I happened to read something about <a style="text-decoration:none;color:#000000" href="http://www.kettic.com/winforms_ui/csharp_guide/buttons_button_text_format.shtml" target="_top" rel="nofollow" link="external">button control text format</a>, hope the following sample snippets can offer you some reference.
<code>
this.Button1.Text = "<html>
<size=16>ButtonLabel
<br>
<b><font=Arial>Arial, Bold</b>
<br>
<i><color= Red><font=Times New Roman>Times, Italic<u>Underline</u>
<br>
<size=9>Size = 9
<br>
<color= 0, 0, 255>Sample Text";
</code>
<br/><hr align="left" width="300" />
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