Bitcoin Treasury Corporation Acquires 478.57 BTC for CAD $70 Million
Bitcoin Treasury Corporation, a Canadian firm, has completed the first phase of its bitcoin acquisition campaign, purchasing 478.57 BTC for CAD $70 million (approximately $51 million). This increases its total holdings to 771.37 BTC.
- The purchase equates to 0.0000634 BTC per fully diluted share.
- The company plans to lend part of its BTC treasury to trading desks and other counterparties.
- Publicly traded companies hold a total of 841,715 BTC valued at over $90 billion.
- Private firms are estimated to possess 290,878 BTC worth over $31 billion.