"The UK's newest Bitcoin-focused public company wasted no time putting capital to work. Fresh off its debut on the Aquis Stock Exchange, B HODL (AQUIS: HODL) announced it acquired 100 Bitcoin worth $11.3 million, establishing itself as one of the first British firms to formally adopt a corporate Bitcoin treasury strategy. The purchase, disclosed Wednesday, comes just a day after B HODL raised £15.3 million ($20.7 million) in its IPO to fund a long-term digital asset strategy."
"The model has three key pillars: disciplined buying (often "buying the dip"), using capital markets to finance purchases, and treating Bitcoin as a non-yielding, inflation-proof balance sheet reserve. B HODL's decision to move quickly into Bitcoin mirrors this precedent - with one twist. Rather than a purely passive hold, the UK firm intends to activate its treasury through Lightning, effectively turning its Bitcoin in"
B HODL raised £15.3 million ($20.7 million) in an IPO and immediately purchased 100 Bitcoin for about $11.3 million at an average price of £83,872 ($113,227) per coin. The firm now holds 100 BTC and ranks 98th on Bitcoin Treasuries' global leaderboard of public companies. The acquisition mirrors MicroStrategy's corporate Bitcoin treasury approach of disciplined buying and using capital markets to finance purchases. B HODL intends to activate its treasury through the Lightning Network rather than maintain a purely passive hold. Strategy (formerly MicroStrategy) amassed large BTC reserves using equity and convertible debt.
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