Bitcoin Treasury
Bitcoin Treasury Corporation (TSX-V: BTCT; OTCQB: BTCFF) is a Canadian public company that holds 751.50 BTC as its primary treasury asset and seeks to grow Bitcoin per Share through accumulation, institutional Bitcoin lending, and share repurchases for Canadian and US investors.
- Company typePublic
- Founded2025
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Bitcoin Treasury does
Bitcoin Treasury Corporation (TSX-V: BTCT; OTCQB: BTCFF) is a Canadian Bitcoin-native public company that holds Bitcoin as its primary treasury asset and seeks to grow Bitcoin per Share (BPS) for shareholders through accumulation, institutional lending, and disciplined capital allocation. The company was formed via reverse-takeover amalgamation of 2680083 Alberta Ltd. with the predecessor Bitcoin Treasury Corporation on June 23, 2025, and listed on the TSX Venture Exchange on June 30, 2025, following a CAD $125 million concurrent financing. As of May 31, 2026, it held 751.50 BTC with 9,689,380 common shares outstanding (11,772,713 diluted) and a BPS of 0.00006383.
The company's core operating products are institutional Bitcoin-denominated lending (yield generation through fixed-term loans to trading counterparties), Bitcoin liquidity services (institutional-grade market access), and Bitcoin collateral services (providing BTC as collateral to Layer 2 networks). A Bitcoin Price Risk Management Program launched December 18, 2025 writes options against a portion of holdings to generate incremental Bitcoin-denominated premiums. A real-time dashboard at treasury.btctcorp.com publishes BTC holdings, share count, market capitalization, and BPS. Operationally, lending execution and counterparty due diligence are delegated to FRNT Financial Inc. under a consulting agreement, and back-office administration is provided by Evolve Funds Group Inc. — the latter a related party given the overlap between BTCT's CEO (Elliot Johnson) and Chairman (Raj Lala) and senior roles at Evolve.
The business model combines three revenue streams: (i) usage-based interest income on Bitcoin loans (CAD $27,690 in Q1 2026, with the inaugural 7 BTC loan upscaled to a 50 BTC loan with the same US-based institutional counterparty), (ii) transaction-based options premium capture from the risk-management program, and (iii) capital formation through equity and debt issuance under the CAD $300 million base shelf prospectus to fund further BTC accumulation. Distribution occurs via the dual TSX-V/OTCQB listing plus eligibility for Canadian registered accounts (TFSAs, RRSPs, RESPs, RRIFs, RDSPs, FHSAs, DPSPs), and a Normal Course Issuer Bid repurchases shares when the equity trades below the per-share Bitcoin holding value. FY2025 revenue was CAD $3,592 against a net loss of CAD $44.2 million, the latter driven primarily by CAD $20.8 million in Bitcoin revaluation losses and CAD $24.1 million in share-based payments on performance warrants.
Bitcoin Treasury firmographics
Firmographics- Name
- Bitcoin Treasury
- Legal name
- Bitcoin Treasury Corporation
- Website
- https://btctcorp.com
- Company type
- Public
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Bitcoin Treasury Corporation (TSX-V: BTCT; OTCQB: BTCFF) is a Canadian public company that holds 751.50 BTC as its primary treasury asset and seeks to grow Bitcoin per Share through accumulation, institutional Bitcoin lending, and share repurchases for Canadian and US investors.
- Ownership category
- akta.pro rank
Bitcoin Treasury industry classification
Industry- Product category
- Bitcoin Treasury Management
- NAICS
- Other Financial Investment Activities (5239), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Treasury Management & Corporate Crypto Yield Programs (FSADAHAL)
- akta.pro secondary industry
- Crypto Borrowing & Margin Credit Facilities (FSADAFAC)
Keywords
Where Bitcoin Treasury is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Bitcoin Treasury business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Bitcoin Lending Income: The company earns yield on its Bitcoin holdings by providing Bitcoin-denominated loans to institutional trading firms. The inaugural loan was executed on November 11, 2025 with a US-based trading firm. The company enters into Master Loan Agreements with counterparties and charges interest on Bitcoin loans, with the first loan generating $27,690 in lending income in Q1 2026.
- Bitcoin Price Risk Management / Options Income: Writing options against a portion of Bitcoin holdings during periods of elevated volatility to earn option premiums denominated in or convertible into Bitcoin, effectively increasing BPS without requiring incremental capital. The company intends to selectively employ options and other derivative instruments.
