ARCA · BCOR

Grayscale Bitcoin Adopters

$21.08 -$0.61 (-2.79%) 1D Market open
Charting by TradingView

Key Metrics

$863.02M
Market cap
2.32×
P/E · TTM
$487.62M
Revenue · TTM
$371.80M
Net income
EPS · TTM $9.08
Dividend yield —
Free cash flow −$14.40M
Beta · 1Y 2.40
EBITDA · TTM −$69.88M
Gross margin —

The Story So Far

LAST 6 MONTHS PRIMARY SOURCES ONLY
  • Jul 24
    From its May 11 high, the share price fell 25%.

    Peak close $28.23 on May 11; trough close $21.08 on Jul 24. The drawdown is the fact — the chapters around it are the context.

    RECEIPT: PRICE SERIES, PEAK-TO-TROUGH -25%
  • Jul 16
    Money rotated out of high-beta cohorts market-wide.

    High-beta names lagged the blue-chips by 18.6 points over ten sessions around this date. Stocks in that cohort weren't falling alone — they fell together.

    RECEIPT: ROTATION GAUGE, LIVE
  • Feb 6
    The stock moved +11.6% in a single session.

    Sessions this size usually pair with a chapter above or below — a filing, a headline, or the whole cohort moving together.

    RECEIPT: DAILY BAR, Feb 6
  • Feb 5
    The stock moved -9.7% in a single session.

    Sessions this size usually pair with a chapter above or below — a filing, a headline, or the whole cohort moving together.

    RECEIPT: DAILY BAR, Feb 5

The story updates itself as events post · The wolf reports; you decide

Snapshot

Market cap—
Enterprise value$1.02B
Shares outstanding—
52-wk range$20.15 – $36.98
Avg volume · 20D216.9K
Net cash −$153.77M
Book value / share$9.86
IndustryFinance Services
ExchangeARCA
About Grayscale Bitcoin Adopters
IPO dateApr 29, 2025
Employees—

Wolf Grade COMING SOON

—

The wolf is in training. Composite grades vs sector — profitability, health, value, momentum — arrive with the percentile engine. Methodology will be public.

Valuation

P/E2.32
P/S1.77
P/FCF—
EV/EBITDA—
EV/Sales2.09
Graham №$44.89

Profitability

Gross —
Operating -16.8%
Net 76.2%
FCF -3.0%
ROE / ROIC 99.8% · —

Financial Health

Current ratio2.07
Quick ratio—
Debt / equity0.64
Debt / EBITDA -3.72
Net cash −$153.77M
Working capital$96.47M

Cash Flow · TTM

Operating CF −$8.40M
Capex −$6.00M
Free cash flow −$14.40M
Buybacks $337.19M
Dividends paid —
Shareholder yield 39.1%

Piotroski F-Score

5 / 9
Middling fundamentals · 5 of 9 signals passing

Altman Z-Score

0.2
Distress zone (< 1.81) · elevated risk

Graham Number vs Price

$44.89 vs $21.08
Trades below classic defensive value — Graham-cheap
Fundamentals through 2023-09-30 · computed by TickerWolf from SEC filings