BTC Digital Ltd. primarily focuses on the extraction of cryptocurrencies, with a particular emphasis on Bitcoin. Beyond its core mining operations, the firm also handles the sale and leasing of specialized mining hardware. The company adopted its current name, BTC Digital Ltd., in August 2023, having previously operated under the designation Meten Holding Group Ltd. Established in 2006, its corporate headquarters are situated in Shenzhen, China.
Bitcoin Treasury Corporation Provides July Update on Normal Course Issuer Bid
Bitcoin Treasury repurchased 12,200 common shares in July at an average price of $3.19, driving a 0.90% year-to-date increase in Bitcoin per Share to 0.00006402.
Despite the buyback activity, the company's total Bitcoin holdings decreased to 743.22 BTC as of July 31, with 9.5 million basic shares outstanding.
The company continues to execute its NCIB, utilizing up to 989,228 shares, and plans to fund future repurchases through income from its Bitcoin lending and risk management programs.