Core Viewpoint - Bitcoin Treasury Corporation plans to initiate a Normal Course Issuer Bid (NCIB) to repurchase up to 989,228 common shares, representing approximately 10% of the company's public float, to enhance shareholder value and support long-term objectives [1][2]. Group 1: NCIB Details - The NCIB will commence on January 5, 2026, and may last for up to 12 months unless the maximum number of shares is repurchased earlier or the company terminates it [2]. - The repurchase will be conducted through the TSX Venture Exchange and/or alternative Canadian trading systems, with National Bank Financial acting as the broker [3]. - The shares will be purchased at the prevailing market price, funded through available cash, revenues, working capital, or the sale of Bitcoin holdings [3]. Group 2: Company Strategy and Operations - Bitcoin Treasury focuses on institutional-grade Bitcoin services, including Bitcoin-denominated loans, aiming to build shareholder value through strategic accumulation and deployment of Bitcoin [5]. - The company has recently received its final base shelf prospectus and funded its first Bitcoin loan, indicating growth in revenue streams [2]. - The core strategy includes increasing Bitcoin per share (BPS) while maintaining a robust treasury position [5].
Bitcoin Treasury Corporation Announces Intention to Commence Normal Course Issuer Bid