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Prepaid Insurance at other companies

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KRAKacquisitionKRAQ

Other financials

Income statement

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Operating income-$540.8K-1,418%
Net income$1.7M+4,876%
EPS (diluted)$0.05+100%

Balance sheet

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Cash & equivalents$1.4M
Total equity-$9.1M-14,588%
Total assets$259.0M

Cash flow

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Operating cash flow-$537.4K-188%

Valuation

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Market cap$350.59M-0.5%
P/E97.2×

Returns & leverage

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Return on equity-78.4%
Current ratio13.7×

Where this comes from

Reported directly by BTC Development Corp. in its filing.

Tagged under the XBRL concept us-gaap:PrepaidInsurance.

The source filing: BTC Development Corp.’s 10-Q, filed May 12, 2026.

Filed
May 12, 2026, 5:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001213900-26-055166
Line itemMarch 31, 2026December 31, 2025
Current Assets:
Cash$1,448,349$1,985,699
Prepaid expenses179,663132,933
Prepaid insurance87,50087,500
Total Current Assets1,715,5122,206,132
Long-term prepaid insurance43,75065,625
Marketable securities held in Trust Account257,254,864255,012,555
Total Assets$259,014,126$257,284,312

Item 1. Interim Financial Statements.

FAQ

What is BTC Development Corp.'s prepaid insurance?
BTC Development Corp. (BDCI) reported prepaid insurance of $87.5K in Q1 2026.
What does prepaid insurance mean?
Represents the portion of insurance premiums paid in advance for coverage that extends into future accounting periods. This asset is amortized over the term of the policy as the coverage is utilized. It reflects the company's commitment to risk management and operational continuity.

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