Cryptoprowl.com / Bitcoin Treasury Corp. (CSE: $BTCT) has begun repurchasing its own shares through a new stock buyback program.
Toronto-based Bitcoin Treasury Corp. said it repurchased 47,200 common shares at an average price of $5.79 each, spending a total of $273,288 on its first stock buybacks.
At the end of 2025, the company announced plans to repurchase up to 989,228 shares, or about 10% of its public float, when it feels its stock is trading below its intrinsic value.
The company currently has 10,027,880 common shares outstanding and holds 769 Bitcoin (BTC) valued at $53 million U.S. based on the current price.
Stock buybacks, or share repurchases, benefit shareholders by reducing the total number of outstanding shares and boosting their ownership in a publicly traded company.
Buybacks can also boost a stock’s price and serve as a tax-efficient alternative to dividends, allowing investors to defer capital gains taxes.
In a news release, Elliot Johnson, chief executive officer (CEO) of Bitcoin Treasury Corp., said, “As our revenue streams grow and diversify and if our shares trade at a meaningful discount to NAV, we plan to be buyers of BTCT because doing so increases Bitcoin per share.”
BTCT stock jumped 11% higher on news of its share repurchases.
However, over the last 12 months, the company’s share price has declined 56% to trade at $4.30 in Toronto, mirroring the decline in Bitcoin’s price.
