Bitcoin Treasury Updates Normal Course Issuer Bid with August Share Repurchases

Bitcoin Treasury Corporation has provided an update on its Normal Course Issuer Bid (NCIB) for August. The company purchased and retired 115,200 common shares from August 1 to August 31 at an average price of $3.15 per share.

This marks another month of Bitcoin per Share growth, with BPS increasing by 1.16% year-to-date to 0.00006418. As of August 31, the company had 9,411,280 common shares outstanding and 11,494,613 diluted common shares outstanding.

The NCIB allows for the repurchase of up to 989,228 common shares, representing approximately 10% of the company's public float. Bitcoin Treasury 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.