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Bitcoin Treasury Corporation Boosts Holdings by 62% with CAD $70 Million Purchase
Generated by AI AgentCoin World
Saturday, Jun 28, 2025 10:39 am ET1min read
Bitcoin Treasury Corporation, a Canadian firm specializing in bitcoin-related services, has concluded the initial phase of its bitcoin acquisition campaign. The company purchased an additional 478.57 BTC for approximately CAD $70 million, equivalent to $51 million USD. This acquisition has increased the firm's total holdings to 771.37 BTC.
The newly acquired bitcoin represents roughly 0.0000634 BTC per fully diluted share, as stated in the company's Friday press release. Bitcoin Treasury Corporation is based in Toronto and plans to utilize a portion of its BTC treasury for institutional lending. This strategy involves lending to trading desks and other counterparties that require immediate access to the cryptocurrency.
This approach aligns with the strategies adopted by numerous other companies that have chosen to hold bitcoin as a treasury reserve asset. The firm's decision to engage in institutional lending reflects a growing trend among companies that hold significant amounts of bitcoin, aiming to maximize the utility and returns of their cryptocurrency holdings.
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