Teucrium Commodity Trust BTCK
Teucrium Commodity Trust ("Trust"), a Delaware statutory trust organized on September 11, 2009, is a series trust consisting of five series: Teucrium Corn Fund ("CORN"), Teucrium Sugar Fund ("CANE"), Teucrium Soybean Fund ("SOYB"), Teucrium Wheat Fund ("WEAT" and, together with CORN, CANE and SOYB, the "Agriculture Funds") and Teucrium Agricultural Fund ("TAGS"). On September 17, 2025, the 7RCC Spot Bitcoin and Carbon Credit Futures ETF ("BTCK"), was established as a new series of the Trust. The Fund is still in registration with the SEC. Hashdex Bitcoin Futures ETF ("DEFI") was a series of the Trust prior to the merger closing on January 3, 2024. As discussed elsewhere in this form 10-K, the Trust, on behalf of its series, Hashdex Bitcoin Futures Fund ("Acquired Fund"), and Tidal Commodities Trust I, on behalf of its series, Hashdex Bitcoin Futures Fund entered into an agreement and Plan of Merger and Liquidation dated as of October 30, 2023 ("Plan of Merger"). The Merger closed on January 3, 2024. Upon such closing, the Plan of Merger caused all of the Acquired Fund's shares to be canceled and the Acquired Fund to be liquidated. All of the series of the Trust are collectively referred to as the "Funds" and singularly as the "Fund." Collectively, CORN, CANE, SOYB and WEAT are referred to as the "Agricultural Funds." Each Fund is a commodity pool that is a series of the Trust. The Funds issue common units, called "Shares," representing fractional undivided beneficial interests in a Fund. Effective as of April 29, 2019, the Trust and the Funds operate pursuant to the Trust's Sixth Amended and Restated Declaration of Trust and Trust Agreement (the "Trust Agreement"). The Trust Agreement may be found on the SEC's EDGAR filing database at: https://www.sec.gov/Archives/edgar/data/1471824/000165495419004852/ex31.htm.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| SG&A | — | $326.5K | $281.4K | $323.5K | $301.6K | $297.7K | — | — | — | — |
| Interest expense | — | $13.0M | $17.7M | $10.7M | $541.9K | $1.4M | — | — | — | — |
| Net income | -$26.5M | -$47.9M | -$73.5M | -$78.2M | $82.4M | $56.2M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $205.3M | $210.9M | $292.2M | $434.1M | $252.2M | $309.4M | — | — | — | — |
| Total assets | — | $241.7M | $326.0M | $505.5M | $266.3M | — | — | — | — | — |
| Total liabilities | — | $17.0M | $11.4M | $40.1M | $2.0M | — | — | — | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | -$39.4M | -$55.6M | -$106.3M | $75.2M | $53.1M | — | — | — | — |
| Financing cash flow | — | -$41.8M | -$86.2M | $288.1M | -$132.3M | $90.1M | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-006385.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | — | — | $56.2M | $82.4M | -$78.2M | -$73.5M | -$47.9M | -$26.5M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event Item 8.01
- Other event Item 8.01
- Annual report filed Form 10-K
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6221
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| ETHA | iShares Ethereum Trust ETF | $20.82B | — | — |
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| AGQ | ProShares Trust II | $6.92B | — | — |