Keel Infrastructure (BITF.TO) — BTC Stacking Curve
Cumulative holdings, every disclosed buy, share price, and the best-fit saturation curve.
Keel Infrastructure holds 2,469 BTC across 15 disclosed purchases. Average cost basis $60,675 per BTC. Last 30 days: 911 BTC. Last 90 days: 911 BTC — 70.86/week. Best fit: Richards (R² 0.12). Curve flattens toward 10,922 BTC, steepest accumulation Jan 2037.
Transaction history
All BTC transactions, most recent first.
| Date | BTC | Spot | USD Cost | Cumulative |
|---|---|---|---|---|
| May 15, 2026 | 911 | $78.0K | $71.1M | 2,469 |
| May 8, 2026 | −269 | $74.3K | $20.0M | 1,558 |
| Dec 16, 2025 | 425 | $85.8K | $36.5M | 1,827 |
| Aug 11, 2025 | 236 | $119.3K | $28.1M | 1,402 |
| May 13, 2025 | 14 | $102.9K | $1.4M | 1,166 |
| Feb 5, 2025 | 218 | $98.0K | $21.4M | 1,152 |
| Jan 2, 2025 | 64 | $94.6K | $6.1M | 934 |
| Nov 30, 2024 | −277 | $97.4K | $27.0M | 870 |
| Sep 30, 2024 | 44 | $65.7K | $2.9M | 1,147 |
| Aug 31, 2024 | 87 | $59.2K | $5.1M | 1,103 |
| Jul 31, 2024 | 111 | $66.2K | $7.4M | 1,016 |
| Jun 30, 2024 | 55 | $61.0K | $3.4M | 905 |
| May 31, 2024 | 20 | $68.4K | $1.4M | 850 |
| Apr 30, 2024 | 24 | $63.8K | $1.5M | 830 |
| Mar 31, 2024 | 2 | $69.7K | $139.3K | 806 |
| Feb 1, 2024 | 419 | $42.6K | $17.9M | 804 |
| Mar 20, 2023 | −20 | $27.9K | $558.2K | 385 |
| Dec 31, 2022 | −2,896 | $16.6K | $48.1M | 405 |
| Dec 31, 2021 | 3,301 | $47.2K | $155.7M | 3,301 |
How to read this chart
Cumulative BTC held — the staircase. Each step is a disclosed purchase; the step height is the size of the buy.
Purchase bubbles — one per buy. Bubble size is the BTC count; vertical position is the per-BTC cost basis. Small-and-high is a small buy at a high price; big-and-low is a big buy made cheap.
Share price — the secondary line on the right axis. Did the company stack faster when its equity ran hot?
Regression fit — the best of a Richards and a Gompertz saturation curve, chosen by log-R². It has to flatten: there are only 21 million Bitcoin.
Controls — Linear/Log switches the BTC axis. Play animates the curve forward through disclosure time. ‹ › steps through the cohort by holdings.