B HODL Acquires 100 BTC for $11.3 Million Treasury Strategy
B HODL Plc., a UK-listed company, has initiated its Bitcoin treasury strategy by purchasing 100 BTC for $11.3 million, averaging $113,227 per BTC.
- The purchase positions B HODL among the top 100 public Bitcoin treasury companies, ranking 98th according to Bitcoin Treasuries.
- Other UK firms with larger holdings include Smarter Web with 2,525 BTC and Satsuma with up to 1,125.85 BTC.
- Phoenix Digital Assets holds 247 BTC, placing third in UK-based Bitcoin holdings.
- B HODL aims to build a strategic reserve to support its Lightning Network operations.
Globally, Strategy remains the largest corporate Bitcoin holder with 639,835 BTC, valued at approximately $72 billion.
Currently, Bitcoin trades at $112,730.03, experiencing a slight 0.24% dip over the last 24 hours.