BitVentures LtdBVC

NasdaqFinanceInvestment Advice
Price (close)
$11.35
Market cap
$1.8B
P/E
—
Revenue (FY)
$0
Net income
-$5.4M
Dividend yield
—
1-year total return
793.7%
Net margin
—
Revenue growth
-100.0%
Debt / equity
—

What BitVentures Ltd does.

We are a technology company focusing on developing early-stage technology businesses, and aim to actively build, operate and scale our businesses in order to achieve growth. The Company is currently developing businesses in e-commerce, digital assets, consumer healthcare, and may target opportunities in other areas of consumer and enterprise technology. The Company believes that early-stage technology ventures may offer exceptional growth opportunities, and seeks to identify and nurture such high-potential ventures.

As of the date of this annual report, we no longer have any operations, offices or any employees in China. We have ceased to be a “China concept stock”.

In 2024 and 2025, the Company underwent a series of corporate restructuring. On June 28, 2024, Santech exited the wealth management business in China by terminating contractual arrangements with its major variable interest entity (“VIE”) in China. See “Item 4. Information on the Company – A. History and Development of Our Company” for details of our corporate history. Santech’s combined financial statements for the year ended June 30, 2024 are prepared excluding its historical PRC subsidiaries and VIEs. For comparative purposes, Santech’s combined financial statements for the year ended June 30 2023 are recast to exclude its historical PRC subsidiaries and VIEs as well. See “Item 5. Operating and Financial Review and Prospects” for details of our accounting treatment for the reporting periods.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue—$277.1M$9.0M$15.3M$21.8M$0
Net income—$31.4M-$6.3M-$3.5M-$743,000-$5.4M
Free cash flow—$48.7M—$9.4M$2.6M-$6.5M

More on BVC.

Figures from BitVentures Ltd's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.