Based on KanalCoin, B HODL Plc, a UK-listed company, purchased 100 BTC for $11.3 million to launch its Bitcoin treasury. The move marks a significant step in the UK’s cryptocurrency landscape and highlights growing corporate interest in Bitcoin as a treasury asset. Freddie New, CEO of B HODL, called the purchase a milestone, while Danny Scott of CoinCorner aims to position B HODL as a leading UK-listed Bitcoin entity. The company’s strategy may influence market liquidity and payment volumes, following a trend seen with firms like MicroStrategy.
UK-Listed B HODL Buys 100 BTC for $11.3M to Launch Bitcoin Treasury
KanalCoinShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.