What are you going to do with that Bitcoin to make money. Well, as a business, we're going to build products and services that have customers and high margins and growth and cash flow. So I've been very vocal.I don't think of 21 as a Treasury company. We're a Bitcoin company and it's such a simple term that it might go in one ear and out the other. But if you think about it, there are no Bitcoin companies.The spectrum, as we see it, is on one side you have these Treasury businesses which aren't as focused o ...

Toronto, Ontario--(Newsfile Corp. - December 15, 2025) - Bitcoin Treasury Corporation (TSXV: BTCT) (OTCQB: BTCFF) ("Bitcoin Treasury" or the "Company"), a Canadian Bitcoin-native company building shareholder value in Bitcoin, today announced its intention to ‎initiate a Normal Course Issuer Bid ("NCIB") through the facilities of the TSX Venture Exchange ("TSXV") and/or alternative Canadian trading systems to repurchase, for cancellation, up to 989,228 common shares of the Company ("Common Shares"), represe ...

Core Insights - Bitcoin Treasury Corporation has engaged LodeRock Advisors Inc. for strategic investor relations and capital markets communication services [1][2][3] - The agreement includes a monthly fee of $12,500 for LodeRock's services, which can be terminated by either party with 90 days' notice [2] - LodeRock is a prominent investor relations firm with expertise in equity research and investment management, aiming to enhance capital market success for its clients [3] Company Overview - Bitcoin Treasury Corporation is focused on institutional-grade Bitcoin services, initially offering Bitcoin-denominated loans [5] - The company's core strategy is to build shareholder value through strategic accumulation and active deployment of Bitcoin, while also aiming to grow Bitcoin per Share (BPS) [5] - The corporation intends to maintain a robust treasury position and develop a scalable platform for Bitcoin-based financial services, recognizing Bitcoin's finite supply and long-term potential [5]

Core Viewpoint - Bitcoin Treasury Corporation has received a receipt for its final base shelf prospectus, allowing it to raise up to $300 million over 25 months, while also reporting its Q3 2025 financial results, which show a significant turnaround in net income compared to the previous quarter [1][2][3]. Financial Results Summary - Total assets increased to $124,745,142 for Q3 2025 from $117,278,517 in Q2 2025 [4]. - The company reported a net income of $1,586,411 for Q3 2025, a significant improvement from a net loss of $27,796,337 in Q2 2025 [4][7]. - The comprehensive income for Q3 2025 was $10,253,456, compared to a loss of $27,796,337 in the previous quarter [8]. Operational Milestones - The company successfully listed on the OTCQX under the ticker symbol BTCFF on September 18, 2025, to enhance trading accessibility for U.S. investors [6]. - On October 10, 2025, Bitcoin Treasury received registration as a Money Services Business (MSB) from FINTRAC, and entered into a consulting agreement with FRNT Financial Inc. to develop its institutional Bitcoin lending business [6]. Strategic Goals - The CEO emphasized the company's strategy to build an institutional-quality Bitcoin services business and to maximize Bitcoin per share (BPS) for shareholders [3]. - The company aims to accumulate more Bitcoin and enhance shareholder value through strategic capital market access [3].

Core Insights - Bitcoin Treasury Corporation has launched its first Bitcoin lending program with an inaugural loan to an institutional trading firm, marking a significant step in its strategy to enhance shareholder value through Bitcoin accumulation and deployment [1][3][4] - The company is developing an institutional Bitcoin services platform, with lending and capital markets operations as its two main pillars to maximize Bitcoin per share [2][4] Company Strategy - The core strategy of Bitcoin Treasury is to build shareholder value by strategically accumulating and actively deploying Bitcoin, aiming to grow Bitcoin per share (BPS) [4] - The company recognizes Bitcoin's finite supply and long-term potential, intending to maintain a robust treasury position while developing a scalable platform for Bitcoin-based financial services [4] Market Position - As Bitcoin transitions from a niche asset to a foundational element of global finance, the opportunities for institutional Bitcoin services are expanding [3] - The inaugural loan represents a practical application of the company's strategy to not only hold Bitcoin but also utilize it to create new revenue streams and strengthen its role in the global financial system [3]

Core Viewpoint - Coinbase Global (COIN) stock has seen a recent decline of 10%, currently priced at $309.14, despite strong operational results and financial health, but is considered relatively expensive due to its very high valuation compared to the broader market [1][3]. Valuation - COIN trades at over 11 times trailing revenue, significantly higher than the S&P 500's approximately 3 times [3][6]. - The market capitalization of Coinbase is $79 billion, indicating a substantial presence in the crypto financial infrastructure sector [5]. Growth - Over the past three years, Coinbase has achieved an average revenue growth rate of 23.3% [6]. - Revenues increased by 49% from $4.7 billion to $7.0 billion in the last 12 months, with quarterly revenues growing by 3.3% to $1.5 billion [6][10]. Profitability - COIN's operating income for the last 12 months was $1.9 billion, resulting in an operating margin of 27.0% [10]. - The company generated approximately $2.9 billion in net income, reflecting a net margin of about 40.8% [10]. Financial Stability - COIN's cash and cash equivalents amount to $9.5 billion, which is 40.7% of its total assets of $23 billion [10]. - The debt-to-equity ratio stands at 5.6%, with total debt of $4.4 billion [10]. Market Sensitivity - Coinbase is highly sensitive to cryptocurrency market cycles, with trading volumes and sentiment closely tracking the volatile nature of the crypto markets [3][6]. - The stock has historically performed worse than the S&P 500 during economic downturns, indicating weak resilience [7].

Core Insights - 21Shares has appointed Mickey Janvier as Head of North America Sales to enhance its distribution strategy in the U.S. market [1][2] - The U.S. has experienced significant crypto adoption in 2025, driven by favorable legislative and regulatory conditions [2] - 21Shares currently manages over $11 billion in assets and has launched spot Bitcoin and Ethereum ETFs in 2024 [3] Company Overview - 21Shares is a leading provider of cryptocurrency exchange traded products (ETPs) and offers the largest suite of crypto ETPs in the market [4] - The company aims to bridge traditional finance and decentralized finance, having launched the world's first physically-backed crypto ETP in 2018 [4] - 21Shares is backed by a specialized research team and proprietary technology, focusing on innovative and cost-efficient investment solutions [4] Leadership and Strategy - Mickey Janvier brings over a decade of experience in distribution and business development, previously serving as Head of Americas Distribution at Perpetual Asset Management [2][3] - Janvier's leadership is expected to strengthen relationships with financial advisors, wealth management platforms, and institutional buyers [1][2] - The firm is focused on enhancing client support and expanding its reach throughout North America [2][3]

Core Insights - Bitcoin Treasury Corporation (BTCT) has successfully listed on the TSX Venture Exchange, marking a significant milestone for the company [1][2] - The company aims to enhance shareholder value through strategic accumulation and deployment of Bitcoin, while also focusing on increasing Bitcoin per Share (BPS) [2] Company Overview - BTCT is a Canadian-based entity formed through the amalgamation of 2680083 Alberta Ltd. and Bitcoin Treasury Corporation [2] - The company's strategy is centered around maintaining a strong treasury position and developing a scalable platform for Bitcoin-based financial services, recognizing Bitcoin's finite supply and long-term potential [2]