Latest news with #ElliotJohnson
The Market Online
18-07-2025
- Business
- The Market Online
A new Bitcoin stock with high-conviction management
Since its founding in 2009, Bitcoin has surpassed a market capitalization of C$3.2 trillion, according to Coin Market Cap, attracting more than 400 million users worldwide thanks to its monumental returns – over 27,000 per cent since 2016 – as well as softening regulation and a growing role as a reserve asset and portfolio diversifier uncorrelated with both stocks and fiat currency. This content has been prepared as part of a partnership with Bitcoin Treasury Corp., and is intended for informational purposes only. That said, cryptocurrency remains a nascent asset class subject to wide swings, with numerous bull and bear markets having increased investors' heart rates over the past decade, and more likely to come as use-cases experience the normal cycle of creation and destruction every new technology must endure before becoming a permanent feature of human life. Crypto's risk of high volatility is why investors interested in the space are best served by gathering experts in their corner, allocating into management teams whose pedigrees speak for themselves when it comes to harnessing innovation into stakeholder value. A new stock worth evaluating under this thesis is Bitcoin Treasury (TSXV:BTCT), market capitalization C$89.7 million, a Canadian provider of institutional-grade Bitcoin services, including lending, liquidity and collateral, in conjunction with a treasury mandate that has accumulated 771.37 Bitcoins to date following a C$70 million purchase announced on June 27. The company's management team, composed of crypto industry veterans, brings a wealth of experience with strategic decision making aligned with value creation that goes a long way towards de-risking a retail investment. Let's meet them now: Elliot Johnson, Bitcoin Treasury's chief executive officer and chief compliance officer, previously served as chief investment officer and chief operating officer at Evolve, where he helped the asset manager launch some of Canada's first crypto investment vehicles, including a spot Bitcoin ETF (EBIT) and Ether ETF (ETHR), gaining a thorough understanding of how to build the infrastructure behind physically settled crypto products. Prior to Evolve, Johnson was senior vice president (VP) of retail markets at Fiera Capital, a top Canadian firm with more than C$100 billion under management, preceded by a technology management leader for numerous business lines at National Bank of Canada. Kaitlin Thompson, chief operating officer, currently serves as VP of product strategy at Evolve, which manages nearly C$300 million across six crypto ETFs. Her expertise spans product development and research for both traditional and digital assets. Thompson built her career over numerous years at Mackenzie Investments, where she progressed from the company's Business Management Rotational Program into a business development manager role overseeing advisors across the country. Heather Sim, chief financial officer (CFO), is a Chartered Professional Accountant with public company experience in Canada and the United States focused on crypto and traditional financial compliance. Sim has been president of Treewalk, an accounting solutions provider, since 2019, CFO of DMG Blockchain Solutions (TSXV:DMGI), an end-to-end blockchain technology developer, since 2021, and held the role of CFO at software company VSBLTY Groupe Technologies (CSE:VSBY) from 2020 to 2021. Finally, Keith Crone, chief marketing officer (CMO), has built a more than 25-year track record in investing sales and marketing, currently serving as CMO of Evolve. Career highlights include tenures as VP of retail markets at Fiera Capital, VP and partner of Propel Capital – which raised approximately C$1 billion in structured products within five years of operation – and senior VP of sales at JovFunds, the specialty investment arm under Jovian Capital, a financial holding company catering to the private wealth management market. Protected by a management team well-versed in monetizing crypto market demand, the Bitcoin stock offers a strong qualitative green flag towards a potential investment, earning considerable conviction in what the company is capable of delivering on in the quantitative category as service offerings hit the market and the growing treasury purifies its exposure to its target asset. To this end, Bitcoin Treasury has filed a preliminary short-form base-shelf prospectus in Canada that would allow it to distribute up to C$300 million in any combination of common shares, preferred shares, debt securities, subscription receipts and warrants over a 25-month period, granting it flexibility to respond to market volatility from a position of strength. See Johnson's interview with Stockhouse's Lyndsay Malchuk for further context. With the stock currently trading at a market capitalization well below the more than C$124 million its treasury would fetch on the open market, and Bitcoin's analyst consensus trending higher over the near-term and long-term – thanks to U.S. government enthusiasm, de-dollarization across the rest of the world, not to forget crypto's legitimate use-cases beyond the capabilities of traditional finance – it feels like a propitious time to open a risk-adjusted position in Bitcoin Treasury and build it as a greater allocation is earned through positive news flow, taking advantage of any dips along the way, allowing the company's highly-customized management team to deploy capital in line with shareholder value. Thanks for reading! I'll see you next week for a new edition of Weekly Market Movers, where I delve into companies that sat down with Stockhouse for an interview over the past week. Here's the most recent article, in case you missed it. Join the discussion: Find out what everybody's saying about this Bitcoin stock on the Bitcoin Treasury Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Hamilton Spectator
