
BitVentures highlights e-commerce launch and digital asset expansion
BitVentures (NASDAQ:BVC) reported its unaudited financial results for the first half of fiscal 2026 ended December 31, 2025.
The company's continuing-operations revenue reached US$0.3 million, climbing from nil in the prior-year period.
This top-line growth was primarily driven by a new Amazon-based e-commerce business and an increase in client referral services.
General and administrative expenses experienced a sharp decline of 62.3%, dropping to US$0.9 million due to successful corporate cost-cutting measures.
Other income for the period stood at US$5.4 million, which was heavily boosted by a US$5.3 million recovery of prior bank balance impairments.
The company successfully executed a 20-for-1 share consolidation and terminated its American Depositary Share program to list its consolidated ordinary shares directly on the Nasdaq.
Following the announcement, BitVentures' share price was up at $12.