B HODL Plc Boosts Share Value with £32,569 Repurchase of 618,000 Shares
B HODL Plc, a Bitcoin treasury company based on the Isle of Man, has purchased approximately 618,000 of its own shares at a volume-weighted average price of 5.27 pence each.
The total cost of this purchase was roughly £32,569, which is part of the company's broader repurchase program that allows for up to £100,000 in total buybacks.
This strategy aims to reduce the number of outstanding shares so that each remaining share represents a larger slice of the company's Bitcoin holdings, effectively increasing the book value per share and satoshis per share for every investor who holds on.