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Crypto

B HODL Stock Doubles Down on MicroStrategy-Style Bitcoin Bet

Guavy AI Editorial Team
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BTC
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B HODL Stock Surges on MicroStrategy-Style Bitcoin Playbook

The UK-based company's shares have climbed 67% in a month, with its treasury now holding 167.487 BTC.

This comes after B HODL announced the purchase of 1 BTC, which was partially funded through an at-the-market (ATM) equity programme and its Capital Deployment Programme.

The company paid £57,680 for the coin, bringing its average cost to near $110,129 per Bitcoin. This means that its treasury still sits roughly 29% underwater due to the current market price of Bitcoin ($77,658).

Despite this, B HODL's stock has outpaced the 22% gain in the value of Bitcoin over the past month.

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