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IN BRIEF: London BTC pays $2.5 million to expand bitcoin treasury

ALN

London BTC Co Ltd - bitcoin miner with operations in the US and Canada - Buys 20.94 bitcoin at an average price of $118,433 for a total of $2.5 million. This brings its total bitcoin held to 85.97, with an average purchase price across the holding of $103,137.

‘We’re aggressively accelerating our strategy to expand our bitcoin treasury, proactively deploying capital with the aim of substantially increasing our direct bitcoin exposure. Our ambition remains firm: to provide investors a transparent, liquid, and institutionally secure gateway to bitcoin via our London Stock Exchange Main Market listing,’ says Chief Executive Hewie Rattray.

Current stock price: 9.77 pence, down 7.0% on Monday afternoon in London

12-month change: down 57%

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