Bitcoin

BTCT to Resume Trading June 30 After 292 BTC Purchase

Bitcoin Treasury Corporation (BTCT) announced that it will resume trading on the TSX Venture Exchange starting June 30, 2025. Having previously halted, the company has now met all requirements to restart under the symbol “BTCT.”, with more than 10 million shares available to investors on the exchange.

This comes days after a completed fundraising round, selling 426,650 shares at 10 Canadian dollars each, raising a total of 125 million CAD, approximately 92 million USD. According to the company, the shares can be held in registered Canadian accounts such as RRSPs, TFSAs, and RESPs. However, investors must hold the shares for at least four months and one day from the issue date of June 26, 2025, before selling.

The share offering was led by Canaccord Genuity and Stifel,, with support from BMO Capital Markets, CIBC Capital Markets, and National Bank Financial Markets. On June 24, 2025, the TSX Venture Exchange confirmed that BTCT had met all final listing requirements.

Following the fundraising, BTCT purchased the 292.8 Bitcoins with part of the raised capital.  The company now holds these Bitcoins on its balance sheet, with plans to announce how much Bitcoin each share represents once the acquisition phase ends. The company intends  to lend either Bitcoin or Bitcoin-backed money to other businesses to generate revenue while managing risks.

This strategy is part of a broader trend in the crypto market. More companies and long-term Bitcoin holders are accumulating Bitcoin as a valuable asset. According to CryptoQuant data, entities holding Bitcoin for at least six months increased their supply by 800,000 BTC, marking a 30-day record.

BTC long Term Holder Net Position Change | Source: CryptoQuant

BTCT’s new approach aims to combine holding Bitcoin long term with providing liquidity and lending solutions. The company said this will help create more capital efficiency and generate revenue.

A CryptoQuant contributor, Darkfrost, noted that increased Bitcoin accumulation by long-term holders is “a key signal” for traders to consider. 

Also Read: Coinbase Set to Launch Crypto Futures for Bitcoin, Ethereum

Richard Ogunjobi

Richard Ogunjobi is a well-experienced crypto journalist who has covered topics that cut across several topics and niches. Richard has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, and loving traveling.

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