28-06-2025
- Business
- Hamilton Spectator
Bitcoin Treasury Corporation Announces Completion of Initial Bitcoin Acquisition Phase and Now Holds a Total of 771.37 Bitcoin
Not for distribution to United States news wire services or for dissemination in the United States. TORONTO, June 27, 2025 (GLOBE NEWSWIRE) — Bitcoin Treasury Corporation (TSXV:BTCT) ('Bitcoin Treasury' or the 'Corporation'), is pleased to announce that it has completed the initial phase of its Bitcoin accumulation plan in alignment with its core strategy to accumulate Bitcoin as a principal treasury asset. The Corporation acquired 478.57 Bitcoin for a total purchase price of CAD$70 million. The Corporation now holds 771.37 Bitcoin on its balance sheet. This results in a starting Bitcoin per Share ('BPS') of approximately 0.0000634. BPS is calculated on a fully diluted basis, accounting for the convertible debentures but excluding warrants. Bitcoin Treasury Corporation will continue to accumulate Bitcoin as part of its broader strategy to build long-term shareholder value. The Corporation plans to deploy its Bitcoin holdings through institutional lending and liquidity services, offering counterparties access to capital while maintaining a strong focus on financial security and risk management. The Corporation views Bitcoin not only as a long-term reserve asset, but as a foundational pillar of its business model and revenue strategy. Through disciplined corporate finance and institutional-grade Bitcoin services, the Corporation aims to grow BPS and redefine corporate treasury management for the digital age. 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. Recognizing Bitcoin's finite supply and long-term potential, the Corporation intends to maintain a robust treasury position while supporting the development of its service offerings. For further information, please contact: Bitcoin Treasury Corporation Elliot Johnson, Chief Executive Officer Phone: 416-619-3403 Email: ejohnson@ 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: business integration risks; the Corporation's operating results will experience significant fluctuations due to the highly volatile nature of Bitcoin; the Corporation 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 Corporation; evolving cryptocurrency regulatory requirements and the impact on the Corporation's business plan; Bitcoin value risk; reliance on key personnel; implementation of the Corporation'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 Bitcoin Treasury Shares; market price of the Bitcoin Treasury Shares; conflicts of interest; internal controls; tariffs and the imposition of other restrictions on trade could adversely affect the Corporation'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 Corporation'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 Corporation 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 Corporation 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.
Cision Canada
16-06-2025
- Business
- Cision Canada
Evolve XRP ETF Expected to Begin Trading on June 18, 2025
TORONTO , June 16, 2025 /CNW/ - Evolve Funds Group Inc. ("Evolve" or the "Manager") is pleased to announce that it has filed a final prospectus with plans to bring Evolve XRP ETF (" XRP " or the "Evolve Fund") to Canadian investors. XRP 's investment objective is to hold substantially all of its assets in physical XRP in order to provide a secure and convenient way for investors to hold the cryptocurrency in a brokerage account. XRP is expected to begin trading on the Toronto Stock Exchange ("TSX") on June 18, 2025 under the ticker symbols XRP (CAD Unhedged) and XRP .U (USD), subject to TSX approval. " XRP is built for real-world utility, enabling fast, low-cost cross-border payments and decentralized exchange functionality," said Elliot Johnson , Chief Investment Officer and Chief Operating Officer at Evolve. "With growing institutional adoption and greater regulatory clarity, we believe XRP is well-positioned as infrastructure for the future of finance." To achieve its investment objectives, the Evolve Fund will invest in long-term holdings of XRP , purchased through Coinbase and/or other reputable XRP trading platforms and OTC counterparties, in order to provide investors with a convenient, secure alternative to a direct investment in XRP . The Evolve Fund's portfolio will be priced based on, and the Evolve Fund's NAV will be calculated using, the CME CF XRP -Dollar Reference Rate. The CME CF XRP -Dollar Reference Rate is published every day of the year and is available on major vendor platforms such as Bloomberg and Reuters. The Evolve Fund is offering the following units: Evolve Fund USD Units CAD Units XRP √ √ XRP will not use derivatives and does not intend to pay regular cash distributions. The Evolve Fund does not seek to hedge any foreign currency exposure in respect of either the USD Units or the CAD Units. As it is the Evolve Fund's intention to invest in XRP on a passive basis, the Evolve Fund will not speculate with regard to changes in XRP prices. Purchases of XRP will generally only be undertaken by the Evolve Fund in response to subscriptions, and sales of XRP will generally only be undertaken by the Evolve Fund as required in order to fund expenses and redemptions. About Evolve Funds Group Inc. With $7 billion in assets under management, Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a demonstrated ability to succeed, Evolve creates investment products that make a difference. Learn more at Join us on social media: X | LinkedIn | Facebook | Youtube Evolve Funds Group Inc. is the investment fund manager and portfolio manager. Evolve XRP ETF (" XRP ") will be offered by Evolve Funds Group Inc., and distributed through authorized dealers. The information contained herein is a general description and is not intended to be specific investment advice to any particular investor nor intended to be investment or tax advice. You should not act or rely on the information contained herein without seeking the advice of an appropriate professional advisor. The unpredictable nature of the cryptoassets can lead to loss of funds. Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. Please read the prospectus before investing. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law. SOURCE Evolve ETFs CONTACT INFORMATION: Evolve ETFs, [email protected], t. 416.214.4884, tf. 1.844.370.4884; MEDIA CONTACT, Keith Crone, [email protected], 416.966.8716
Yahoo
15-04-2025
- Business
- Yahoo
Evolve Announces 0% Management Fee on the Evolve Solana ETF Expected to Begin Trading on April 16, 2025
TORONTO, April 14, 2025 /CNW/ - Evolve Funds Group Inc. ("Evolve" or the "Manager") is pleased to announce that it has filed a final prospectus and plans to eliminate the annual management fee on the Evolve Solana ETF ("SOLA" or the "Evolve Fund"). SOLA aims to offer investors exposure to the digital currency, Solana. SOLA is expected to begin trading on the Toronto Stock Exchange ("TSX") on April 16, 2025 under the ticker symbols SOLA (CAD Unhedged) and SOLA.U (USD), subject to TSX approval. The effective annual management fee on SOLA for the remainder of the calendar year ending December 31, 2025, will be zero basis points (0.00%)*. "In recent months, we have followed the rapid growth of Solana in both developer activity and real-world applications," says Elliot Johnson, Chief Investment Officer and Chief Operating Officer at Evolve. "We are impressed by its scalability and comparatively low transaction costs. This momentum positions it as an attractive opportunity for a broad range of investors. We're proud to contribute to adoption by offering investors the ability to hold Solana in an ETF with zero management fees for the remainder of the year in their brokerage accounts." SOLA's investment objective is to provide unitholders of the Evolve Fund with exposure to the daily price movements of the U.S. dollar price of Solana while experiencing minimal tracking error by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure. To achieve its investment objectives, the Evolve Fund will invest in long-term holdings of Solana, purchased through Coinbase and/or other reputable Solana trading platforms and OTC counterparties, in order to provide investors with a convenient, secure alternative to a direct investment in Solana. The Evolve Fund will not speculate with regard to short-term changes in Solana prices. The Evolve Fund may also, subject to any required regulatory approval, stake Solana held in its portfolio in order to earn rewards for the Evolve Fund, which rewards will, following the deduction of applicable fees and expenses, accrue to the Evolve Fund's NAV for the benefit of Unitholders. The Manager intends to initially target staking up to 50% of the Solana held in the portfolio of the Evolve Fund. The Evolve Fund's portfolio will be priced based on, and the Evolve Fund's NAV will be calculated using, the CME CF Solana-Dollar Reference Rate. The CME CF Solana-Dollar Reference Rate is a once-a-day benchmark index price for Solana denominated in U.S. dollars. The Evolve Fund is offering the following units: Evolve Fund USD Units CAD Units SOLA ✓ ✓ SOLA will not use derivatives and does not intend to pay regular cash distributions. The Evolve Fund does not seek to hedge any foreign currency exposure in respect of either the USD Units or the CAD Units. As it is the Evolve Fund's intention to invest in Solana on a passive basis, the Evolve Fund's holdings will not be actively managed and accordingly, will not be hedged or repositioned to attempt to take defensive positions if the price of Solana declines or is expected to decline, and it is not the intention of the Evolve Fund to attempt to predict increases in the price of Solana in order to increase returns. * as of January 1, 2026 a 1.00% management will apply to the Evolve Solana ETF. About Evolve Funds Group $7 billion in assets under management, Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a demonstrated ability to succeed, Evolve creates investment products that make a difference. Learn more at Join us on social media: Twitter | LinkedIn | Facebook | Youtube Evolve Funds Group Inc. is the investment fund manager and portfolio manager. Evolve Solana ETF ("SOLA") will be offered by Evolve Funds Group Inc., and distributed through authorized dealers. The information contained herein is a general description and is not intended to be specific investment advice to any particular investor nor intended to be investment or tax advice. You should not act or rely on the information contained herein without seeking the advice of an appropriate professional advisor. Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. Please read the prospectus before investing. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus for a complete description of risks relevant to the ETF and mutual fund. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law. SOURCE Evolve Funds Group Inc. View original content to download multimedia: Sign in to access your portfolio
