Bitcoin Treasury has invested $31.6 million to purchase Bitcoin, and will be listed on the Toronto Stock Exchange.

According to Gate News bot, CoinDesk reported that institutional lending and liquidity service provider Bitcoin Treasury Corp. (BTCT) has invested 43 million CAD (approximately 31.6 million USD) to acquire 292.80 Bitcoins, initiating a strategy aimed at building a robust digital asset treasury.

This Toronto-based company stated that it views Bitcoin as both a long-term reserve asset and an important component of its revenue model, and plans to use these holdings to support its institutional lending business.

Bitcoin Treasury aims to provide institutional-grade services linked to the digital asset economy by leveraging the $125 million raised from the recent completion of the brokerage stock issuance and any revenue generated from the purchase of Bitcoin. The company stated that it will focus on strict risk management and creating shareholder value, positioning itself as a leader in Bitcoin financial solutions.

The company’s stock will start trading on the TSX Venture Exchange on June 30, after the company has reverse acquired 2680083 Alberta Ltd. The shares of the merged entity listed for the first time at a price of 10 Canadian dollars on Thursday, and trading was immediately halted by the exchange.

Although BTCT and 268 stocks have not been listed before, this merger is a shortcut for the company, allowing BTCT to become a public company without undergoing a traditional IPO, while 268 stocks serve as a private shell company established for this purpose.

This issuance involves multiple financial institutions, including Canaccord Genuity, Stifel, National Bank Financial Markets, BMO Capital Markets, and CIBC Capital Markets.