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BNC BNC In-kind digital assets contribution received against issuance of equity and warrants in PIPE offerings

In-kind digital assets contribution received against issuance of equity and warrants in PIPE offerings at other companies

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

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:InkindDigitalAssetsContributionReceivedAgainstIssuanceOfEquityAndWarrantsInPrivateOfferings.

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 contribution received against issuance of equity and warrants in PIPE offerings?
BNC (BNC) reported in-kind digital assets contribution received against issuance of equity and warrants in PIPE offerings of $66.28M in Q1 2026.
What does in-kind digital assets contribution received against issuance of equity and warrants in PIPE offerings mean?
This metric quantifies the value of digital assets received by the company as consideration for the issuance of equity and warrants in private offerings. It reflects the company's strategy for diversifying its asset base and its willingness to accept non-cash, volatile assets in exchange for ownership stakes.