Toronto, Ontario--(Newsfile Corp. - February 5, 2026) - Bitcoin Treasury Corporation (TSXV: BTCT) (OTCQB: BTCFF) ("Bitcoin Treasury" or the "Company"), a Canadian Bitcoin-native company building shareholder value in Bitcoin, today announced the commencement of its previously disclosed Normal Course Issuer Bid ("NCIB") on January 5, 2026. Bitcoin Treasury has purchased and retired 47,200 common shares through to January 31, 2026, at an average price of $5.79 per share. These purchases mark the first period in which the Company has increased Bitcoin per Share ("BPS"), with BPS growth year-to-date of 0.088%, resulting in BPS of 0.00006350.1
Elliot Johnson, CEO of Bitcoin Treasury, commented, "We are thrilled to be making progress towards our North Star, increasing Bitcoin per share. When BTCT's share price trades at a significant discount to net asset value, we are buyers of the stock. We will continue to be opportunistic increasing BPS as market conditions permit."
As of January 31, 2026, The Company has 10,027,880 common shares outstanding and 12,111,213 diluted common shares outstanding.2 To date, the Company's total Bitcoin holdings have decreased to 769.05 BTC to fund the share repurchases.3 As the Company scales its Bitcoin lending business and Bitcoin Price Risk Management Program, it expects income generated from operating activities to support share repurchases.
The NCIB allows for the repurchase, for cancellation, up to 989,228 common shares of the Company ("Common Shares"), representing approximately 10% of the Company's "public float" (as defined by the TSXV). The Company expects to use the NCIB when management believes the Common Shares are trading at a price range that does not adequately reflect the Company's value.
[1] Bitcoin per Share ("BPS") is calculated as BTC Holdings divided by diluted shares outstanding, which include convertible debentures and exclude performance warrants.
[2] Diluted shares outstanding include convertible debentures and exclude performance warrants.
[3] BTC Holdings include the principal amount of Bitcoin loaned but exclude accrued and unpaid interest.
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 Company 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: risks related to the Company's NCIB, including that the NCIB may not commence on the anticipated Commencement Date, may not be extended, may be suspended or terminated earlier than expected, may not result in the repurchase of the anticipated number of Common Shares, and is subject to limitations imposed by the TSXV and applicable securities laws; fluctuations in the market price of the Common Shares and other market conditions that may affect the timing, extent, or pricing of purchases under the NCIB; the availability of cash flows and capital required to fund repurchases under the NCIB; business integration risks; the Company's operating results will experience significant fluctuations due to the highly volatile nature of Bitcoin; the Company 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 Company; evolving cryptocurrency regulatory requirements and the impact on the Company's business plan; Bitcoin value risk; reliance on key personnel; implementation of the Company'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 Company'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 Company'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 Company 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 Company 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.
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The TSXV has neither approved nor disapproved the contents of this news release.
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Source: Bitcoin Treasury Corporation
