Bitcoin Treasury Corporation Raises $125 Million, Acquires 292.8 BTC

Bitcoin Treasury Corporation (BTCT) has successfully raised $125 million through a brokered offering of 426,650 common shares at $10.00 each. This financing effort was part of the company's strategy to establish itself as a public Bitcoin-focused firm in Canada. The shares, which are eligible for inclusion in Canadian tax-advantaged accounts, are subject to a statutory hold period of four months plus one day from the issuance date, June 26, 2025. Canaccord Genuity and Stifel acted as co-lead agents on the offering, alongside several major financial institutions, receiving cash compensation totaling $178,950.

Following the financing, BTCT acquired 292.8 BTC on June 26, 2025, at a total purchase price of CAD $43.1 million. This purchase marks the beginning of the company’s Bitcoin accumulation program. BTCT plans to disclose its Bitcoin per Share (BPS) metric once the program reaches its first benchmark. The company aims to use its Bitcoin reserves for institutional lending, offering liquidity solutions while maintaining strong financial safeguards. BTCT considers Bitcoin both a reserve asset and an operational tool for revenue generation.

BTCT's common shares will resume trading on the TSX Venture Exchange on June 30, 2025, under the symbol “BTCT.” The company currently has 10,075,080 issued and outstanding shares. The listing is part of the company's strategy to expand public Bitcoin exposure and attract investors seeking exposure to Bitcoin through a listed equity vehicle. The shares are identified by CUSIP Number 09175U103.

BTCT's move to acquire Bitcoin and list on the TSX Venture Exchange is a strategic step towards becoming a prominent player in the Bitcoin market. By accumulating Bitcoin reserves, the company aims to offer institutional lending solutions backed by its new Bitcoin reserves. This initiative not only enhances BTCT's financial position but also aligns with the growing trend of corporations adopting Bitcoin as a reserve asset. The company's decision to list on the TSX Venture Exchange further solidifies its commitment to providing public exposure to Bitcoin, making it an attractive option for investors looking to gain exposure to the cryptocurrency market through a listed equity vehicle.