11th Aug 2025 13:03
(Alliance News) - Blue Star Capital PLC on Friday said its 50%-owned investee SatoshiPay Ltd has fully invested the GBP1.0 million secured loan facility that Blue Star provided to support SatoshiPay's growth and digital asset strategy.
The investing company, with a focus on blockchain, e-sports, and payments, said SatoshiPay used the funds to expand its digital asset portfolio by acquiring around 72 ether at an average price of EUR3,188 per token, and 9.27 Coinbase wrapped bitcoin, or cbBTC, at an average price of EUR99,099 per token.
cbBTC is backed one-to-one by bitcoin held by US cryptocurrency exchange Coinbase Global Inc.
Blue Star noted the investment forms part of SatoshiPay's treasury operations, which aim to both hold digital assets and build additional liquidity for its Vortex payments platform via decentralised finance applications.
Executive Chair Tony Fabrizi said: "We look forward to reporting on the performance of SatoshiPay's treasury operations as well as progress with Vortex in the coming months."
Shares in Blue Star were up 3.6% at 17.35 pence each in London on Friday afternoon.
By Eva Castanedo, Alliance News reporter
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