B HODL Plc, a UK-listed company, has acquired 100 Bitcoin for $11.3 million to establish its Bitcoin treasury. This strategic move underscores the increasing corporate interest in Bitcoin as a treasury asset within the UK. Freddie New, CEO of B HODL, described the acquisition as a milestone for the company. Danny Scott of CoinCorner expressed intentions to position B HODL as a leading Bitcoin entity in the UK market. This initiative aligns with a broader trend of companies like MicroStrategy using Bitcoin to influence market liquidity and payment volumes.
B HODL Acquires 100 BTC for $11.3M to Establish Bitcoin Treasury
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