UK’s First Bitcoin Treasury Company B HODL Buys 100 BTC

Core Insights - B HODL Plc., a UK-listed Bitcoin treasury company, has initiated its Bitcoin treasury strategy by purchasing 100 BTC for a total of $11.3 million, with each BTC acquired at an average price of $113,227 [1][2]. Company Overview - The acquisition positions B HODL among the top 100 public Bitcoin treasury companies, ranking 98th according to Bitcoin Treasuries [3]. - The company's total holdings are valued at £8.4 million or $11.3 million, marking a significant entry into the Bitcoin market [2]. Competitive Landscape - Other UK-based firms, such as Smarter Web and Satsuma, have significantly larger Bitcoin holdings, with Smarter Web holding 2,525 BTC worth $284.4 million and ranking 29th globally [4]. - Satsuma holds 1,125.85 BTC, indicating that B HODL has considerable competition in the market [4][5]. Strategic Focus - B HODL aims to build a long-term strategic reserve of Bitcoin while also supporting its Lightning Network operations [5]. - The company is following a disciplined acquisition strategy, similar to that of other major players in the industry [5]. Market Context - Bitcoin is currently trading at $112,730.03, reflecting a 0.24% dip in the last 24 hours, indicating market volatility [7].