🔴 BTCT is trading 5% down today as annual losses quadruple to $8.9 million

BTCT is trading at $1.14 (-4.78%) following its Form 20-F filing on May 11, 2026, which revealed a significant widening of annual losses.

• The company reported a net loss of $8.9 million for FY 2025, a more than fourfold increase from $2.0 million in 2024, driven by mining volatility despite revenue growth to $14.0 million.
• The decline aligns with broader market weakness, with the NASDAQ falling 1.58% and major cryptocurrencies like BTC and ETH dropping 1.88% and 3.17%, respectively, since the last close.