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Investing.com - Canaccord Genuity initiated coverage on Bitcoin Treasury Corp (TSXV:BTCT) with a Buy rating and a price target of C$14.00 on Tuesday.
The Canadian company is positioned as the country’s first at-scale corporate treasury vehicle, offering investors leveraged, FX-neutral, and registered-account eligible exposure to Bitcoin.
Bitcoin Treasury Corp follows a focused strategy of accumulating Bitcoin, holding it securely, and selectively monetizing through institutional services, according to Canaccord Genuity.
The firm noted that BTCT sits between passive ETFs and operationally complex mining equities, providing clarity that appeals to investors increasingly cautious about complexity in digital asset structures.
Canaccord Genuity highlighted the stock’s embedded NAV discount, clear KPIs, and management by a proven ETF team as factors supporting material re-rating potential as the treasury scales and the company executes its commercial business plan.
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