The Canadian company Bitcoin Treasury Corp has successfully completed the first stage of its strategy, resulting in an increase of its Bitcoin portfolio to 771.37 BTC. According to the company, the recent acquisition of 478.57 BTC was made for a total of 70 million Canadian dollars (approximately 51.05 million USD).
This is reported by Finway
Portfolio Growth and Future Plans
Following the latest purchase, the number of Bitcoins per share (BPS) for Bitcoin Treasury Corp has reached 0.0000634 BTC. The company clarifies that this figure accounts for bonds but does not include warrants—financial instruments for purchasing securities. Representatives of Bitcoin Treasury Corp emphasize that they will continue to increase their holdings of the first cryptocurrency, adhering to their chosen strategy.
Additionally, the company plans to use a portion of its cryptocurrency reserves to develop new services, particularly for institutional lending and providing liquidity to other counterparties. The exact share of reserves that will be allocated for this purpose has not yet been specified. Meanwhile, the company notes that the accumulation of Bitcoins and maximizing BPS remain key principles of its business model.
“The accumulation of Bitcoins and maximizing BPS will remain a cornerstone of the firm’s business model.”
Resumption of Trading on the Exchange and Industry Context
Bitcoin Treasury Corp has also announced the resumption of trading its shares on the TSX Venture Exchange under the ticker BTCT starting June 30, 2025. Previously, trading was temporarily halted due to the completion of a reverse merger with 2680083 Alberta Ltd.
It is worth noting that Bitcoin Treasury Corp and several other companies are following the approach of Strategy (formerly MicroStrategy), which is the largest public corporate holder of Bitcoins in the world. This business model involves actively raising capital for further investments in cryptocurrency, despite the potential risks associated with the asset’s volatility.