Intchains Group Limited
BTC Holdings
12.66
Total P&L
+50.95%
Total profit/loss on Bitcoin holdings
Average Cost per BTC
$74,793
Average price paid for each Bitcoin
Share Price
$1.87
Current trading price per share
Market Cap
$107M
Total market capitalization
Enterprise Value
$-277.9M
Market cap plus debt minus cash
NAV Multiple
74.816
Net Asset Value multiplier
BTC / Market Cap
1.3%
Bitcoin holdings as % of market cap
About Intchains Group Limited
Intchains Group Limited, listed on Nasdaq with the ticker ICG, is a leading provider of integrated circuit solutions for blockchain applications, headquartered in Shanghai, China. Founded in 2017, it emerged to advance cryptocurrency mining through innovative hardware design. Its business model focuses on developing high-performance ASIC chips and computing equipment, generating revenue through product sales and technical services. Core operations include designing and distributing chips for Bitcoin and Ethereum mining, alongside offering blockchain-based hardware solutions to global clients in the digital asset ecosystem.
The company integrates Bitcoin into its treasury strategy, holding it as a reserve asset to diversify its financial portfolio and align with its blockchain-centric operations. This approach reflects confidence in Bitcoin’s role as a store of value. Beyond treasury management, Intchains pursues a broader digital asset strategy, enhancing its ASIC technology to support efficient mining and exploring blockchain applications for secure data processing, reinforcing its position in decentralized finance and technology.
Led by CEO Qiang Ding, a veteran in semiconductor and blockchain innovation, Intchains maintains a strong industry presence through its advanced chip designs and partnerships with major mining operators. Its leadership drives a vision of technological excellence, positioning the company as a key player in the global blockchain sector. By combining cutting-edge hardware with digital asset integration, Intchains ensures long-term relevance in the evolving landscape of cryptocurrency and decentralized technologies.
Recent Developments
- Mar 31, 2025: Bitcoin holdings increased by 2.37 BTC to 12.66 BTC with cost basis of $946.9K (BTC @ $82.4K), stock price $2.93
- Dec 31, 2024: Bitcoin holdings increased by 10.29 BTC to 10.29 BTC with cost basis of $720.6K (BTC @ $93.6K), stock price $3.70
Intchains Group Limited — Bitcoin Holdings Over Time
1y - Present
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Intchains Group Limited — Stock vs BTC Dynamics
1y - Present
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Balance Sheet History