Bitcoin Treasury Corporation (BTCT) announces the resumption of its share trading on the TSX Venture Exchange after a previous halt.
Resumption of Trading
Bitcoin Treasury Corporation announced that its shares will start trading again on the TSX Venture Exchange from June 30, 2025, under the symbol 'BTCT'. Trading was previously halted but is now cleared to resume. There will be over 10 million shares available for trading.
Successful Fundraising Round
The company completed a successful fundraising round, selling 426,650 shares at $10 CAD each, raising a total of $125 million CAD (around $92 million USD). The offered shares can be held in registered Canadian investment accounts like RRSPs, RESPs, RRIFs, RDSPs, TFSAs, FHSAs, and DPSPs.
Bitcoin Accumulation Strategy
Following the fundraising, BTCT purchased 292.8 Bitcoins for approximately CAD $43,127,353 (around USD $31.5 million). This is part of the company’s new Bitcoin accumulation strategy, which aims to use its Bitcoin for both long-term holding and for offering lending services to institutions.
The moves by Bitcoin Treasury Corporation reflect a wider trend in the crypto market, where companies and long-term holders are accumulating more Bitcoin.