- Capital Formation / Share Issuance: Raising capital through issuance of common shares, preferred shares, debt securities, subscription receipts, warrants under its base shelf prospectus (up to CAD $300 million over 25 months) to fund additional Bitcoin acquisitions and business operations.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Bitcoin Treasury product offering
Product offeringCore offering
Bitcoin Treasury Corporation accumulates and holds Bitcoin as its primary treasury asset and deploys those holdings across institutional Bitcoin services. The company provides Bitcoin-denominated lending to institutional trading firms, Bitcoin liquidity services to market participants, and Bitcoin collateral services to Layer 2 networks. Its overarching goal is to grow Bitcoin per Share (BPS) for shareholders through strategic corporate finance, disciplined capital allocation, and disciplined risk management.
Product overview
Bitcoin Treasury Corporation operates as a single unified Bitcoin-native financial services platform offering three core institutional services: Bitcoin Lending Services (yield generation through Bitcoin-denominated loans to institutional counterparties), Bitcoin Liquidity Services (institutional-grade liquidity provision), and Bitcoin Collateral Services (providing BTC as collateral to Layer 2 networks). The platform is supported by a Bitcoin Price Risk Management Program that employs options trading to generate incremental Bitcoin without additional capital. The company also provides a real-time Treasury Dashboard for investor transparency. All services are designed to maximize Bitcoin per Share (BPS) for shareholders while maintaining full Bitcoin exposure.
Differentiator
Problem solved
Functional benefit
Products and services
- Bitcoin Lending Services Institutional Bitcoin-denominated lending program that transforms passive Bitcoin holdings into yield-generating assets while maintaining full Bitcoin exposure. Provides loans to institutional trading firms and counterparties under Master Loan Agreements.
- Bitcoin Liquidity Services Institutional-grade Bitcoin liquidity services designed to provide market participants with access to Bitcoin liquidity, supporting the broader Bitcoin financial ecosystem.
- Bitcoin Collateral Services Services providing Bitcoin as collateral to Layer 2 networks and other blockchain protocols, powering Bitcoin scalability solutions.
- Bitcoin Price Risk Management Program Options trading program that writes options against Bitcoin holdings to generate incremental Bitcoin premiums without requiring additional capital, designed to increase Bitcoin per Share (BPS) in a disciplined manner.
Quantifiable outcome
- BPS growth of 0.62% year-to-date as of May 31, 2026, achieved through Normal Course Issuer Bid share repurchases totaling 227,600 shares at average price of $4.54
- +2 more outcomes
Companies that use Bitcoin Treasury
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Bitcoin Treasury technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Bitcoin Treasury partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- LodeRock Advisors Inc.coreBTCT retained LodeRock Advisors Inc. for strategic investor relations and capital markets communication services. Monthly fee of $12,500 for ongoing strategic communication services. The engagement is subject to TSX Venture Exchange approval. LodeRock is a leading investor relations firm with senior professionals from investor relations, equity research, and investment management.
- FRNT Financial Inc.coreBTCT entered into a consulting agreement with FRNT Financial to accelerate the buildout of its institutional Bitcoin lending business. FRNT provides expertise in Bitcoin lending strategies, due diligence, and counterparty selection. This is described as the first partnership of its kind in the nascent digital asset treasury segment. FRNT CEO Stéphane Ouellette noted BTCT leverages nearly a decade of experience FRNT has in capital markets operations within the digital asset ecosystem.
- Evolve Funds Group Inc.coreBTCT has entered into an administrative services agreement with Evolve Funds Group Inc., a Canadian asset manager and leader in digital asset investment products. Evolve provides operational support to BTCT on a delegated basis, including administrative and back-office functions. BTCT retains full responsibility for strategic direction, regulatory compliance, business operations, and shareholder relations. Certain directors and officers of BTCT also serve in managerial or governance roles at Evolve, including CEO Elliot Johnson (CIO and COO at Evolve) and Chairman Raj Lala (CEO of Evolve ETFs).
Scale indicators8 records
Recent moves9 records
Expansion highlights7 records
Bitcoin Treasury competitors and assessment
Company assessmentDirect peers
- MicroStrategy (Strategy): The largest publicly listed corporate Bitcoin treasury company, accumulating BTC on balance sheet and using capital markets and convertible debt to fund purchases — directly comparable business model to BTCT, with much greater scale.
