UK-listed firm B HODL Plc announced the purchase of 100 BTC on Wednesday to kick off its bitcoin treasury strategy.
The bitcoin was acquired at an average purchase price of £83,872 ($113,227) per bitcoin for a total cost of approximately £8.4 million ($11.3 million).
The acquisition places B HODL squarely in the top 100 public Bitcoin treasury companies, currently ranked 98, according to Bitcoin Treasuries data.
However, it still has some way to go to catch up with the current leading UK public bitcoin treasury company, Smarter Web, which now holds 2,525 BTC worth $284.4 million and ranks 29th globally. Michael Saylor’s Strategy continues to dominate that list worldwide, adding a further 850 BTC last week to reach 639,835 BTC in total holdings ($72 billion).
“The company remains focused on the disciplined acquisition of bitcoin to build a long-term strategic reserve that also powers B HODL’s Lightning Network operations,” B HODL said in a statement shared with The Block.
Its strategy centers on building a substantial bitcoin treasury, with an initial focus on utilizing it to operate highly ranked Lightning nodes, aiming to provide scalable liquidity and generate routing fees from Lightning payments.
B HODL’s UK listing
The newly-launched firm was listed on the Aquis Stock Exchange in London on Monday under the ticker “HODL” after raising roughly £15.3 million ($20.7 million) to embark on its strategy.
Aquis is a UK exchange for small and mid-sized growth firms — a low-cost alternative to the London Stock Exchange, but far smaller and less liquid.
The company is headed up by former solicitor and co-founder of the advocacy group Bitcoin Policy UK, Freddie New, as CEO, and is backed by UK bitcoin exchange CoinCorner, which holds 14.3% of issued share capital. CoinCorner CEO Danny Scott serves as Chief Bitcoin Officer and as a director of B HODL.
Blockstream CEO Adam Back is also listed as a major shareholder, having acquired over 25.5% of the issued share capital. Back is also set to lead the U.S.-based Bitcoin Standard Treasury Company as CEO once it goes public on the Nasdaq via a merger with Cantor Fitzgerald–backed SPAC Cantor Equity Partners I.
B HODL shares are currently changing hands for £21.55 ($29.06) in early Wednesday trading, according to TradingView, up 34.7% since listing.
HODL/GBP price chart. Image: TradingView.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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