Bitcoin Treasury Corporation will resume public trading on the TSX Venture Exchange (TSXV) starting June 30, following an initial trading halt after its listing was approved earlier this week, the company confirmed on June 26.
The listing was approved in a bulletin issued by the TSXV on June 26, completing a milestone the firm had pursued through multiple stages of regulatory review since mid-June. Bitcoin Treasury Shares will trade under the symbol “BTCT” with the CUSIP number 09175U103. A total of 10,075,080 common shares are issued and outstanding.
$125 Million Raised Through Share Offering
In tandem with its market debut, Bitcoin Treasury completed a brokered equity offering, raising total gross proceeds of CAD $125 million. The transaction included the sale of 426,650 shares at CAD $10 each, combined with proceeds from previously announced concurrent financing.
The offering was led by Canaccord Genuity and Stifel, with support from a syndicate of financial institutions including National Bank Financial Markets, BMO Capital Markets, CIBC, and others. The agents received a combined commission of CAD $178,950 for their role in the transaction.
The newly issued shares are eligible for a wide range of Canadian tax-sheltered accounts, such as RRSPs and TFSAs, but will remain under a statutory hold period until late October, in accordance with Canadian securities regulations.
Company Acquires 292 Bitcoin as Part of Treasury Strategy
Following the close of financing, Bitcoin Treasury reported the acquisition of 292.80 Bitcoin for CAD $43.1 million on June 26. The purchase represents the launch of the company’s broader Bitcoin accumulation plan, aimed at integrating digital assets into its operating model.
The firm said it plans to use its Bitcoin reserves to support institutional lending solutions and liquidity programs. While no specific Bitcoin-per-share metric has yet been disclosed, the company indicated that it will release further data as its accumulation phase progresses.
BTCT joins a growing list of publicly listed firms using Bitcoin as a treasury asset, aligning its strategy with a longer-term view of Bitcoin as both a store of value and a revenue-generating instrument.
