As of July 13, 2026, Bit Origin Ltd (BTOG) has a DilutionWatch DilutionScore of 66/100, rated HIGH dilution risk. Bit Origin Ltd has a market capitalization of $2.85M, 58.21M shares outstanding, 10 institutional holders tracked. Key dilution vectors include 4.7K outstanding warrants, approximately 2 months of cash runway.
Source: DilutionWatch (dilutionwatch.com) — data updated daily from SEC EDGAR filings. Not financial advice.
📊 Score Breakdown
🔄Convertible Debt—
🌦️ Dilution Forecast
🌥️
Advisory
Moderate dilution signals present
34%
💰 Capital Raise
55%
• Critical: only 2.5 months cash remaining
🔄 Reverse Split
15%
• Only 2 months cash — financial pressure
📉 Score Deterioration
10%
• Score in HIGH risk zone (66/100)
💹 Market Data
Market Cap$2.85M
Shares Outstanding58.21M
Float975.2K
Cash$485.0K
Debt$777.6K
Short InterestN/A
🏛 Institutional Holdings
10 institutional holders · 16.6K shares
#1
SBI Securities Co., Ltd.
3.8K shares
#2
Citadel Advisors Llc
3.4K shares
#3
Xtx Topco Ltd
2.8K shares
📉 Short Interest
Short Interest381.8K
Days to Cover1.0
% of Float39.1%
FINRA data as of Jun 30, 2026
📁 Recent SEC Activity
xbrl
XBRL WARRANT
Jun 30, 2025
xbrl
XBRL CONVERTIBLE
Jun 30, 2025
13F-HR
BENEFICIAL OWNERSHIP
Dec 31, 2025
13F-HR
BENEFICIAL OWNERSHIP
Dec 31, 2025
13F-HR
BENEFICIAL OWNERSHIP
Dec 31, 2025
Full SEC filing analysis available with free account
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📰 Recent News
No recent news
📋 What This Means for BTOG Shareholders
Bit Origin Ltd (BTOG) has a DilutionScore of 66/100, placing it in the High dilution risk tier. This score reflects at least one active dilution mechanism — a shelf registration, ATM program, outstanding warrants, or limited cash runway — that could materially increase the share count over the next 12–18 months. Score as of July 13, 2026, updated from SEC EDGAR data.
Cash runway is a key watch item: BTOG has approximately 2 months of runway at current burn rate. Companies with less than 18 months of runway are statistically more likely to file new shelf registrations or ATM programs within the next two quarters. DilutionWatch monitors SEC 10-Q filings to update this estimate each quarter.
DilutionWatch tracks over 25 SEC filing types for BTOG in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for BTOG alongside comparable high-risk stocks. Not financial advice — this analysis is for informational purposes only.
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