#99 BTC Company🇳🇴Norway

Ace Digital AS

Ace Digital AS is a Norwegian Euronext Growth-listed Bitcoin company that holds BTC as its primary treasury reserve asset, manages its BTC exposure with derivatives, and runs fund, venture, and advisory businesses.

Treasury CompanyAsset ManagementEuronext Growth Oslo:ACED
BTC holdings
50

$3.68M · as of Sep 30, 2026 · price as of Nov 11, 2026

Cost Basis
—

NgU — · as of Sep 30, 2026

Average cost / BTC
—
Change since start of year
+38.66 BTC

+340.9%

Market Cap
$5.17M
Enterprise Value
$4.29M
mNAV
1.17×
Holdings per Share (BTC)
36.52 sats

Balance sheet values as of Jun 30, 2026, basic shares as of Jun 30, 2026: Half-year report · Aug 21, 2026

Asset holdings

Latest reported holdings for each asset. Cost Basis is the reported total cost. It can include fees and staking income. It does not give the date or price of each Purchase.

AssetHoldingsCost BasisAs ofSources
BTC50Not reportedSep 30, 2026

HoldingsBTC vs USD value

50 BTC

$3.69M USD value · as of 2026-11-10

  • BTC Holdings (left)
  • USD Value (right)

BTC Reserve

50 BTC

  • Holdings
  • Purchase (size = amount)
  • Sale (size = amount)

BTC historical holdings

DateChangeHoldingsCumulative costAverage CostSources
Sep 30, 2026+45.82+1,096.17%50——
Aug 20, 2026+2.63+169.68%4.18——
Jun 30, 2026Unexplained Decrease: Holdings fell from 11.34 BTC held directly (13.20 BTC with option exposure) to 1.55 BTC during H1 2026 under the derivatives strategy of the Company. The Company announced no Sale.-9.79-86.33%1.55——
Dec 31, 2025—11.34——

Advanced metrics

DateBTC holdings Shares outstanding BTC per share Stock price Market Cap Financials
BalanceCost BasisValueBasicDilutedBasicDilutedBasicDilutedCashDebt
Sep 30, 202650—$4.18M125.8M136.9M0.00000039730.0000003652$0.04$5.06M$5.51M$876.74K$0
Aug 20, 20264.18—$305.25K125.8M136.9M0.000000033220.00000003053$0.04$4.64M$5.05M$876.74K$0
Jun 30, 20261.55—$90.87K125.8M136.9M0.000000012320.00000001132$0.05$5.76M$6.26M$876.74K$0
Dec 31, 202511.34—$993.93K————$0.05————

— means no value was disclosed or derivable for that date. Muted values are carried forward from an earlier disclosure.Stock prices are daily closes in USD at today's exchange rate.

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  11. #99Ace Digital AS50 BTC
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