B HODL establishes £8.4 million treasury following acquisition of 100 BTC
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
B HODL's Bitcoin Acquisition: B HODL Plc has purchased 100 Bitcoins for approximately £8.4 million ($11.3 million) as part of its treasury strategy, ranking it 98th among global companies holding Bitcoin.
Challenges for Crypto Treasury Companies: The enthusiasm for companies acquiring Bitcoin is waning, with one in four public companies trading below the value of their Bitcoin holdings, complicating their ability to raise funds through new share sales.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
