B HODL Plc (AQUIS: HODL), a UK-listed company focused on Bitcoin accumulation and related revenue activities, has disclosed the acquisition of an additional eight Bitcoin as part of its ongoing treasury strategy.

The purchase was completed at an average price of £92,548 (US$124,234) per Bitcoin, representing a total expenditure of £740,384. 

Following the transaction, the company holds 136 Bitcoin in total, with an aggregate average purchase price of £84,744 (US$113,759) per coin and a cumulative cost basis of £11,525,242.

In a statement, B HODL said it remains “focused on the disciplined acquisition of Bitcoin to build a long-term strategic reserve that also powers B HODL's Lightning Network operations.” 

The company’s approach involves using its Bitcoin holdings both as a reserve asset and as a means of supporting Lightning Network infrastructure.

At the time of its market admission, Blockstream CEO Adam Back held a 25.53% stake in B HODL. 

Other early shareholders included CoinCorner, Rise Investments, and several additional backers.

This purchase forms part of B HODL’s continuing Bitcoin accumulation program, which seeks to expand its holdings as part of a long-term reserve management strategy.

Share this article
The link has been copied!