Mr. Elliot Johnson reports
BITCOIN TREASURY CORPORATION PROVIDES FEBRUARY UPDATE ON NORMAL COURSE ISSUER BID
Bitcoin Treasury Corp. today is providing an update on its previously disclosed normal course issuer bid (NCIB) on Jan. 5, 2026. Bitcoin Treasury has purchased and retired 133,900 common shares from Feb. 1, 2026, through to Feb. 28, 2026, at an average price of $4.33 per share. These purchases represent another month of bitcoin per share (BPS) growth, with BPS increasing 0.23 per cent year to date to 0.00006359.
Elliot Johnson, chief executive officer of Bitcoin Treasury, commented: "Our NCIB remains an important capital allocation tool that allows us to increase bitcoin per share when our stock trades at a discount to the value of our bitcoin holdings. We are pleased to see continued progress and will remain disciplined and opportunistic in executing buybacks that enhance long-term shareholder exposure to bitcoin."
As of Feb. 28, 2026, the company had 9,893,980 common shares outstanding and 11,977,313 diluted common shares outstanding. Year to date, the company's total bitcoin holdings have decreased to 761.63 BTC while BPS has grown 0.23 per cent. 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, representing approximately 10 per cent of the company's public float (as defined by the TSX-V). 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.
About Bitcoin Treasury Corp.
Bitcoin Treasury 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.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.