%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment 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.