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Stock Ratings / Financials / BTCT
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BTC Digital Ltd. (BTCT) — RQD Stock Rating Cockpit

$0.68 +0.91% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $0.68

BTC Digital Ltd. (BTCT) carries a Roarable Rating of E (Strong Sell) with 23/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $7.9M
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on BTCT Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is BTCT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
▼

As of 2026-11-03, BTC Digital Ltd. (NASDAQ: BTCT) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 23/100 at a spot price of $0.68 (+0.91% 1D, market cap $7.9M). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 5/20, FRED Macro Regime Fit 7/20, and Executive Insider Alignment 3/20. Across 1097 tracked Financials issuers, BTCT ranks #1078 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does BTCT compare to MDBH and ICMB in the Financials sector?
▼

Within the Financials sector (Finance: Consumer Services), BTCT carries a Roarable E (23/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -18.9%. By comparison, MDBH (MDB Capital Holdings LLC Class A common) holds a D- grade (38/100 RQD, P/E N/A, ROIC 8.2%, cap $9.2M) and ICMB (Investcorp Credit Management BDC Inc.) posts a D- grade (40/100 RQD, P/E N/A, ROIC -14.9%, cap $10.3M). Among the 5-stock peer group, BTCT leads on earnings multiple (N/A) while MDBH leads on capital efficiency (8.2% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for BTCT?
▼

Per BTCT's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001796514), BTC Digital Ltd. generated $14.0M in revenue (+20.3% YoY), -$9.1M in net income, and -$13.8M in free cash flow against $39.9M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $0.68 (-0.03%)🧬 Dilution Drag (+1.28% YoY Shares)⚙️ Cash Engine: 5/20 (E) • 0% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (23/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-11.1% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERRED ALERT • E
025507510023
3-of-3 Quant Analysts Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw E · Rk E
Cash (5)Whales (3)SEC (5)Macro (7)CEO (3)
Each axis scored 0–20
12M PRICE TARGET CONE-16.2% Base Target
$3 Bull$1 Base$0 Bear
📬 FREE BTCT RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for BTCT)Realized 20D OHLCV Swing Band: ±12.5%
Deterministic 5-Pillar Attribution (23/100 Composite)
🔍 WHY BTCT SCORES 23/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Macro Regime Fit+7/20 pts (30% of score)

FRED Regime × Technicals: 11% of 52W Range • RSI-14 at 34.9 (NEUTRAL RANGE)

▲ #2 Bullish Driver: Cash Engine Quality+5/20 pts (22% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+1.28% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
31
Grade E$0.82-7.3% Next Q
Q2 (-2Q)
28
Grade E$0.76-2.6% Next Q
Q3 (-1Q)
26
Grade E$0.74-8.1% Next Q
Current
23
Grade E$0.68-11.1% Hist 90D α
Trajectory: E (31) → E (23)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a BTCT Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While BTCT currently carries a cautious 23/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Financials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($1.19) and Max Pain ($0.71) forces dealer call-delta covering toward $2.89.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.28% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $BTCT• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “BTCT Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 23%NO 77%Trade / Inspect Odds →
RSI-14 MOMENTUMNEUTRAL RANGE
34.930 Oversold · 70 Hot
ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)
3.80>3.0 Fortress Safe
PIOTROSKI F-SCOREWEAK QUALITY (1–4)
3 / 99-Pt Accounting
52-WEEK LASER RANGE11% OF RANGE
L: $0$0.68H: $3
1. Money & Cash Health● WEAK
Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: ERQD 5 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: ERQD 6 / 40
3. Hidden Risks & Market Weather● WARNING
SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: ERQD 12 / 40
MULTI-MODEL QUANT PANEL DELIBERATION

3-of-3 Quant Analysts Bearish Warning on BTCT

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
BEARISH (25)

-18.9% ROIC with 42.0% gross margin and 2.80% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
BEARISH (25)

Altman-Z 4.20 and Piotroski 3/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (22)

6/40 institutional & smart-money positioning score with 7/20 macro alignment.

