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Bitcoin News

Canada’s BTCT to Resume Trading on June 30, Buys 292 BTC

BTCT bought 292.8 Bitcoins for approximately USD $31.5 million. This is part of the company’s new Bitcoin accumulation strategy.

Written By Jalpa Bhavsar
Fact Checked by Jahnu Jagtap
Published June 27, 2025 8:15 PM·Updated 1 year ago
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Canada’s BTCT to Resume Trading on June 30, Buys 292 BTC

Bitcoin Treasury Corporation (BTCT) announced that its shares will start trading again on the TSX Venture Exchange from June 30, 2025, under the symbol “BTCT.” The trading was previously halted but is now cleared to resume. The company has over 10 million shares available for trading.

The company also completed a successful fundraising round, selling 426,650 shares at $10 CAD each. They have raised 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.

However, investors cannot sell these shares right away. There is a required holding period of four months and one day, starting from June 26, 2025, the day the shares were issued.

The TSX Venture Exchange also confirmed that Bitcoin Treasury Corporation met all the final listing requirements. This was announced in a bulletin on June 24, 2025, after the offering was completed.

This recent share offering led by Canaccord Genuity and Stifel as co-lead agents. They were joined by other major players in Canada’s financial sector, including BMO Capital Markets, CIBC Capital Markets, and National Bank Financial Markets.

Following the fundraising, BTCT bought 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. The company now holds this Bitcoin on its balance sheet and will soon announce how much Bitcoin is backed per share.

BTCT aims to use its Bitcoin not just for long-term holding, but also to offer lending services to institutions. The company will lend either Bitcoin or money backed by Bitcoin to other businesses. The goal is to earn revenue while carefully managing risk.

This move by BTCT reflects a wider trend in the crypto market, where companies and long-term holders are accumulating more Bitcoin.

Also Read: Anthony Pompliano’s $1B Bitcoin Treasury Company to Go Public

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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