Bitcoin Treasury Corporation Relists on Toronto Stock Exchange After 125 Million Canadian Dollar Raise

Bitcoin Treasury Corporation (BTCT), a Canadian Bitcoin lending company, has announced its plans to relist on the Toronto Stock Exchange's Venture Exchange. The company will resume trading on June 30 under the ticker symbol "BTCT," with over 10 million shares issued and outstanding. This move follows a successful brokered offering that raised 125 million Canadian dollars ($92 million) in gross proceeds. The company issued 426,650 shares at 10 CA$ ($7.32) each, with the financing supported by a concurrent capital raise. The shares are subject to a holding period of four months and one day under Canadian securities laws.

In addition to relisting, BTCT has made a significant investment in Bitcoin. The company used a portion of the proceeds from the raise to purchase 292.80 BTC at a total cost of around $31.5 million. This acquisition marks the company’s first major BTC purchase since launching its Bitcoin accumulation and institutional lending strategy. BTCT aims to use its Bitcoin reserves to offer liquidity solutions to its clients. The company plans to publish its initial Bitcoin per share figure after its initial acquisition phase concludes, providing investors with a clearer view of the underlying asset value per share.

BTCT's strategy aligns with a growing trend among crypto companies that view Bitcoin as both a speculative asset and a tool for liquidity, lending, and capital efficiency. This move comes amid a broader trend of long-term Bitcoin holders accumulating the asset, despite seeing new price highs. The company’s Bitcoin purchase reflects this broader accumulation trend, which brings a “key signal” from long-term holders that can be factored into any trading strategy.