UK Bitcoin treasury B HODL acquires additional Bitcoin, total holdings top 158 BTC
Crypto Briefing
UK firm B HODL increased its Bitcoin holdings to over 158 BTC using a Bitcoin-backed loan.Summary
B HODL, a UK-based company focused on building a Bitcoin treasury, has increased its total Bitcoin holdings to 158.211 BTC, valued at approximately $14 million. This acquisition was financed by drawing down £70,000 from its Bitcoin-secured loan program at an 8% interest rate, purchasing the coins at about $89,000 each amid softer market conditions where Bitcoin traded near $87,800. This move underscores B HODL's ongoing long-term accumulation strategy, which also involves leveraging its Bitcoin reserves to support the Lightning Network for revenue generation through routing fees and liquidity provision.
(Source：Crypto Briefing)