Bitcoin Treasury Corporation to Resume TSXV Trading After $92M Raise and 292 BTC Purchase
Bitcoin Treasury Corporation (BTCT) will resume trading on the Toronto Stock Exchange Venture Exchange from June 30 under the ticker “BTCT,” with over 10 million shares issued. The resumption follows a brokered offering that raised 125 million Canadian dollars ($92 million). BTCT issued 426,650 shares at 10 CA$ ($7.32) each, with a four-month holding period under Canadian securities laws. A portion of the proceeds was used to purchase 292.80 BTC for approximately $31.5 million, marking the company's first major BTC acquisition as part of its Bitcoin accumulation and institutional lending strategy. BTCT aims to use its Bitcoin reserves for liquidity solutions and plans to publish its initial Bitcoin per share figure post-acquisition phase. This aligns with a trend among crypto companies treating Bitcoin as a speculative asset. Additionally, long-term Bitcoin holders have accumulated 800,000 BTC, indicating strong confidence in the asset despite price fluctuations, according to CryptoQuant data.
