Bitcoin Treasury Corp Goes Big: Snaps Up 292 BTC Ahead of Toronto Exchange Debut

Wall Street meets blockchain—with a side of Canadian flair.

Bitcoin Treasury Corporation just dropped 292 BTC into its war chest, signaling bullish conviction as it gears up for its Toronto trading debut. No timid dollar-cost averaging here—this is a full-throttle bet on crypto's institutional future.

Why Toronto? The Great White North's warming up to digital assets faster than a maple syrup chug at a hockey game. While traditional finance still debates 'Is Bitcoin money?', these guys are printing tickets to the digital gold rush.

Fun fact: 292 BTC would've been lunch money in 2020. Today? A $15M flex that makes your 401(k) look like a piggy bank.

Cynical take: Somewhere in Manhattan, a hedge fund manager is still explaining why he 'needs more data' before allocating 1% to crypto.

O que saber:

• Bitcoin Treasury Corporation raised $125 million through a brokered share offering at $10 per share.

• The company bought 292.80 bitcoin for C$43.1 million as the foundation for corporate treasury model.

Bitcoin Treasury Corp. (BTCT), a provider of institutional lending and liquidity services, said it bought 292.80 Bitcoin for C$43 million ($31.6 million), launching an accumulation strategy aimed at building a robust digital asset treasury.

The Toronto-based company said it viewed bitcoin as both a long-term reserve asset and a crucial part of its revenue model, planning to use the holdings to support its institutional loans business.

With the $125 million raised from a recently completed brokered share offering and any income resulting from the BTC purchase, Bitcoin Treasury aims to deliver institutional-grade services tied to the digital asset economy. It said it will focus on disciplined risk management and creating shareholder value as it positions itself as a leader in bitcoin-backed financial solutions.

The company's shares are set to begin trading on the TSX Venture Exchange on June 30, following its reverse takeover of 2680083 Alberta Ltd. Shares of the merged entity were first listed at C$10 on Thursday with an immediate halt applied by the exchange.

Although neither BTCT nor 268 shares were listed previously, the merger is a corporate shortcut that lets BTCT become a public company without a traditional IPO, using 268 as a private shell vehicle set up specifically for this purpose.

The offering involved multiple financial institutions including Canaccord Genuity, Stifel, National Bank Financial Markets, BMO Capital Markets, and CIBC Capital Markets.