Newly Listed Canadian Company Turns to Bitcoin to Power Liquidity Strategy
Starting Monday, its shares will trade on the TSX Venture Exchange under the ticker “BTCT.”
The relisting follows a successful CA$125 million ($92M) funding round, during which BTCT issued over 426,000 new shares at CA$10 each. The company now has more than 10 million shares outstanding. These newly issued shares will remain under a short-term trading restriction in line with Canadian securities law.
With part of the capital raised, BTCT acquired nearly 293 BTC — valued at approximately $31.5 million — marking its first major purchase as part of a long-term strategy to offer institutional lending and liquidity solutions backed by Bitcoin reserves. The firm plans to release a Bitcoin-per-share metric following this accumulation phase.
BTCT’s move reflects a growing shift among crypto firms treating Bitcoin not only as a reserve asset but also as a tool for capital efficiency.
Meanwhile, broader market data shows long-term holders are also ramping up their positions. CryptoQuant reports that wallets inactive for six months or more have collectively added 800,000 BTC in just 30 days, signaling strong conviction despite recent price highs.
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Filed under: Bitcoin - @ June 27, 2025 4:30 pm