Vinanz Expands Bitcoin Holdings by 64% to 58.68 Bitcoins

Vinanz Limited, a UK-listed company, has recently expanded its bitcoin holdings by acquiring an additional 37.72 bitcoins. This purchase was made at an average price of $102,056 per bitcoin, totaling approximately $3,850,000. The acquisition brings Vinanz's total bitcoin holdings to 58.68 bitcoins, with an average purchase price across all holdings of $97,491. This strategic move is part of the company's ongoing effort to build a robust bitcoin treasury and underscores its confidence in the digital currency and its potential for long-term growth.

The purchase was facilitated through Vinanz's newly established institutional custody account with a prominent digital asset custodian. This marks a significant step in the company's commitment to institutional-grade custody and governance. Hewie Rattray, CEO of Vinanz, emphasized the company's vision to become the most transparent, publicly traded bitcoin treasury company in the UK. He highlighted the importance of institutional-grade custody, governance, and access for investors seeking listed exposure to bitcoin. Rattray also hinted at further deployments of capital from the direct subscription tranche of the fundraise into bitcoin assets, indicating that Vinanz is poised to continue expanding its bitcoin holdings in the near future.

This acquisition is a testament to Vinanz's strategic approach to bitcoin investment, focusing on transparency and institutional standards. By partnering with a leading digital asset custodian, Vinanz aims to provide investors with a secure and reliable platform for bitcoin exposure. The company's commitment to institutional-grade custody and governance is expected to attract more investors seeking a trusted and transparent way to invest in bitcoin. The move reflects Vinanz's proactive stance in the digital asset space, positioning itself as a leader in the UK market for bitcoin investment.