Toronto’s Bitcoin Binge: BTCT Scoops Up 478 Coins, Spooks Accountants Everywhere

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In the glamorous, occasionally confusing world of corporate treasure hunts, Toronto-based Bitcoin Treasury Corporation (TSXV: BTCT) has just stormed onto the scene with the subtlety of Bridget Jones at a singles’ night after three glasses of Chardonnay. Having officially completed its first bout of “let’s buy more Bitcoin than sense,” the company now sits on an impressive 771.37 BTC stash, fresh from its latest shopping spree—478.57 Bitcoins at C$70 million. Now there’s a retail therapy mood if ever there was one. 🛍️💸

What does this mean for shareholders (other than sweaty palms and obsessive price-checking)? Each share now magically entitles you to a shiny 0.0000634 BTC. Not exactly yacht money, but, you know, one has to start somewhere—preferably somewhere with less volatility and slightly fewer existential crises.

Bitcoin Treasury Corporation Announces Completion of Initial Bitcoin Acquisition Phase and Now Holds a Total of 771.37 Bitcoin

— Bitcoin Treasury Corp (@BTCTreasuryCorp) June 28, 2025

The stated grand plan? Convert boardrooms into Bitcoin dens and show the world how a digital coin collection can totally “anchor” a company’s finances (anchors: incidentally, also useful for ships—and people lost at sea).

All of this unfolds just as BTCT’s stock is about to make its swaggering return to the TSX Venture Exchange, ticker “BTCT.” Because obviously, spreadsheets weren’t exciting enough—now, accountants everywhere are drinking before lunch. The shares had a little hiatus for capital-raising and regulatory nods, but they’re back and, hopefully, ready for less drama than the average British rom-com.

Fund-raising, you ask? BTCT flogged 426,650 shares at C$10 each, raking in C$125 million (or, in real money, about US$92 million). The fresh-off-the-press shares qualify for a smorgasbord of Canadian registered plans—RRSPs, TFSAs, RESPs, RRIFs… It’s only a matter of time before someone tries to put Bitcoin in a lunchbox or winter hat. 🍁

Early birds: try to contain yourselves. There’s the obligatory four-month-and-one-day holding period, barring you from instant gratification. Set your countdowns for 27 October 2025—and no peeking!

So, with 10 million-plus shares floating around and a war chest that could make Scrooge McDuck emotional, BTCT is now one of the brave few Canadian companies treating Bitcoin like a corporate security blanket. If their lending program works out, they might just become the Great White North’s answer to MicroStrategy—minus, hopefully, the Twitter feuds and sleep deprivation.

First act: coming Monday at the open. Will investors dive in for glory, or will everyone just refresh their portfolio apps and panic quietly? Stay tuned. 📉📈🍿

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2025-06-28 12:26