A new UK-based Bitcoin treasury company, B HODL, has announced its intention to float on the AQSE Growth Market.

B HODL is the first UK company founded exclusively for Bitcoin accumulation and revenue generation and is targeting its admission to the AQSE Growth Market for 22 September.

The AQSE Growth Market, a multilateral trading facility (MTF), is a primary market for unlisted securities supervised by Aquis as a recognised investment exchange. It is separate from the AQSE Main Market, a more regulated market supervised by the Financial Conduct Authority (FCA) in the same manner as the London Stock Exchange.

B HODL has raised approximately £13.3m through a subscription for over 95 million new ordinary shares, priced at 14p each.

The company, which is comprised of a management team with over 40 years of combined experience in the Bitcoin industry, will be exclusively focused on Bitcoin-related activities and is aiming to build robust and sustainable revenue streams from strategically acquired Bitcoin.

B HODL’s CEO, Freddie New, said: “Bitcoin is our business – both in terms of our intention to acquire a significant Bitcoin treasury, and in our plans to use that Bitcoin to strengthen and develop Bitcoin’s payment capabilities via our operation of one of the world’s most highly ranked lightning nodes.

“Bitcoin's market capitalisation now sits at around $2trn, but we believe that this represents just a small fraction of its potential value in the foreseeable future. It’s also an asset to which many investors are underexposed. We have therefore come together to create B HODL, with a team that includes leading figures from the Bitcoin industry and who also have significant experience in paytech and asset management.”

Chief Bitcoin officer of B HODL, Danny Scott, added: “We are committed to making B HODL the leading UK listed Bitcoin company and believe that we have the people, network, knowledge and strategy to successfully deliver on this ambitious objective. We are extremely excited about the future and look forward to providing regular updates on our progress.”

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