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Jun 28, 2025, 2:33 p.m.
- 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 . 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.
STORY CONTINUES BELOW
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 data, while private firms are estimated to hold 290,878 BTC worth over $31 billion.
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
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