Toronto, Ontario--(Newsfile Corp. - November 14, 2025) - Bitcoin Treasury Corporation (TSXV: BTCT) (OTCQX: BTCFF) ("Bitcoin Treasury" or the "Company"), a Canadian Bitcoin-native company building shareholder value in Bitcoin, today announced that it has received a receipt for its final base shelf prospectus (the "Shelf Prospectus") filed with the securities regulatory authorities in each of the provinces and territories of Canada. Additionally, the Company has filed its financial results for three and nine months ended September 30, 2025 ("Q3 2025"). The Shelf Prospectus, financial statements and Management Discussion & Analysis can be found on sedarplus.ca.
The Shelf Prospectus
The Shelf Prospectus provides Bitcoin Treasury with the flexibility to raise up to $300 million over a 25-month period through the issuance of common shares, preferred shares, debt securities, subscription receipts, warrants, or any combination thereof.
Elliot Johnson, CEO of Bitcoin Treasury, said, "This milestone is another proof point that our team is executing on our plan and we now have more tools to increase Bitcoin per share ("BPS"). Accessing capital markets is core to our long-term goal of maximizing BPS and accumulating more Bitcoin for our shareholders."
Q3 2025 Financial Results
Mr. Johnson continued, "We've set a strategy of building an institutional quality Bitcoin Services Business and an external capital formation engine. Our team has recently achieved several milestones to advance this strategy and the third quarter also demonstrated our leverage to Bitcoin through an $8.5 million fair value gain on our BTC holdings. We are working diligently to build a business for the long-term and we continue to have conviction that BTCT can provide value to investors that want to own more Bitcoin."
Milestones achieved during and subsequent to Q3 2025 include:
On September 18, 2025, BTCT successfully listed on the OTCQX, ticker symbol BTCFF, to broaden its investor base and improve trading accessibility for U.S. investors
October 10, 2025, BTCT received registration from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business (MSB)
Also on October 10, 2025, BTCT entered into a consulting agreement with FRNT Financial Inc. (TSXV: FRNT) to accelerate the buildout of its institutional Bitcoin lending business
Summary of Quarterly Results
| For the three months ended September 30, 2025 | For the three months ended June 30, 2025 | |
| Total Assets | $124,745,142 | $117,278,517 |
| Revenue | $Nil | $Nil |
| Operating expenses | ($1,352,397) | ($27,796,337) |
| Net income (loss) | $1,586,411 | ($27,796,337) |
| Net income (loss) and comprehensive income (loss) | $10,253,456 | ($27,796,337) |
| Basic and fully diluted net income (loss) per share | $0.16 | $(35.67) |
| Bitcoin holdings | B 771.37 | B 771.37 |
| Adjusted diluted shares outstanding | 12,158,413 | 12,158,413 |
| BPS1 | B 0.0000634 | B 0.0000634 |
Net income was $1,586,411 for the three months ended September 30, 2025. The Company incurred professional fees of $611,691. Professional fees included $484,735 in legal fees relating to the development of the Company's lending business and the application for a Money Services Business license. Professional fees also included $97,446 in audit related fees and $29,510 in accounting fees. Other expenses of $112,768 were incurred in filing fees related to the listing on the OTCQX during the period and going TSXV listing fee and $83,555 in marketing related expenses. These expenses were offset by a $3,507,209 unrealized gain on change in fair value of convertible debentures.
Net income and comprehensive income was $10,253,456 for the three months ended September 30, 2025. The Company recorded a net gain of $8,468,971 on the revaluation of digital currency and digital currency held as collateral.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Bitcoin Treasury
Bitcoin Treasury Corporation is a Canadian-based company focused on institutional-grade Bitcoin services, initially offering Bitcoin-denominated loans. Bitcoin Treasury's core strategy is to build shareholder value through the strategic accumulation and active deployment of Bitcoin, while growing Bitcoin per Share (BPS). Recognizing Bitcoin's finite supply and long-term potential, the Corporation intends to maintain a robust treasury position while building a scalable platform for Bitcoin-based financial services.
To learn more, visit www.btctcorp.com and join us on social media: X | LinkedIn
For further information, please contact:
Bitcoin Treasury Corporation
Elliot Johnson, Chief Executive Officer
Phone: 416-619-3403
Email: info@btctcorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects" or "does not expect", "is expect", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", or variations of such words and phrases) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: business integration risks; the Corporation's operating results will experience significant fluctuations due to the highly volatile nature of Bitcoin; the Corporation operates in a heavily regulated environment and any material changes or actions could lead to negative adverse effects to the business model, operational results, and financial condition of the Corporation; evolving cryptocurrency regulatory requirements and the impact on the Corporation's business plan; Bitcoin value risk; reliance on key personnel; implementation of the Corporation's business plan; lack of operating history; competitive conditions; de banking and financial services risk; anti money laundering and corrupt business practices; additional capital; financing risks; global financial conditions; insurance and uninsured risks; cybersecurity risks; changes to bank fees or practices, or payment card networks; audit of tax filings; market for the common shares of Bitcoin Treasury; market price of the common shares of Bitcoin Treasury; conflicts of interest; internal controls; tariffs and the imposition of other restrictions on trade could adversely affect the Corporation's business; risk of litigation; pandemics or other health crisis; acquisitions and integration; risk of dilution of Bitcoin Treasury securities; dividend policy; Bitcoin price volatility; custodial risks; technological vulnerabilities; Bitcoin transactions are irreversible and may result in significant losses; short history risk; limited history of the Bitcoin market; potential decrease in the global demand for Bitcoin; economic and political factors; top Bitcoin holders control a significant percentage of the outstanding Bitcoin; availability of exchange traded products liquidity; security breaches; the requirements that accompany being a publicly traded company may put a strain on the Corporation's resources, divert attention from management, and adversely affect its ability to maintain and attract management and qualified board members; liquidity risk; leverage risk; and share price fluctuations.
Although management of the Corporation believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date of this news release, and the Corporation does not undertake any obligation to update publicly or to revise any of the included forward-looking statements or information, whether as a result of new information, change in management's estimates or opinions, future circumstances or events or otherwise, except as expressly required by applicable securities law.
The TSXV has neither approved nor disapproved the contents of this news release.
1BPS is a non-GAAP measure calculated as units of Bitcoin held as at September 30, 2025, divided by adjusted diluted shares outstanding. Adjusted diluted shares outstanding includes common shares of 10,075,080 and convertible debentures of 2,083,333.
Not for distribution to United States news wire services or for dissemination in the United States.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274438
SOURCE: Bitcoin Treasury Corporation
