UK Firm B HODL Snaps Up $11.3M in Bitcoin to Kick Off Treasury Bet

Group 1 - B HODL Plc has acquired 100 Bitcoin valued at $11.3 million as part of its corporate treasury plan, marking its entry into the top 100 public companies globally holding Bitcoin [1][2] - Following the acquisition, B HODL's shares surged by 38% to £22.09 ($29.77) from their listing price, positioning the company 98th on Bitcoin Treasuries' list [2] - The company's strategy focuses on disciplined Bitcoin accumulation and utilizing reserves to support Lightning Network operations, aiming to generate additional revenue through routing fees [3] Group 2 - B HODL's Bitcoin acquisition places it behind other UK firms with larger reserves, such as Smarter Web Company, which holds 2,525 Bitcoin worth $286 million [4][5] - Smarter Web recently issued a Bitcoin-denominated convertible bond worth $21 million, achieving a significant yield amid the evolving corporate treasury landscape [4] - Globally, U.S.-based Strategy leads in corporate Bitcoin holdings, with a total of 639,835 Bitcoin valued at approximately $72 billion [6] Group 3 - Research indicates a decline in enthusiasm for Bitcoin treasury strategies, with one in four public companies holding Bitcoin trading below their reserve values, complicating capital raising efforts [7]