TL;DR
- Bitcoin purchase: UK-listed B HODL made its debut by acquiring 100 BTC for $11.3M at an average price of $113,227, immediately securing a spot among the top 100 public bitcoin treasuries worldwide.
- Strategic focus: Beyond holding bitcoin, the firm intends to operate Lightning Network nodes, using its treasury to provide liquidity, earn routing fees, and position itself as an active participant in the payment ecosystem.
- Investor debut: Shares listed on the Aquis Exchange under ticker “HODL” rose 34.7% since launch, reflecting strong investor confidence in the company’s bitcoin-first model and long-term growth potential.
UK-listed Bitcoin treasury company B HODL has made its market debut with a bold statement, purchasing 100 BTC for approximately $11.3 million. The acquisition marks the firm’s first step in building a strategic Bitcoin reserve and immediately places it among the top 100 public companies holding Bitcoin.
Launch of a Bitcoin Treasury Strategy
B HODL announced the purchase on Wednesday, confirming it acquired the Bitcoin at an average price of £83,872 ($113,227) per coin. The total investment of £8.4 million ($11.3 million) signals the company’s commitment to establishing a long-term treasury. According to BitcoinTreasuries.net, the move ranks B HODL 98th among public Bitcoin treasury holders, a notable entry for a newly listed firm.
The company emphasized that its strategy is not limited to passive holding. Instead, it aims to leverage its Bitcoin to operate Lightning Network nodes, providing liquidity and generating routing fees from payment activity.
Position in the Global Rankings
While B HODL’s 100 BTC is a modest start, it secures a place in the global rankings of corporate Bitcoin treasuries. The leading UK firm, The Smarter Web Company, holds 2,470 BTC valued at $278 million, ranking 28th worldwide. Globally, Michael Saylor’s Strategy remains dominant, with 638,985 BTC worth nearly $72 billion, underscoring the scale of competition in the treasury landscape. B HODL’s entry highlights the growing number of smaller firms seeking to carve out a niche in the Bitcoin economy, even as giants continue to expand their holdings.
Backing and Leadership
The company is led by CEO Freddie New, a former solicitor and co-founder of Bitcoin Policy UK. It is backed by UK exchange CoinCorner, which owns 14.3% of its shares, with CoinCorner CEO Danny Scott serving as Chief Bitcoin Officer and director. Blockstream CEO Adam Back is also a major shareholder, holding over 25.5% of issued shares. This mix of legal, exchange, and technical expertise positions B HODL with a strong foundation as it builds its treasury and Lightning operations.
Market Debut and Investor Response
B HODL is listed on the Aquis Stock Exchange in London under the ticker “HODL” after raising £15.3 million ($20.7 million). Shares opened strongly, trading at £21.55 ($29.06) in early Wednesday activity, up 34.7% since listing. The positive response suggests investor confidence in the firm’s Bitcoin-focused model and its potential to scale within the digital asset ecosystem.
