| Figure | FY 2025 |
|---|---|
| Revenue | — |
| Net income | −$437.2M1 |
| Operating cash flow | −$1.12B2 |
| Capital expenditure | — |
| Free cash flow (derived) | — |
| Total debt | — |
| Cash & equivalents | — |
| Diluted shares | — |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom). A derived or summed figure cites every filing line it was built from.
Not enough data in the filings for a return-on-capital reading.
seeing a moat in the numbers →Not enough history to read capital allocation.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
Different models answer different questions — which to trust when →
This page is free, and so is every other company on MeritValue.
Connect the MeritValue MCP server to Claude or another MCP client, ask about Grayscale Bitcoin Mini Trust ETF, and get these exact figures with their filing receipts — not an improvised DCF.
Get a free key →Pull the companies with a published value under any model (up to 500 a request, filtered by data completeness) into your own sheet or agent. Screening is what Analyst adds, at $9/month.
See pricing →Follow BTC and keep your own price beside the value. The same engine, with the same receipts.
MeritValue on the App Store →- 10-K filed 2026-02-25 · period ending 2025-12-31 · accession 0001193125-26-071952 (NetIncomeLoss)
- 10-K filed 2026-02-25 · period ending 2025-12-31 · accession 0001193125-26-071952 (NetCashProvidedByUsedInOperatingActivities)