A Canadian company recently listed on the TSX Venture Exchange under the ticker 'BTCT' after a successful CA$125 million funding round.
The company acquired nearly 293 BTC with part of the raised capital, valued at around $31.5 million, as part of a strategy to offer institutional lending and liquidity solutions backed by Bitcoin reserves.
BTCT's move signifies a trend among crypto firms using Bitcoin not only as a reserve asset but also for capital efficiency.
Market data indicates a surge in Bitcoin holdings by long-term holders, with wallets inactive for six months or more collectively adding 800,000 BTC in just 30 days.