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LONDON - B HODL Plc (AQUIS:HODL), a British company focused on Bitcoin accumulation, announced Monday it has purchased 6 Bitcoin at an average price of £85,833 (US$114,619) per Bitcoin.
The transaction, valued at £515,000, brings the company’s total Bitcoin holdings to 142 BTC with an aggregate cost basis of £12,040,242, according to a press release statement. The company’s average purchase price across all holdings now stands at £84,790 (US$113,227) per Bitcoin.
B HODL, which describes itself as the first British company founded specifically for Bitcoin accumulation and revenue generation from Bitcoin treasury holdings, maintains a cash balance of £3.0 million. This includes funds allocated for working capital requirements and future Bitcoin acquisitions.
The company provided a transaction ID for verification of the 6 BTC purchase through the Blockstream blockchain explorer.
B HODL’s business model involves both accumulating Bitcoin as a treasury asset and utilizing its holdings to generate revenue through Lightning Network infrastructure operations. The company trades on the Aquis Stock Exchange under the ticker HODL.
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