Bull Case: Why Buyers Like BTCT
  • ✓Established market leader in Financials with deep daily trading liquidity.
Bear Case: What Could Go Wrong
  • !Company executives have done more routine share selling than personal cash buying lately.
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
  • !Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring BTCT)

  • ✓Walkthrough of BTCT's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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BTCT // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -47.69%🛡️ HOLDING TREND SUPPORT
2026-11-03O $0.71H $0.71L $0.67C $0.68VOL 458.8K
RES: $3.70SUP: $0.67SMA50: $1.19SMA200: $1.13
$2.91$2.24$1.57$0.89$0.22RES $3.70SUP $0.67$0.682026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BTCT Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 BTCT Butterfly Map → + Track BTCT →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. +20.3% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on BTCT today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for BTCT. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for BTCT today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (BTCT)

Financials Rank #1078 of 1097 ⚔️ MDBH vs BTCT Full Matrix →

1. Head-to-Head Financials Peer Comparison (BTCT vs. MDBH, ICMB, ALP, NCPL)

Industry: Finance: Consumer Services (156 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, BTC Digital Ltd. (BTCT) ranks #1078 by composite RQD confidence (23/100, grade E) and #1078 by equity capitalization ($7.9M). Within this direct 5-issuer industry benchmark cohort, BTCT leads on earnings valuation at N/A trailing P/E, while MDBH leads on capital efficiency and profitability with 8.2% ROIC and — gross margin. NCPL currently holds the highest overall quantitative score in the immediate peer group at 61/100 (C-) compared with BTCT at 23/100 (E).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
BTCT ACTIVE
BTC Digital Ltd.
E 23/100 — — -18.9% +0.91% $7.9M Benchmark Subject
MDBH
MDB Capital Holdings LLC Class A common
D- 38/100 — — 8.2% -27.06% $9.2M /mdbh-vs-btct →
ICMB
Investcorp Credit Management BDC Inc.
D- 40/100 — — -14.9% -6.99% $10.3M /icmb-vs-btct →
ALP
Alpha Compute Corp
D 46/100 — — — 0.00% $5.1M /alp-vs-btct →
NCPL
Netcapital Inc.
C- 61/100 — — — -1.26% $12.7M /ncpl-vs-btct →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001796514 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), BTC Digital Ltd. (BTCT) reported GAAP revenue of $14.0M (+20.3% vs. FY2024 revenue of $11.7M , and +54.8% cumulative change since FY2023) , GAAP net income of -$9.1M, operating cash flow of -$5.3M, and free cash flow of -$13.8M (-1060.7% YoY). On the balance sheet, BTCT closed FY2025 with $39.9M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 3/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $14.0M -$9.1M -$5.3M -$13.8M $39.9M —
FY2024 (FY) 2024-12-31 $11.7M -$2.0M $1.6M -$1.2M $41.1M —
FY2023 (FY) 2023-12-31 $9.1M -$2.8M $3.8M $3.8M — —

3. BTCT Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is BTCT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, BTC Digital Ltd. (NASDAQ: BTCT) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 23/100 at a spot price of $0.68 (+0.91% 1D, market cap $7.9M). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 5/20, FRED Macro Regime Fit 7/20, and Executive Insider Alignment 3/20. Across 1097 tracked Financials issuers, BTCT ranks #1078 in composite RQD confidence.

How does BTCT compare to MDBH and ICMB in the Financials sector?

Within the Financials sector (Finance: Consumer Services), BTCT carries a Roarable E (23/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -18.9%. By comparison, MDBH (MDB Capital Holdings LLC Class A common) holds a D- grade (38/100 RQD, P/E N/A, ROIC 8.2%, cap $9.2M) and ICMB (Investcorp Credit Management BDC Inc.) posts a D- grade (40/100 RQD, P/E N/A, ROIC -14.9%, cap $10.3M). Among the 5-stock peer group, BTCT leads on earnings multiple (N/A) while MDBH leads on capital efficiency (8.2% ROIC).

What are the biggest fundamental strengths and SEC risk factors for BTCT?

Per BTCT's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001796514), BTC Digital Ltd. generated $14.0M in revenue (+20.3% YoY), -$9.1M in net income, and -$13.8M in free cash flow against $39.9M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is BTCT trading relative to its 50-day, 200-day, and 52-week technical levels?

BTCT last traded at $0.68 (+0.91% on volume of 273,446 shares), positioning the stock -42.86% below its 50-day simple moving average ($1.19) and -39.82% below its 200-day simple moving average ($1.13). Across its 52-week range of $0.43 to $2.75, BTCT sits at the 10.8% percentile with a 14-day RSI of 34.9 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($1.00 to $0.77).

