Bitcoin Treasury Strategy Powers B HODL's Lightning Network Expansion

B HODL Plc, the first UK-listed company established specifically for Bitcoin accumulation and revenue generation, has announced the purchase of 100 Bitcoin (BTC) for £8,387,162 ($11.3 million) as part of its treasury strategy. The acquisition, executed at an average price of £83,872 ($113,227) per BTC, marks the initial step in building a long-term Bitcoin reserve to power the firm’s Lightning Network operations. The company’s Bitcoin holdings now total 100 BTC, with the treasury intended to support scalable liquidity and routing fee generation through Lightning infrastructure.

B HODL, listed on the Aquis Stock Exchange Growth Market under the ticker “HODL,” raised £15.3 million ($20.7 million) during its initial public offering in September 2025. The capital was secured through a mix of direct subscriptions and an oversubscribed WRAP Retail Offer, with shares trading at 17.5 pence at listing, valuing the firm at approximately £24.5 million. The company is backed by CoinCorner, a UK-based Bitcoin exchange, which holds 14.3% of its issued share capital, and Blockstream CEO Adam Back, a major shareholder with 25.5% ownership.

The firm’s strategy centers on leveraging Bitcoin’s fixed supply and the Lightning Network’s low-cost, near-instant transaction capabilities to generate sustainable revenue. B HODL plans to expand its Lightning node operations, currently including a top-100 global node by capacity, to enhance liquidity provision and routing fee income. Chief Executive Freddie New emphasized that the listing positions B HODL to capitalize on Bitcoin’s next phase of growth, stating, “We are proud to be the first listed British company dedicated from day one to Bitcoin accumulation and revenue generation”.

The company’s leadership includes Danny Scott, CoinCorner’s CEO and B HODL’s Chief Bitcoin Officer, alongside financial and legal experts with extensive experience in fintech and regulatory frameworks. B HODL aims to maintain lower expense ratios than comparable operators while scaling its Bitcoin treasury through further equity issuance and operational efficiency.

The UK’s growing interest in Bitcoin treasuries is reflected in B HODL’s market positioning. Over a dozen UK firms, including Smarter Web Company and Satsuma Technology, have adopted similar strategies, collectively holding over 3,866 BTC ($430 million) as of June 2025. B HODL’s hybrid model—combining Bitcoin accumulation with Lightning infrastructure—differentiates it from speculative treasury plays by integrating revenue-generating operations.

Despite Bitcoin’s volatility, B HODL’s directors believe stablecoins on the Lightning Network can mitigate settlement risks, enabling institutional adoption of Bitcoin for cross-border payments. The firm’s long-term vision aligns with broader industry trends, as legacy financial systems increasingly explore Bitcoin-based solutions for liquidity and settlement efficiency.

[1] B HODL PLC - Bitcoin Purchase (https://www.tradingview.com/news/reuters.com,2025-09-24:newsml_RSX4992Aa:0-reg-b-hodl-plc-bitcoin-purchase/)

[2] B HODL Debuts on AQSE to Build Bitcoin and Lightning Model (https://cryptotale.org/b-hodl-debuts-on-aqse-to-build-bitcoin-and-lightning-model/)

[3] B HODL lists in UK after raising $20 million to … (https://www.theblock.co/post/371567/b-hodl-uk-bitcoin-treasury-strategy)

[4] About Us - B HODL (https://www.bhodl.com/investors/about-us)