- Marathon Digital Holdings (MARA Holdings): Public Bitcoin-focused company combining BTC treasury accumulation with Bitcoin-related financial services; comparable to BTCT in its treasury-led capital markets strategy and use of equity/debt raises to grow BTC holdings.
- Riot Platforms: Public Bitcoin miner that has increasingly emphasized Bitcoin holdings on its balance sheet, competing with BTCT for capital-markets-driven BTC accumulation and treasury growth.
- Semler Scientific: U.S. public company that adopted a Bitcoin treasury strategy similar to MicroStrategy, using capital markets to build BTC-per-share — a close small-cap analog to BTCT's BPS growth thesis.
- Hut 8 Corp. Canadian-listed digital asset infrastructure company that combines Bitcoin mining with on-balance-sheet BTC holdings, providing a domestic comparable to BTCT's Canadian Bitcoin treasury model.
- Hive Digital Technologies: Canadian-listed company with a treasury of Bitcoin and Ethereum; shares the BTCT model of using capital markets to grow crypto holdings per share, primarily in the TSX-V ecosystem.
Broad incumbents
- Block Inc. Large-cap public company holding Bitcoin on its balance sheet as part of a broader payments/financial services platform; not a pure-play treasury but shares the corporate Bitcoin holding thesis.
- Tesla, Inc. Public corporate holder of Bitcoin cited explicitly by BTCT in its value proposition; competes for narrative around corporate treasuries adopting BTC, though not a pure-play treasury vehicle.
Emerging players
- FRNT Financial Inc. TSX-V listed digital asset financial services firm and BTCT's strategic consulting partner; provides comparable Bitcoin lending and capital markets services in the Canadian market.
Others
- Evolve Funds Group (Evolve ETFs): Canadian digital asset ETF issuer that provides administrative/back-office services to BTCT and shares overlapping management; offers competing regulated Bitcoin investment vehicles (e.g., EBIT) in the Canadian market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Bitcoin Treasury social profiles
Digital presenceBitcoin Treasury compliance and trust
Trust signalCompliance2 records
Bitcoin Treasury financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bitcoin Treasury leadership team
Management profileNumber of profiles
Profiles8 records
Bitcoin Treasury funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bitcoin Treasury M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bitcoin Treasury
What does Bitcoin Treasury do?
Bitcoin Treasury Corporation accumulates and holds Bitcoin as its primary treasury asset and deploys those holdings across institutional Bitcoin services. The company provides Bitcoin-denominated lending to institutional trading firms, Bitcoin liquidity services to market participants, and Bitcoin collateral services to Layer 2 networks. Its overarching goal is to grow Bitcoin per Share (BPS) for shareholders through strategic corporate finance, disciplined capital allocation, and disciplined risk management.
Is Bitcoin Treasury a public or private company?
Bitcoin Treasury is a public company. It is classified as public and is currently operating.
When was Bitcoin Treasury founded?
Bitcoin Treasury was founded in 2025. It employs 1 to 10 people.
Where is Bitcoin Treasury based?
Bitcoin Treasury is headquartered in Toronto, Canada, in the North America region.
How does Bitcoin Treasury make money?
Three revenue lines are on record. Bitcoin Lending Income is the primary driver. The others are bitcoin Price Risk Management / Options Income and capital Formation / Share Issuance.
Who are Bitcoin Treasury's main competitors?
Direct peers on record are MicroStrategy (Strategy), Marathon Digital Holdings (MARA Holdings), Riot Platforms, Semler Scientific, Hut 8 Corp. and Hive Digital Technologies. Broad incumbents are Block Inc. and Tesla, Inc.. FRNT Financial Inc. is listed as an emerging player. Evolve Funds Group (Evolve ETFs) is listed as an others.
Does Bitcoin Treasury have an API?
No public API is recorded for Bitcoin Treasury.
What industry is Bitcoin Treasury in?
Bitcoin Treasury's product category is Bitcoin Treasury Management. Its primary akta.pro industry code is FSADAHAL, Treasury Management & Corporate Crypto Yield Programs, with a secondary code of FSADAFAC, Crypto Borrowing & Margin Credit Facilities. Its NAICS code is 5239 and its SIC code is 6199.