BTC
$106,988.29
–
0.38%
ETH
$2,454.37
–
0.43%
USDT
$1.0003
–
0.01%
XRP
$2.1016
–
3.61%
BNB
$644.27
–
0.34%
SOL
$142.31
–
1.14%
USDC
$0.9998
–
0.00%
TRX
$0.2712
+
0.08%
DOGE
$0.1617
–
0.58%
ADA
$0.5588
–
1.07%
HYPE
$37.05
–
0.24%
WBT
$47.55
+
0.27%
BCH
$498.30
+
0.22%
SUI
$2.6599
–
0.84%
LINK
$13.17
–
0.18%
LEO
$9.0162
+
0.41%
AVAX
$17.58
+
0.75%
XLM
$0.2355
–
1.89%
TON
$2.8364
+
0.28%
SHIB
$0.0₄1129
–
2.13%
By James Van Straten|Edited by Sheldon Reback
Jun 27, 2025, 8:16 a.m.
- Bitcoin Treasury Corporation raised $125 million through a brokered share offering at $10 per share.
- The company bought 292.80 bitcoin for C$43.1 million as the foundation for corporate treasury model.
Bitcoin Treasury Corp. (BTCT), a provider of institutional lending and liquidity services, said it bought 292.80 bitcoin
for C$43 million($31.6 million),launching an accumulation strategyaimed at building a robust digital asset treasury.
The Toronto-based company said it viewed bitcoin as both a long-term reserve asset and a crucial part of its revenue model, planning to use the holdings to support its institutional loans business.
STORY CONTINUES BELOW
With the $125 million raised from a recently completed brokered share offering and any income resulting from the BTC purchase, Bitcoin Treasury aims to deliver institutional-grade services tied to the digital asset economy. It said it will focus on disciplined risk management and creating shareholder value as it positions itself as a leader in bitcoin-backed financial solutions.
The company’s shares are set to begin trading on the TSX Venture Exchange on June 30, following its reverse takeover of 2680083 Alberta Ltd. Shares of the merged entity were first listed at C$10 on Thursday with an immediate halt applied by the exchange.
Although neither BTCT nor 268 shares were listed previously, the merger is a corporate shortcut that lets BTCT become a public company without a traditional IPO, using 268 as a private shell vehicle set up specifically for this purpose.
The offering involved multiple financial institutions including Canaccord Genuity, Stifel, National Bank Financial Markets, BMO Capital Markets, and CIBC Capital Markets.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
