Ace Digital Reports Strong Q3 2026 Results with Significant Bitcoin Gains
Ace Digital reported strong financial results for Q3 2026, with a net profit of NOK 6.32 million. The company's equity increased by 19.3% to NOK 39.09 million, and it ended the quarter debt-free. The Bitcoin Treasury NAV surged by 373% without any new Bitcoin purchases, reaching NOK 4.27 million. The estimated economic Bitcoin exposure from the Treasury Strategy is approximately 57 BTC.
Ace Fund continued to outperform Bitcoin since its inception in November 2025, with a return of +23.1% compared to Bitcoin's -23.7%. Cash distributions from preferred securities amounted to NOK 0.84 million during the quarter, covering about 80% of Ace Digital's operating costs. Operating costs for Q3 were NOK 1.06 million, significantly lower than the H1 quarterly pace.
The company's Bitcoin exposure increased during the quarter due to a more attractive risk/reward scenario. Ace Digital's investment in Ace Fund was valued at NOK 11.47 million at the end of Q3. The company also made progress in the Bitcoin ecosystem, with MediaB completing prototypes for NewsB, SquawkB, and RadioB.fm, which focus on Bitcoin news, data, and market intelligence.
Entering Q4, Ace Digital has NOK 39.09 million in equity, no debt, substantial liquidity, and approximately 57 BTC of estimated economic Bitcoin exposure. The company remains focused on supporting the growth and development of the Bitcoin network through various Bitcoin-related infrastructure, financial services, and digital asset innovation initiatives.