Bitcoin Treasury Corporation Reports Q2 2026 Financial Results

Bitcoin Treasury Corporation (TSXV: BTCT) (OTCQB: BTCFF) ("Bitcoin Treasury" or the "Company"), a Canadian Bitcoin-native company building shareholder value in Bitcoin, today announced that it has filed its financial results for the quarter ended June 30, 2026.

Elliot Johnson, CEO of Bitcoin Treasury, commented, "Q2 2026 was our second consecutive quarter of Bitcoin per Share growth, achieved despite a meaningful decline in the price of Bitcoin over the first half of the year. Bitcoin per Share is how we measure value creation, and repurchasing shares through our Normal Course Issuer Bid remains a core tool for growing it. Our institutional lending business continued to expand and earn Bitcoin-denominated yield on our holdings."

Key milestones achieved during the quarter ended June 30, 2026 include:

On January 5, 2026, the Company commenced its Normal Course Issuer Bid ("NCIB"). During Q2 2026, the Company repurchased and cancelled 308,800 common shares under the NCIB for total consideration of $1,232,104 (82,600 shares in April at average $4.16; 75,500 shares in May at average $4.24; 150,700 shares in June at average $3.78).

On May 10, 2026, the Company's 50 BTC fixed-term loan to a US-based trading firm matured. On May 11, 2026, the Company entered into a new 100 BTC fixed-term loan with the same counterparty under the Master Loan Agreement dated October 20, 2025.

During three months ended June 30, 2026, the Company sold approximately 16.17 BTC for cash proceeds of approximately $1,579,930, primarily used to fund the NCIB share repurchase program.

The Company's total Bitcoin position decreased from 771.37 BTC at December 31, 2025 to 743.84 BTC at June 30, 2026.

Summary of Quarterly Results

For the three months ended June 30, 2026: Total assets $63,207,672, Revenue $59,870, Total operating expenses ($560,370), Net income (loss) ($7,869,506).

For the three months ended March 31, 2026: Total assets $72,665,231, Revenue $27,690, Total operating expenses ($472,422), Net income (loss) ($19,280,840).

For the three months ended December 31, 2025: Total assets $94,278,497, Revenue $3,592, Total operating expenses ($865,314), Net income (loss) ($17,999,300).

For the three months ended September 30, 2025: Total assets $126,288,462, Revenue Nil, Total operating expenses ($1,352,397), Net income (loss) $3,830,688.

For the three months ended June 30, 2025: Total assets $117,278,517, Revenue Nil, Total operating expenses ($25,401,935), Net income (loss) ($27,796,337).

Net income (loss) and comprehensive income (loss) for the three months ended June 30, 2026 was ($7,869,506). Basic net income (loss) per share was $(0.81). Fully diluted net income (loss) per share was $(0.81).

Bitcoin holdings: 743.84 BTC. Adjusted diluted shares outstanding: 11,622,013. BPS: 0.0000640. BPS growth (period over period): +0.57%.

Net loss and comprehensive loss for the three months ended June 30, 2026 was $7,869,506. The loss was driven primarily by a net change in fair value decrease of $8,180,801 on the revaluation of the Company's Bitcoin holdings (digital currency and digital currency held as collateral), reflecting the decline in the price of Bitcoin during the quarter. This decrease was partially offset by a net change in fair value increase of $676,314 on the digital currency loan receivable, a net change in fair value increase of $195,418 on the revaluation of the convertible debentures, and lending income of $59,870. Operating expenses for the quarter totalled $560,370.

Net loss and comprehensive loss for the six months ended June 30, 2026 was $27,150,346 (June 30, 2025: $27,796,645). The loss was driven primarily by a net change in fair value decrease of $26,945,166 on the revaluation of digital currency and digital currency held as collateral and a net change in fair value...