BTCT Resumes Trading After $92M Raise
Canadian Bitcoin lending company Bitcoin Treasury Corporation (BTCT) has resumed trading on the TSX Venture Exchange (TSXV), a public venture capital marketplace for emerging companies. The company announced on June 26th, 2025, that its common shares would be traded under the ticker "BTCT", with over 10 million shares issued and outstanding.
Successful Funding Round and BTC Acquisition
This resumption follows a brokered offering that raised $92 million CAD ($67 million USD) in gross proceeds. BTCT issued 426,650 shares at $10 CAD ($7.32 USD) each. A portion of these funds was used to purchase 292.8 BTC at a total cost of approximately $31.5 million USD, marking their first major Bitcoin acquisition. This purchase is part of BTCT's new Bitcoin accumulation and institutional lending strategy, aiming to offer liquidity solutions to clients.
Market Implications
BTCT's strategy reflects a broader trend among crypto companies leveraging Bitcoin for liquidity, lending, and capital efficiency. The company plans to publish its initial Bitcoin per share figure after its initial acquisition phase, offering investors greater transparency into the underlying asset value. The 292.8 BTC purchase also aligns with a larger trend of long-term Bitcoin holders accumulating the asset. Data from CryptoQuant shows that entities holding BTC for at least six months have increased their holdings by 800,000 BTC, a 30-day record.
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