Mr. Elliot Johnson reports

BITCOIN TREASURY CORPORATION PROVIDES UPDATE ON NORMAL COURSE ISSUER BID

Bitcoin Treasury Corp. commenced its previously disclosed normal course issuer bid on Jan. 5, 2026. Bitcoin Treasury has purchased and retired 47,200 common shares through to Jan. 31, 2026, at an average price of $5.79 per share. These purchases mark the first period in which the company has increased bitcoin per share, with BPS growth year to date of 0.088 per cent, resulting in BPS of 0.00006350.

Elliot Johnson, chief executive officer of Bitcoin Treasury, commented: "We are thrilled to be making progress towards our North Star, increasing bitcoin per share. When BTCT's share price trades at a significant discount to net asset value, we are buyers of the stock. We will continue to be opportunistic, increasing BPS as market conditions permit."

As of Jan. 31, 2026, the company has 10,027,880 common shares outstanding and 12,111,213 diluted common shares outstanding. To date, the company's total bitcoin holdings have decreased to 769.05 BTC to finance the share repurchases. 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.

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.