David Edwards
Bitcoin Treasury Corporation (BTCT), a Canadian firm specializing in Bitcoin-based lending, is set to resume trading on the TSX Venture Exchange following a successful $92 million capital raise.
The company announced that trading will recommence on Monday under the ticker symbol “BTCT,” with over 10 million common shares issued and outstanding. The relisting follows a brokered offering that secured 125 million Canadian dollars (approximately $92 million USD) in gross proceeds. A total of 426,650 shares were issued at CA$10 ($7.32) per share, subject to a statutory holding period of four months and one day under Canadian securities regulations.
$31.5 Million Bitcoin Acquisition Signals New Strategic Phase
In tandem with its market reentry, BTCT disclosed a strategic purchase of 292.8 Bitcoin, valued at approximately $31.5 million, funded in part from the offering proceeds. This acquisition marks the company’s first major deployment of capital under a new strategy focused on Bitcoin accumulation and institutional lending.
BTCT aims to leverage its Bitcoin reserves to provide liquidity and capital efficiency solutions for its clients. The company stated it would publish a “Bitcoin per share” metric upon the completion of its initial acquisition phase to enhance transparency and help investors gauge the intrinsic value of its holdings.
This approach reflects a broader industry trend of using Bitcoin not only as a speculative asset but also as a financial instrument to support lending and liquidity operations.
Macro Context: Long-Term Holders Accumulate at Record Pace
The timing of BTCT’s Bitcoin acquisition coincides with a surge in accumulation by long-term holders. According to data from CryptoQuant, entities holding Bitcoin for over six months have collectively added 800,000 BTC over a recent 30-day span—setting a new record.
CryptoQuant contributor Darkfost described the trend as a “key signal” that long-term holders remain confident in Bitcoin’s valuation despite recent price peaks.
BTCT’s announcement follows broader movements across crypto capital markets, such as Bit Digital’s 15% stock decline after a $150 million offering and strategic pivot toward Ethereum.
