Connecting Excellence Group PLC Boosts Bitcoin Treasury to 72.941 BTC
Connecting Excellence Group PLC has announced that its Bitcoin treasury has increased to 72.941 BTC after strategic investor Adam Back subscribed for an additional 10 BTC. The subscription, which took place at a valuation of £57,799.90 per BTC, raised £577,999 in aggregate and resulted in the issuance of 38,533,267 new Ordinary Shares at an issue price of 1.5 pence per share.
The company also reported that two further investors subscribed for 5,199,999 new Ordinary Shares at the same issue price, raising a further £78,000. This includes £50,000 in cash and £28,000 from an adviser who elected to receive Ordinary Shares instead of a cash fee.
Following completion of the subscriptions, Adam Back will hold 135,482,474 Ordinary Shares in the company, representing 29.0% of the enlarged issued share capital. The company's total voting rights will be 466,498,953 after Admission on or around September 8, 2026.