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BNC BNC In-kind digital assets acquired from PIPE offerings proceeds

In-kind digital assets acquired from PIPE offerings proceeds at other companies

SUI
Sui Group Holdings Limited Common StockSUIG
-$47.75M
Pagaya Technologies logo
Pagaya TechnologiesPGY
$0
Solana Company
 logo
Solana Company HSDT
$21.18M
Axe Compute Inc. Common Stock logo
Axe Compute Inc. Common StockAGPU
$15.74M
SUI
Sui Group Holdings Limited Common StockSUIG
$47.75M
Capital Southwest logo
Capital SouthwestCSWC
$0

Other financials

Income statement

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Revenue$26.4M-5.7%
Gross profit$7.9M-21.1%
Operating income-$159.6M-14,760%
Net income$115.2M+20,118%
EPS (diluted)$2.52-99.4%

Balance sheet

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Cash & equivalents$3.1M+42.4%
Total debt$2.5M+955%
Total equity$304.8M+3,613%
Total assets$337.8M+3,636%

Cash flow

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Operating cash flow-$26.6M-3,471%
CapEx$9.0K
Free cash flow-$26.6M

Valuation

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Market cap$112.24M-72.3%
Enterprise value$111.7M
P/E0.4×
P/S2.6×

Profitability

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Gross margin28.9%-11.6pp
Operating margin-547.1%-554pp
Net margin667.2%+661pp
FCF margin-27.7%

Returns & leverage

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Return on equity186.8%+163pp
Debt / equity0.0×
Current ratio1.2×-7.0×

Where this comes from

Reported directly by BNC in its filing.

Tagged under the XBRL concept bncww:InkindDigitalAssetsAcquiredFromPipeOfferingProceeds.

The official record: BNC’s 10-K, filed June 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BNC's in-kind digital assets acquired from PIPE offerings proceeds?
BNC (BNC) reported in-kind digital assets acquired from PIPE offerings proceeds of -$66.28M in Q1 2026.
What does in-kind digital assets acquired from PIPE offerings proceeds mean?
This metric represents the value of digital assets acquired by the company using the proceeds generated from private investment in public equity (PIPE) offerings. It indicates the company's allocation of raised capital into digital asset markets as part of its treasury or investment strategy.