Toronto, Ontario--(Newsfile Corp. - August 28, 2026) - 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. The financial statements and Management Discussion & Analysis can be found on sedarplus.ca.

Q2 2026 Financial Results
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

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 decrease of $604,871 on the digital currency loan receivable, reflecting the decline in the price of Bitcoin during the six months ended June 30, 2026 (CME CF Bitcoin Reference Rate at the close of June 30, 2026 was CAD $83,146 per BTC, a decrease of approximately 31% from the December 31, 2025 close of CAD $119,688 per BTC). These decreases were partially offset by a net change in fair value increase of $1,442,589 on the revaluation of the convertible debentures and lending income of $87,560. Operating expenses for the six months totalled $1,032,792.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Bitcoin Treasury
Bitcoin Treasury Corporation 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 Corporation intends to maintain a robust treasury position while building a scalable platform for Bitcoin-based financial services.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects" or "does not expect", "is expect", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", or variations of such words and phrases) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: risks related to the Company's NCIB, including that the NCIB may not commence on the anticipated Commencement Date, may not be extended, may be suspended or terminated earlier than expected, may not result in the repurchase of the anticipated number of Common Shares, and is subject to limitations imposed by the TSXV and applicable securities laws; fluctuations in the market price of the Common Shares and other market conditions that may affect the timing, extent, or pricing of purchases under the NCIB; the availability of cash flows and capital required to fund repurchases under the NCIB; business integration risks; the Company's operating results will experience significant fluctuations due to the highly volatile nature of Bitcoin; the Company operates in a heavily regulated environment and any material changes or actions could lead to negative adverse effects to the business model, operational results, and financial condition of the Company; evolving cryptocurrency regulatory requirements and the impact on the Company's business plan; Bitcoin value risk; reliance on key personnel; implementation of the Company's business plan; lack of operating history; competitive conditions; de banking and financial services risk; anti money laundering and corrupt business practices; additional capital; financing risks; global financial conditions; insurance and uninsured risks; cybersecurity risks; changes to bank fees or practices, or payment card networks; audit of tax filings; market for the common shares of Bitcoin Treasury; market price of the common shares of Bitcoin Treasury; conflicts of interest; internal controls; tariffs and the imposition of other restrictions on trade could adversely affect the Company's business; risk of litigation; pandemics or other health crisis; acquisitions and integration; risk of dilution of Bitcoin Treasury securities; dividend policy; Bitcoin price volatility; custodial risks; technological vulnerabilities; Bitcoin transactions are irreversible and may result in significant losses; short history risk; limited history of the Bitcoin market; potential decrease in the global demand for Bitcoin; economic and political factors; top Bitcoin holders control a significant percentage of the outstanding Bitcoin; availability of exchange traded products liquidity; security breaches; the requirements that accompany being a publicly traded company may put a strain on the Company's resources, divert attention from management, and adversely affect its ability to maintain and attract management and qualified board members; liquidity risk; leverage risk; and share price fluctuations.

Although management of the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements or information, whether as a result of new information, change in management's estimates or opinions, future circumstances or events or otherwise, except as expressly required by applicable securities law.

The TSXV has neither approved nor disapproved the contents of this news release.

¹ BTC Holdings include the principal amount of Bitcoin loaned but exclude accrued and unpaid interest.
² BPS is calculated as BTC Holdings divided by adjusted diluted shares outstanding. Adjusted diluted shares outstanding equal common shares outstanding plus the conversion equivalent of the convertible debentures (2,083,333 common shares at the $12.00 conversion price), and exclude the 2,431,667 performance warrants outstanding (none of which had vested as at June 30, 2026).

Not for distribution to United States news wire services or for dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311990

Source: Bitcoin Treasury Corporation