What is BTG's dilution risk score?

BTG has a latest available DilutionScore record of 17/100, categorized as low dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for BTG, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for BTG?

DilutionWatch tracks 25 SEC filing types for BTG including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect BTG shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For BTG, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for BTG tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for BTG. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

BTG Dilution Risk Score: 17/100 (LOW)

Score Breakdown

📋 Offering Ability

💰 Cash Runway

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

☀️

Clear

No significant dilution signals

model est. 0%

No significant dilution signals detected for BTG.

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Market Data

Market Cap$7.02B

Shares Outstanding1.34B

Float1.25B

Cash$482.06M

Debt$519.89M

Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

Field	Current Value	Basis
DilutionScore	17/100	DilutionWatch score record
Shares Outstanding	1.34B	Verified float table or market cache
Public Float	1.25B	Verified float table or market cache
Market Cap	$7.02B	Market data cache
Cash Runway	Not available	DilutionWatch score inputs
Shelf Capacity	None in current score inputs	SEC-derived dilution fields
ATM Capacity	None in current score inputs	SEC-derived dilution fields
Outstanding Warrants	None in current score inputs	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 0.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 9.3% shares (2026Q1 vs prior)

301 institutional holders · 906.75M shares

#1 VAN ECK ASSOCIATES CORP 95.37M shares

#2 VANGUARD CAPITAL MANAGEMENT LLC 73.91M shares

#3 Pale Fire Capital SE 69.74M shares

+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest72.09M

Days to Cover3.4

% of Float5.8%

FINRA data as of Sep 30, 2026

Recent SEC Activity

No recent SEC insights

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DilutionScore History — Last 90 Days

BTG's DilutionScore has held steady at 17/100 (Low risk) for 89 consecutive days across the tracked period.

Period	Score	Risk Level	Duration
Jul 16 – Oct 13, 2026	17/100	LOW	89 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

BTG shares outstanding have decreased 0.3% from 1.34B (Mar 2026) to 1.33B (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 18, 2026	1.33B	1.25B	▼ 0.06%
May 12, 2026	1.33B	1.25B	▼ 0.02%
May 10, 2026	1.33B	1.25B	▼ 0.35%
Apr 07, 2026	1.34B	1.26B	▼ 0.07%
Mar 15, 2026	1.34B	1.26B	▼ 0.02%
Mar 09, 2026	1.34B	1.26B	▼ 0.02%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track BTG Dilution Risk in Real-Time

DilutionWatch monitors SEC filings 24/7 and alerts you the moment BTG files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.

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