Bitcoin Treasury Corporation Resumes Trading After $92 Million Capital Raise

Bitcoin Treasury Corporation (BTCT), a Toronto-based cryptocurrency lending firm, is set to resume trading on the Toronto Stock Exchange (TSX) Venture Exchange following a successful capital raise of $92 million. This relisting aligns with the company's broader strategy focused on Bitcoin. The firm has confirmed that over 10 million of its common shares, listed under the ticker “BTCT,” have been issued and are currently outstanding, following a recent brokered offering. The raise, totaling 125 million Canadian dollars, involved the sale of 426,650 shares at CA$10 ($7.32) each, with a holding period of four months and one day.

BTCT has allocated a portion of the raised funds to purchase 292.8 BTC for approximately $31.5 million. This acquisition marks BTCT’s first significant Bitcoin purchase under its new lending and accumulation initiative. The purchased Bitcoin will be utilized to provide liquidity services to clients, serving not only as an asset but also as a tool for lending and capital optimization. The firm plans to release a “Bitcoin per share” figure post-acquisition, offering shareholders greater transparency regarding the value of its Bitcoin holdings.

BTCT’s strategy reflects a broader trend in the cryptocurrency space, where long-term holders are increasingly reluctant to sell their Bitcoin despite recent price increases. According to CryptoQuant data, there has been a record accumulation of 800,000 BTC in wallets that have not sold for at least six months. This trend is seen as a key indicator of market sentiment, suggesting that major holders remain bullish on Bitcoin’s long-term value, even as institutional investors like BTCT actively engage in the market.