Bitcoin Treasury Corp Buys $31.6 Million BTC Ahead of TSXV Trading Debut

Bitcoin Treasury Corporation announced that it purchased 292.80 BTC for $31.6 million and will begin trading on the TSX Venture Exchange (TSXV) under ticker BTCT on June 30, 2025.

To support the acquisition, Bitcoin Treasury issued 426,650 common shares at a price of $7.33 each, raising $3.13 million from the offering. Together with its concurrent financing, it raised $91.64 million in aggregate gross proceeds. The corporation used part of the raised funds to buy Bitcoin, trading around $107,000 per coin at the time of purchase. 

The company now holds 292.80 Bitcoin on its balance sheet and plans to publish a Bitcoin-per-share ratio once the current accumulation phase ends. After the financing, Bitcoin Treasury has 10,075,080 common shares outstanding. 

The company went public through a reverse takeover of Alberta Ltd, a private shell corporation. This structure allowed Bitcoin Treasury to avoid a traditional initial public offering (IPO). The TSXV confirmed on June 24 that the company met all listing requirements after completing the offering and financing.

Under TSXV rules, newly issued shares have a statutory hold period before free trading can begin. The offered shares carry a four-month-and-one-day hold period, expiring on October 27, 2025.

Canaccord Genuity and Stifel acted as co-lead agents, together with National Bank Financial Markets, BMO Capital Markets, CIBC Capital Markets, and others,

the company said in a statement.

Bitcoin Treasury plans to use its Bitcoin holdings for institutional lending solutions and liquidity services while following risk management and custody protocols. The company sees Bitcoin as both a reserve asset and core part of its revenue model, deploying the cryptocurrency across its service offerings.