Is BTCS Inc. financially healthy?

BTCS Inc. scores 1 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of BTCS Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are RENAISSANCE TECHNOLOGIES LLC (adding), BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

BTCS Inc. (BTCS)

Nasdaq · Common Stock · Finance Services

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

1 / 8

FAILReturn on assets positiveROA -15.5%
FAILOperating cash flow positiveOCF -10M
FAILReturn on assets improving-3.3% → -15.5%
PASSCash flow exceeds earningsOCF -10M vs NI -33M
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving8.98 → 3.38
FAILNo share dilution16M → 33M shares
FAILGross margin improving23.2% → 12.2%
FAILAsset turnover improving0.11× → 0.08×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	—	−$2.6M	—	—	—
FY2021	$1.2M	−$16.0M	−$4.9M	77.9%	—
FY2022	$1.7M	−$15.9M	−$782,185	74.8%	12,732,914
FY2023	$1.3M	$7.8M	−$3.6M	73.1%	14,092,233
FY2024	$4.1M	−$1.3M	−$3.5M	23.2%	16,263,702
FY2025

Ownership flow

7 institutions tracked — 2 added, 4 reduced, 1 sold out.

Institutional holders of BTCS Inc. and their share-count change
Manager	Kind	Shares	Change	Value
STATE STREET CORP	Index	160,000	−2,369,595	$177,600
GEODE CAPITAL MANAGEMENT, LLC	Index	432,434	−658,564	$480,239
CITADEL ADVISORS LLC	Hedge fund	294,142	−192,435	$326,498
BlackRock, Inc.	Index	773,051	+15,562	$858,086

Identity

CIK: 0001436229
LEI: 549300HVP35DWSOZOH21
FIGI: BBG000HN50C1
SIC: 6199 · Finance Services
Incorporated: NV
Headquarters: WAYNE, PA

Ownership

Institutional: 16.3%
Institutions: 61
Insiders: 13.7%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Questions about BTCS Inc.

Is BTCS Inc. financially healthy?: BTCS Inc. scores 1 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of BTCS Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are RENAISSANCE TECHNOLOGIES LLC (adding), BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.