary
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Ratings Snapshot
Rating : D+

