Bitcoin Treasury Corporation, a Canadian firm specializing in institutional-grade Bitcoin services, has acquired 292.8 BTC for $31.6 million. This acquisition marks the launch of the company’s ambitious Bitcoin accumulation strategy, positioning it as a key player in the digital asset space. With plans to leverage its Bitcoin holdings for lending and liquidity solutions, the Toronto-based corporation prepares to trade publicly.
$31.6 Million Secures 292.8 BTC
Bitcoin Treasury Corporation raised $96.2 million through a brokered share offering, selling 426,650 shares at $7.7 each, finalized on June 26, 2025. A portion of these funds, $31.6 million, was used to acquire 292.8 Bitcoin at an average price of about $107,185 per BTC. This purchase reportedly forms the backbone of the company’s treasury model, viewing Bitcoin as both a long-term reserve asset and a tool for generating revenue.
The acquisition followed the company’s collaboration with 2680083 Alberta Ltd., a strategic merger that allowed it to become a public entity without a traditional IPO. This reverse takeover, completed on June 23, 2025, set the stage for the company’s financial moves. The company now has Bitcoin on its balance sheet, with plans to disclose its initial Bitcoin per Share (BPS) soon, offering transparency to investors.
Trading Debut on TSXV as BTCT
The Treasury Corporation seems set to begin trading on the TSX Venture Exchange (TSXV) under the symbol BTCT on June 30, 2025. The company’s common shares, totaling 10,075,080, were listed yesterday with an initial trading halt, which will lift at market open on Monday. This milestone follows the company’s successful listing application and share offering, positioning it to attract investors interested in Bitcoin-backed financial solutions.
The firm aims to utilize its Bitcoin holdings to provide institutional lending services, focusing on liquidity and collateral management while emphasizing risk mitigation. CEO Elliot Johnson highlighted the company’s commitment to shareholder value, with Bitcoin as a core component of its revenue strategy. The TSXV listing marks a significant step in establishing Bitcoin Treasury as a leader in the digital asset economy.
This bold move by Bitcoin Treasury Corporation reflects a broader trend, with over 61 public companies now holding 3.2% of Bitcoin’s total supply, worth billions. As firms like Strategy and Trump Media embrace Bitcoin treasuries, the crypto’s role in corporate finance expands, signaling a shift toward mainstream acceptance despite volatility risks.
