Others finance for development, but it is actually to buy a coin!

A $43 million CAD Bitcoin transaction has revealed just the tip of the iceberg in the collective 'coin hoarding' of Canadian listed companies.

43,127,353 CAD! 292.8 BTC!
BTCT, listed on the Toronto Stock Exchange's startup board, today officially announced that it has completed its first Bitcoin asset acquisition—lightning purchasing 292.8 Bitcoins for nearly $43 million CAD.

This transaction marks the full launch of the company's 'BTCT Bitcoin acquisition plan', with $125 million in ammunition already loaded.

Lightning Action: Financing, listing, and bulk buying, a three-in-one approach.

While most investors are still watching Bitcoin's pullback, Bitcoin Treasury Corporation has quietly completed a capital operation blitz:

$125 million ammunition in place: The company quickly raised $125 million through issuing 426,650 shares and prior financing;

Multi-Exchange Startup Board Listing: Simultaneously listed on the Toronto Stock Exchange's startup board, opening up fundraising channels in the secondary market;

292.8 BTC acquired in a flash: Funds arrived and immediately spent $43 million CAD to purchase Bitcoin, with a single transaction scale surpassing most mining companies' monthly production.

From ringing the bell at the exchange to Bitcoin being credited, the entire process is as efficient as algorithmic trading. The company's CEO emphasized in a statement: 'This is just the beginning of BTCT's Bitcoin acquisition plan.'

Looking closely at the transaction details, this acquisition harbors secrets:

Unit price surpasses $104,000: Converted at the CAD to USD exchange rate, BTCT paid an average of about $108,000/BTC.

Premium reveals urgent mindset: Compared to Bitcoin's market price of $106,000 on the day of the announcement, institutions are willing to pay nearly $2,000 in premium, highlighting a 'cost-ignoring buying' mentality.

This price is even higher than the average price of Bitcoin purchased by another Canadian listed company, Belgravia Hartford, in June, which was $102,848, highlighting the FOMO sentiment among institutions.

Canadian Legion: Listed companies are launching a Bitcoin arms race.

BTCT is not an isolated case—Canada's capital market is witnessing a surge of 'Bitcoin hoarding maniacs':

Neptune Digital Assets: Holding 376 BTC, with a one-time increase of 20 BTC at the beginning of 2025;

Bitcoin Treasury Capital: Initiated reserve strategy and acquired 66 BTC, valued at 66 million Swedish Krona;

Belgravia Hartford: After securing a $5 million credit line, quickly converted $500,000 into 4.8 BTC.

Regulatory tolerance and capital tool innovation have made Canada a 'testing ground' for listed companies to allocate Bitcoin. BTCT's single purchase of nearly 300 BTC will further escalate this arms race.

Will this be the domino effect of traditional capital entering the market?

Behind this acquisition, a transformation of traditional financial structures is brewing:

Credit leverage drives coin prices: Belgravia Hartford acquired Bitcoin through a credit line from Round13 Digital Asset Fund, and BTCT may replicate this model to amplify capital effects;

The compliance process of exchanges is accelerating: Multi-Exchange is opening listings for Bitcoin-related companies, paving a compliant entry for traditional capital;

National strategic signal: Following the proposal by South Korean lawmaker Min Byung-duk to amend laws to allow Bitcoin ETFs in Korea, the global regulatory wall is collapsing.

When Bitcoin on a listed company's balance sheet shifts from 'alternative asset' to 'strategic reserve', the tide of traditional capital may reconstruct the valuation logic of Bitcoin.

With BTCT's $125 million ammunition loaded, the first round of acquiring 292.8 BTC feels like the opening shot of the arms race for listed companies hoarding Bitcoin!
The real FOMO moment for institutions has not yet arrived—when North American peers of MicroStrategy collectively start 'corporate financial Bitcoinization', $100,000 may only be the starting point of a new pricing era.

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