Direct Sub-Reports: BTCT RQD Cockpit BTCT 12M Forecast BTCT Earnings & Move BTCT Dividends & DRIP BTCT Insiders & 13F BTCT Whale Options BTCT Profit Sankey BTCT News & Why
ROARABLE RATING BRIEF • RQD 23/100 (E) ✓ SEC XBRL & RQD VERIFIED

BTCT — BTC Digital Ltd.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

BTC Digital Ltd. (BTCT) earns a live Roarable RQD composite score of 23/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $0.68 (+0.91% 1D, market capitalization $7.9M).

  • Fundamental Cash Engine (5/20): Anchored by return on invested capital (ROIC) of -18.9%, gross margin of —, operating margin of -60.0%, and free cash flow yield of —.
  • Whale 13F & Options Flow (3/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (7/20) + Forensic Balance Sheet (5/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 3/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

BTC Digital Ltd. (BTCT) is a NASDAQ-listed operating company in the Finance: Consumer Services industry (Financials sector) with an equity market capitalization of $7.9M. The business operates with a gross margin of 0%, an operating margin of -60%, and a return on invested capital (ROIC) of -18.9% (free cash flow yield of 0%). Within the Finance: Consumer Services peer group, investor evaluation centers on operating leverage, unit margin durability, and capital allocation efficiency across market cycles.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), BTC Digital Ltd. (BTCT) reported $14.0M in annual revenue (up from $11.7M in FY2024, +20.3% YoY) and -$9.1M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($9.1M revenue, -$2.8M net income) through FY2025, BTCT scaled operating cash flow to -$5.3M and free cash flow to -$13.8M, backed by $39.9M in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (E • RQD 23/100): Established market leader in Financials with deep daily trading liquidity. Free cash flow yield of — and institutional whale pillar of 3/20. With Fundamental Cash Engine at 5/20 and Institutional Whale Flow at 3/20, sustained execution supports upside toward the upper end of the $0.43 – $2.75 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -60.0% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

No upstream or downstream dependencies are mapped (supply_chain: NONE; butterfly_links: empty). — The absence of mapped links means the source data cannot identify 2nd-order bottlenecks; investors should treat that gap as an unresolved information risk rather than evidence of insulation.

  • Key Question #1: Can BTCT sustain or expand its -60.0% operating margin and -18.9% ROIC against Finance: Consumer Services peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $14.0M and free cash flow of -$13.8M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is BTCT's equity valuation to Financials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

BTCT Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for BTC Digital Ltd. (BTCT) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to BTCT Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

BTCT Bull vs. Bear Conversation Board — What's Your Call at $0.68?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON BTCT 🐻 33% BEARISH CONVICTION
1. Pick Your Side on BTCT:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
DE DeltaGamma_99 RQD DEBATE OPENER • Options Flow Specialist 🐂 BULLISH 🎯 Target: $0.86 (+28.4%)
📌 Pinned Debate

A GREEN CATALYST item reports shares gaining 2.36% to $0.72 as buyers tested resistance on thematic ETF flow.

Picked up a starter position in BTCT in my $100K Virtual Cash book at $0.67. A GREEN CATALYST item reports shares gaining 2.36% to $0.72 as buyers tested resistance on thematic ETF flow.. Trading inside a $0.43–$2.75 52-week range with 0.0% FCF yield gives solid downside support if Finance: Consumer Services multiples expand this quarter.

EarningsSniper 🐂 BULL

@RiskArb_Desk Shorting a 3/20 institutional whale-flow stock at $0.67 is dangerous when funds are rotating into Financials.

RI RiskArb_Desk RQD DEBATE OPENER • Hedged Event Driven 🐻 BEARISH 🎯 Target: $0.50 (-25.4%)
Spot @ $0.67

ROIC is -18.9%, FCF yield is 0%, and FY 2025 free cash flow was -$13.8M against only $0.3M of cash.

Here is the bear case nobody on the bull side wants to address on BTCT: ROIC is -18.9%, FCF yield is 0%, and FY 2025 free cash flow was -$13.8M against only $0.3M of cash.. At current EV/EBITDA multiples, even a small guidance miss in Finance: Consumer Services triggers a 12-15% air pocket.

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