BitVentures
BVC on Nasdaq. Investment advice. Market value $123m.
This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to June 2026.
We can't read total debt from the filing, so debt is left out.
We can't pin down how many shares it has, so we don't rank it.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: -74 cents. Above 10 is good.
What you pay for each dollar of net assets: $8.56.
Profit per $100 you pay: $2.87.
Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.
$14.05 a share, 127% above its 1-year low
Over the past year the price has ranged from $6.20 to $18.20.
Pays no dividend
Price from Friday’s close (23 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $9m | $15m | $22m | $0 | $498,000 |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.06bn | 0.06bn | 0.06bn | 0.16bn | 0.01bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsShrinking, 71.8% a year
- Buying back its own sharesYes, 85% fewer since 2022
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 16 October 2026
- Next quarterly (estimated, 10-Q)
- n/a
Who owns it
None of the long-term investors we follow own it. 2 funds in all.
Largest holders overall
- UBS Group AG$21,494Added
- Rhumbline Advisers$2,530
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- Carmel Holdings Limitedat least 67.8%+1.1 pts(filed with 1 related holder)Since 25 February 2026
What they said
On February 25, 2026, Mr. Lok completed an irrevocable transfer of all of the issued and outstanding equity interests of Carmel to Raku Foundation for succession planning and philanthropic purposes. Other than as described in this Amendment No. 2, the Reporting Persons do not…
Read the filing - Wai LokInsider or founder67.8%+1.1 ptsSince 11 November 2025
What they said
Mr. Lawrence Wai Lok acquired the additional shares pursuant to the ESOP awards described above for incentive compensation purposes. The acquisition did not involve any change in control of the Issuer, and Mr. Lawrence Wai Lok currently has no plans or proposals that would…
Read the filing
| Holder | Stake | Since | |
|---|---|---|---|
Carmel Holdings Limited | at least 67.8%+1.1 pts (filed with 1 related holder) | 25 February 2026 | What they saidOn February 25, 2026, Mr. Lok completed an irrevocable transfer of all of the issued and outstanding equity interests of Carmel to Raku Foundation for succession planning and philanthropic purposes. Other than as described in this Amendment No. 2, the Reporting Persons do not… Read the filing |
Wai Lok Insider or founder | 67.8%+1.1 pts | 11 November 2025 | What they saidMr. Lawrence Wai Lok acquired the additional shares pursuant to the ESOP awards described above for incentive compensation purposes. The acquisition did not involve any change in control of the Issuer, and Mr. Lawrence Wai Lok currently has no plans or proposals that would… Read the filing |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 1 sold $15,437.
- Gallo Joel AdalbertoDirectorSold
- Date
- 28 October 2026
- Shares
- 633
- Price
- $14.42
- Value
- $9,125
- Gallo Joel AdalbertoDirectorSold
- Date
- 27 October 2026
- Shares
- 450
- Price
- $14.03
- Value
- $6,313
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 28 October 2026 | Gallo Joel Adalberto Director | Sold | 633 | $14.42 | $9,125 |
| 27 October 2026 | Gallo Joel Adalberto Director | Sold | 450 | $14.03 | $6,313 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
BitVentures doesn’t file a US annual report (10-K), so we haven’t checked it.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have shrunk: 71.8% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.