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LONDON - B HODL Plc (AQUIS:HODL), a British company focused on Bitcoin accumulation, disclosed on Tuesday that it holds 128 Bitcoin in its treasury with a total cost basis of £10,784,858, according to a company statement.
The disclosure marks the firm’s first "Proof of Reserves" report, which allows investors to independently verify the company’s Bitcoin holdings through a public blockchain address. B HODL stated that future reserve disclosures will be published on its website and through regulatory news channels where appropriate.
The company self-custodies its Bitcoin using a multi-signature setup across multiple jurisdictions and devices, following what it describes as industry best practices. This approach is supported by a team with over a decade of experience in Bitcoin custody.
Freddie New, CEO of B HODL, stated in the press release that the company aims to set "a high standard of transparency" in reporting Bitcoin holdings. The firm claims to be the first British company established specifically for Bitcoin accumulation and generating revenue from its Bitcoin treasury.
Danny Scott, Chief Bitcoin Officer at B HODL, noted that the company is bringing proof of reserves practices from the Bitcoin sector into public markets.
B HODL is listed on the Aquis Stock Exchange under the ticker HODL. The company indicated that Bitcoin may occasionally move from the disclosed address for operational business purposes.
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