In a move that can only be described as a dash for digital gold, the U.K. fintech company Valereum Plc has decided to raise a rather ambitious £500,000 to establish its very own Bitcoin treasury reserve. It seems that the BTC bandwagon is getting rather crowded, and Valereum is determined to squeeze in, even if it means elbowing a few others out of the way! 🚀
- Valereum Plc is on a quest to raise £500,000 to procure some shiny BTC for its reserve strategy. Who knew digital coins could be so alluring?
- In a plot twist worthy of a Shakespearean drama, the stock price took a nosedive of 4.35% following the announcement of the BTC treasury. Apparently, investors are not as thrilled as one might expect! 🎭
On the first day of August, Valereum announced its grand plan to raise £500,000 by issuing approximately 16.12 million ordinary shares. The proceeds, they assure us, will be used to establish a Bitcoin (BTC) Treasury, as well as to fuel the company’s expansion, platform rollout, and market entry. Because, you know, who doesn’t want to dive headfirst into the world of cryptocurrency?
According to the press release, the fintech firm’s grand purpose behind this BTC reserve is to harness its potential to further propel Valereum’s momentum in the Real-World Asset tokenization space. They also hope to open doors to explore other digital asset classes. It’s like a treasure map, but instead of X marking the spot, it’s a Bitcoin logo! 🗺️
“A Bitcoin treasury reserve is about financially aligning with our vision, bringing our balance sheet up to speed with the innovation we’re driving. We want to be able to execute globally, with agility, and build significant long-term growth,” wrote the company’s CEO, Gary Cottle, in a statement. One can only hope he’s not just blowing smoke! 💨
The fundraising will be split into two separate parts, much like a well-crafted novel. The first act consists of a firm subscription of shares worth £400,000, which will take place today. Meanwhile, another retail offer aiming to raise £100,000 is in the works, set to unfold within the next week. Stay tuned, folks!
Both the Firm Subscription and the retail Offer will be priced at 3.1 pence per share, based on the closing mid-market price on 31 July 2025. Because nothing says “trust us” like a price tag that sounds like a bargain at a yard sale! 🏷️
Valereum Plc has now joined the ranks of other U.K. firms, such as the Smarter Web Company and Vaultz Capital, in the BTC treasury trend. It’s like a club for those who fancy themselves as digital pioneers!
Will news of the Bitcoin treasury boost Valereum’s stock price?
Typically, when companies first establish a BTC treasury, their stocks get a price boost, as investors who champion crypto and Bitcoin often express confidence in the company’s decision. But alas, this has not been the case for Valereum so far. As of August 1, the company’s share has dipped 4.35% in the past day compared to the previous trading day. Currently, it’s trading at a rather unimpressive 0.033 euro. Talk about a damp squib! 💥
This dip in shares is a stark contrast to the stock price movements of other companies that have adopted BTC treasury strategies. For instance, in mid-July, the price of Vaultz Capital shares jumped 2.01% after the firm announced that it would issue shares to buy more BTC. Clearly, not all treasure hunts end in gold! 🏴☠️
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2025-08-01 11:17