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Bitcoin Fund(TSX) QBTC

Market CapN/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2020)+870%
5 Year+34%
1 Year-30%
1 Month+11%
CA$106.80
+0.05%
+0.05Today
Bitcoin Fund last closing stock price
MetricPriceDate
Last closeCAD 106.752026-10-15
Bitcoin Fund stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0.52%CAD 106.202026-10-08
1 month+11.26%CAD 95.952026-09-15
3 month+33.02%CAD 80.252026-07-17
Year to date-6.38%CAD 114.032025-12-31
1 year-30%CAD 152.502025-10-15
3 year+182.56%CAD 37.782023-10-16
5 year+34.04%CAD 79.642021-10-15
Since inception+870.45%CAD 11.002020-04-09

Bitcoin Fund Financials at a Glance

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

CA$177.49M

Net Income (TTM)

CA$36.54M

EPS (TTM)

-CA$68.87

P/E Ratio

0.00

Dividend

CA$0.00

Beta (Volatility)

1.25 (Average)

Price

CA$106.80

Volume

378

Open

CA$106.81

Previous Close

CA$106.75

Daily Range

CA$106.80 - CA$106.81

52-Week Range

CA$74.26 - CA$154.92

Estimated Earnings Date

N/A

QBTC News

No articles available.

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About Bitcoin Fund

The Bitcoin Fund operates as a structured closed-end investment vehicle, providing investors with streamlined access to Bitcoin. Established in 2018 and headquartered in Toronto, Canada, the fund maintains long-term holdings of the cryptocurrency, eliminating the need for direct ownership.

Products and Services
  • Structured investment vehicle focused on Bitcoin
  • Long-term cryptocurrency holdings
  • Accessible investment option for diverse portfolios
Growth Outlook
  • Recent quarterly revenue reached CAD 51.25 million
  • Trailing twelve months (TTM) gross profit margin stands at 78.32%
  • Significant increase in cash and short-term investments to CAD 447.64 million
Financial Highlights
  • Net income for Q2 2026 reported at CAD -170.02 million
  • Operating income ratio for Q2 2026 at -3.32%
  • Price-to-sales ratio TTM is 8.16, indicating market valuation
The Bitcoin Fund presents a unique opportunity for investors seeking exposure to Bitcoin without the complexities of direct ownership. The fund's structured approach allows for a more manageable investment strategy, appealing to both seasoned and novice investors. Recent financial performance indicates a robust revenue stream, with significant gross profit margins, showcasing the fund's operational efficiency. The increase in cash and short-term investments reflects a strong liquidity position, which may support future growth initiatives. Despite recent net income losses, the overall financial metrics suggest potential for recovery and growth in the evolving cryptocurrency market.
AI Generated • Sep 29, 2026

Industry

Capital Markets

Sector

Financials

CEO

Pascal St-Jean

Headquarters

Toronto, ON M5H 1A1, CA

QBTC Financials

Key Financial Metrics (TTM)

Gross Margin

78.32%

Operating Margin

-518.86%

Net Income Margin

-518.86%

Return on Equity

0.00%

Return on Capital

-9.73%

Return on Assets

0.00%

Earnings Yield

N/A

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

3.64M

Volume

378

Avg. Volume

2.67K

Financials (TTM)

Gross Profit

CA$150.71M

Operating Income

CA$36.55M

EBITDA

CA$36.54M

Operating Cash Flow

-CA$28.49M

Capital Expenditure

-CA$3.00

Free Cash Flow

-CA$28.49M

Cash & ST Invst.

CA$447.64M

Total Debt

CA$0.00

Bitcoin Fund Performance Analysis

Bitcoin Fund annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31CAD 69,334,264-72.7%
20232023-12-31CAD 17,708,463-74.5%
20242024-12-31CAD 88,708,968400.9%
20252025-12-31CAD 120,876,91736.3%
Bitcoin Fund sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-12-31-94.7%
Q22025-06-302486.4%
Q42025-12-31-94.3%
Q22026-06-30679.6%
Bitcoin Fund annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31CAD -44.04N/A
20232023-12-31CAD 35.34N/A
20242024-12-31CAD 71.06101.1%
20252025-12-31CAD -7.58N/A
Bitcoin Fund sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-12-3170.2%
Q22025-06-30-59.8%
Q42025-12-31-260.3%
Q22026-06-30-32.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

CA$51.25M

-38.7%

Gross Profit

CA$46.27M

-40.3%

Gross Margin

90.28%

N/A

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

N/A

N/A

Net Income

-CA$170.02M

-199.1%

EBITDA

-CA$170.02M

-199.1%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

CA$447.64M

+113.2%

Total Debt

CA$0.00

N/A

Accounts Receivable

CA$0.00

N/A

Inventory

CA$0.00

N/A

Long Term Debt

CA$0.00

N/A

Short Term Debt

CA$0.00

N/A

Return on Assets

0.00%

N/A

Return on Invested Capital

0.00%

N/A

Free Cash Flow

-CA$5.68M

+7.3%

Operating Cash Flow

-CA$5.68M

+7.3%

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Questions About QBTC

What is the current price of Bitcoin Fund?

Bitcoin Fund is trading at CA$106.80 per share.

What is the 52-week range for Bitcoin Fund?

Over the past 52 weeks, Bitcoin Fund has traded between CA$74.26 and CA$154.92.

How much debt does Bitcoin Fund have?

As of the most recent reporting period, Bitcoin Fund reported total debt of CA$0.00.

How much cash does Bitcoin Fund have on hand?

Bitcoin Fund reported CA$35.92K in cash and cash equivalents in its most recent financial results.

What is Bitcoin Fund’s dividend yield?

Bitcoin Fund does not currently have a dividend yield.

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