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Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After $51M Buy
The Toronto-listed firm plans to use its 771 Bitcoin trove for institutional lending.
Jun 28, 2025, 2:33 p.m.
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What to know:
- Bitcoin Treasury Corporation has completed the first phase of its bitcoin buying campaign, purchasing another 478.57 BTC for $51 million.
- The acquisition brings the company's total holdings to 771.37 BTC.
- The company's bitcoin holdings now represent approximately 0.0000634 BTC per fully diluted share, and it plans to lend part of its BTC treasury to trading desks and other counterparties.
Bitcoin Treasury Corporation, a Canadian firm focused on bitcoin-related services, has wrapped up the first leg of its bitcoin buying campaign, adding 478.57 bitcoin for CAD $70 million ($51 million) and boosting its total holdings to 771.37 BTC.
The accumulation works out to roughly 0.0000634 BTC per fully diluted share, the company said in a Friday press release. The Toronto-based firm plans to lend part of its BTC treasury to trading desks and other counterparties that need ready access to the cryptocurrency.
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The approach mirrors that of numerous other companies adopting bitcoin as a treasury reserve asset.
Publicly-traded companies now hold a total of 841,715 BTC worth over $90 billion, according to Bitcointreasuries data, while private firms are estimated to hold 290,878 BTC worth over $31 billion.
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Rampant speculation on crypto derivatives platforms is fueling volatility and risking bitcoin’s image as a stable hedge, says BlackRock’s digital assets chief.
What to know:
- BlackRock digital-assets chief Robert Mitchnick warned that heavy use of leverage in bitcoin derivatives is undermining the cryptocurrency’s appeal as a stable institutional portfolio hedge.
- Mitchnick said bitcoin’s fundamentals as a scarce, decentralized monetary asset remain strong, but its trading increasingly resembles a "levered NASDAQ," raising the bar for conservative investors to adopt it.
- He argued that exchange-traded funds like BlackRock’s iShares Bitcoin ETF are not the main source of volatility, pointing instead to perpetual futures platforms.
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