Mr. Elliot Johnson reports

BITCOIN TREASURY CORPORATION PROVIDES OCTOBER UPDATE ON NORMAL COURSE ISSUER BID

Bitcoin Treasury Corp. is providing an update on its previously disclosed normal course issuer bid on Jan. 5, 2026. Bitcoin Treasury has purchased and retired 99,500 common shares from Oct. 1, 2026, through to Oct. 31, 2026, at an average price of $3.91 per share. These purchases represent another month of bitcoin per share growth, with BPS increasing 1.42 per cent year to date to 0.00006435 (1).

As of Oct. 31, 2026, the company had 9,299,980 common shares outstanding and 11,383,313 diluted common shares outstanding (2). Year to date, the company's total bitcoin holdings have decreased to 732.47 BTC while BPS has grown 1.42 per cent (3). As the company scales its bitcoin lending business and bitcoin price risk management program, it expects income generated from operating activities to support share repurchases.

The NCIB allows for the repurchase, for cancellation, up to 989,228 common shares of the company, representing approximately 10 per cent of the company's public float (as defined by the TSX Venture Exchange). The company 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.

(1) Bitcoin per share is calculated as BTC holdings divided by diluted shares outstanding, which include convertible debentures and exclude performance warrants.

(2) Diluted shares outstanding include convertible debentures and exclude performance warrants.

(3) BTC holdings include the principal amount of bitcoin loaned but exclude accrued and unpaid interest.

About Bitcoin Treasury Corp.

Bitcoin Treasury 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 increasing bitcoin per share. Recognizing bitcoin's finite supply and long-term potential, the company intends to maintain a robust treasury position while building a scalable platform for bitcoin-based financial services.

We seek Safe Harbor.