Topias Riuttamäki

Co-founder & Chairman @BitcoinTCAB

[Topias Riuttamäki @Topias_21]

We have now set the redemption terms: 5 MSEK at 28% discount to NAV. Application period 18-24 September. @BitcoinTCAB @ChristofferDG

https://t.co/tsciiGzRc5

[Topias Riuttamäki @Topias_21]

@bitcoinbosu Thanks! Looking forward to seeing what the interest is and providing liquidity to those who want out, while benefiting long term holders. Win-win 🙌

[Topias Riuttamäki @Topias_21]

Redeeming shares at a discount to NAV has the same effect on Bitcoin per share (BPS) as issuing shares at a premium to NAV.

[Bitcoin Treasury Capital @BitcoinTCAB]

BTC AB intends to offer redemption of B shares for up to SEK 5 million at an indicative discount of 25 to 30 percent to net asset value

Full PR: https://t.co/FHA91Olq0A

[Topias Riuttamäki @Topias_21]

@bitcoinbosu Buybacks are not allowed on Spotlight at the moment. From December it will be possible.

[Topias Riuttamäki @Topias_21]

@bitcoinbosu @BitcoinTCAB @ChristofferDG Hopefully we can get a similar flywheel going as we make our pref known among Swedish investors and the trading volumes grow. Raising new capital is of c an ongoing priority for the company. Appreciate your support!

[Topias Riuttamäki @Topias_21]

Our BTC PREF is now the highest-yielding preferred share in Sweden. And the only company on this list that is totally debt-free 🏆 https://t.co/BQdIasbvnd
@BitcoinTCAB @ChristofferDG

[Topias Riuttamäki @Topias_21]

@Sanderandersenn I would add buybacks/share redemptions as #4.

[Topias Riuttamäki @Topias_21]

@JukkaLepikko Mitä mieltä olet riskistä että ”earnings” on todellista kysyntää korkeampi näiden ristiin tehtyjen diilien takia, joissa Nvidia sijoittaa asiakkaisiinsa tms circular financing? Eli että mahdollinen kupla olisi E:ssä vaikka P näyttää kohtuulliselta?

[Topias Riuttamäki @Topias_21]

@Bart_Mol @ChrisBloomstran did you make this?

[Topias Riuttamäki @Topias_21]

@River @grok how would this look if it was adjusted for inflation?

[Bitcoin Treasury Capital @BitcoinTCAB]

Today is the last trading day to purchase BTC PREF A and be entitled to the August dividend of SEK 1.00 per share.

[Topias Riuttamäki @Topias_21]

”There are two types of forecasters: those who don’t know, and those who don’t know that they don’t know”
- Nassim Taleb

https://t.co/3zOfsTxufm

[Bitcoin Treasury Capital @BitcoinTCAB]

BTC AB has acquired 1 BTC for USD 64,435 or SEK 0.61 million. As of August 5, 2026, we hold approximately 174 bitcoin:native

[Topias Riuttamäki @Topias_21]

BTC AB Q2 report highlights: debt-free, listed Europe's first Bitcoin preferred shares, 3,4% yield and continuing our steady Bitcoin accumulation.

[Bitcoin Treasury Capital @BitcoinTCAB]

BTC AB publishes half-year report

Full PR and Report: https://t.co/DuGPpAGFnc

[Topias Riuttamäki @Topias_21]

@sunsaunabtc @asjwebley @SWC_Wiki The company borrowed Bitcoin, to be repaid with shares or by returning the same number of Bitcoin. They chose to return the Bitcoins.

[Topias Riuttamäki @Topias_21]

Agreed, and I'd go as far as to say that the market is overpaying for all Bitcoin credit/pref risk when comparing with HY credit etc. Which is understandable as the BTC credit market is still in its infancy.

With STRC I think the mistake was the aggressive marketing of keeping the "peg" at 100, which they are paying for now.

[Topias Riuttamäki @Topias_21]

First day of trading for BTC PREF will be July 20, 2026.

[Bitcoin Treasury Capital @BitcoinTCAB]

BTC AB announces the registration of the Rights Issue and the first day of trading in preference A shares on Spotlight Stock Market

Full PR: https://t.co/v8Bh4Tqm13

[Bitcoin Treasury Capital @BitcoinTCAB]

BTC AB announces the last day of trading in BTA

Full PR: https://t.co/zAIbB4XufN

[₿osu, GED (Valedictorian) @bitcoinbosu]

BTC AB just raised 12.2m SEK ($1.26m) through what is essentially the IPO of their preference shares, BTC PREF

This achieves 12% amplification from IPO

At a 10% annual dividend rate, BTC PREF is also the lowest cost of capital out of all Digital Credit

And this initial offering had no discount to par

(For comparison, @Strategy achieved 3.4% amplification from their STRC IPO, currently paying 12% annually, and IPO’d at a 10% discount to par)

BTC PREF is the lowest cost of capital Digital Credit in the world, and yet it is the highest paying preference share in Sweden

On a per-unit-of-leverage basis, this is arguably the highest quality common share exposure to Bitcoin leverage, and yet also the most powerful yield for any Swedish preference share investors

The fundamentals are undeniably there; what happens when this knowledge spreads?