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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. TENK/calls is an independent service and is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

TTENK/calls
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Home›Stocks›FBTC

FBTC

Fidelity Wise Origin Bitcoin Fund

Next earnings ≈ Aug 5, 2026 · est. from filing cadence

Hold
$53.52
▲ +1.90%
$53.52▼ -42.62%
over 1Y
L $51.47H $107.65
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.9%
1W+4.0%
1M-8.5%
3M-8.3%
YTD-31.6%
1Y-42.6%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Hold
Quality
F
Valuation
Fair value
Filings
Watch
Hold
Conviction
Horizon
Medium (3–12mo)

Conservative balance sheet (liabilities/equity 0.00x).

Return on equity -9.0% · latest

Fidelity Wise Origin Bitcoin Fund shows limited reported revenue, and -9.0% ROE.

Supporting the case: conservative balance sheet (liabilities/equity 0.00x).

Is FBTC a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Covered call~60d expiry
  • Long 100 shares @ ~53.52
  • Short call 56 @ ~6.01 est
debit $4,751max +$849max −$4,750BE 47.51

HOLD means own it, don't chase it — harvesting premium against the position matches the verdict.

Open in the calculator →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financials · annual, by fiscal year

Line itemFY23FY24FY25
Revenue———
Gross profit———
Operating income———
Net income$0.00$6.94B-$1.59B
Diluted EPS———
Net margin———

10-year statements — income, cash flow, balance sheet & CSV export →

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-13.8%
FCF yield—

Quality & risk

ROIC (est.)—
Free cash flow—
Total debt—
Net cash$0.00

Capital returns

Buyback yield85.3%
Dividend yield (est.)—
Shareholder yield85.3%
Shares Δ YoY-5.5%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Some governance/structural items recently, but no outright red flags.
  1. 10-Q Quarterly report2026-05-06
  2. 10-K Annual report2026-02-25
  3. 8-K Officer / director change2026-02-05
  4. 10-Q Quarterly report2025-11-07
  5. 10-Q Quarterly report2025-08-08
  6. 8-K Charter / bylaws change2025-07-23
  7. S-3/A Shelf registration (potential raise)2025-07-21
  8. S-3 Shelf registration (potential raise)2025-05-23
  9. 10-Q Quarterly report2025-05-09

Recent filings

all on EDGAR ↗
10-QPeriod ending 2026-03-312026-05-06open ↗424B3Filing2026-04-29open ↗424IFiling2026-03-26open ↗10-KPeriod ending 2025-12-312026-02-25open ↗8-KPeriod ending 2026-02-022026-02-05open ↗10-QPeriod ending 2025-09-302025-11-07open ↗10-QPeriod ending 2025-06-302025-08-08open ↗EFFECTFiling2025-07-31open ↗424B3Filing2025-07-31open ↗CORRESPFiling2025-07-31open ↗8-KPeriod ending 2025-07-212025-07-23open ↗CORRESPFiling2025-07-21open ↗

Quality score

F
ValueGrowthProfitHealthMom.
Value—
GrowthF
ProfitabilityF
Financial healthC
MomentumF
  • ✗Profitable (positive net income)
  • ✗Return on equity above 15%
51.0552-week109.44
Revenue
—
Net margin
—
ROE
-9.0%
P/E
—

SEC fundamentals · FY 2025

'23'24'25

■ revenue · ■ net income, by fiscal year

Net income-$1.59B-122.8%
Cash & equivalents$0.00
Total assets$17.7B-6.1%
Total liabilities$70.3M+72.2%
Stockholders' equity$17.6B-6.3%
L/E: 0.00x

Frequently asked

Is Fidelity Wise Origin Bitcoin Fund (FBTC) a buy?
FBTC currently carries a Hold rating with 2/5 conviction, derived from its latest SEC filings. Conservative balance sheet (liabilities/equity 0.00x).
What is Fidelity Wise Origin Bitcoin Fund's quality score?
FBTC scores 30.724717507040598/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001852317, latest 10-Q filed 2026-05-06) · EODHD · as of 6/22/2026, 3:22:20 PM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 22, 2026, 11:22 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Held by tracked funds

Form 13F · SEC · quarterly
Millennium ManagementIzzy Englander2.76M sh$163M

As of each fund’s latest quarterly 13F — a delayed snapshot, not a live position. All tracked funds →

Recent news

market news →
Trump defends big crypto gain, says 'there's nothing illegal'Bullish
seekingalpha.com· 2026-07-03
Taiwan passes bill to regulate crypto firms and stablecoinsBearish
seekingalpha.com· 2026-07-01
Bitcoin below its 200-week MA represents a historical opportunity to buyBearish
seekingalpha.com· 2026-06-30
U.S. spot bitcoin ETFs see $231M outflow as IBIT sheds $300MBullish
seekingalpha.com· 2026-06-30
Bitcoin price tug-of-war: ETF outflows, 3 rate hike stance, MSTR buying collideBullish
seekingalpha.com· 2026-06-22
Which Cryptocurrency Fund is the better Bet? Fidelity Bitcoin Fund or iShares Ethereum ETFBullish
nasdaq.com· 2026-06-18

Vs tracked universe

compare →

1195 tracked peers · median

TENK Score31 vs 67
Revenue growth— vs 7.5%
Net margin— vs 10.0%
Return on equity-9.0% vs 12.0%
P/E— vs 26.2