25th Jun 2025 18:28
(Alliance News) - Coinsilium Group Ltd on Wednesday said it has expanded its bitcoin holdings through a new GBP1.2 million acquisition, as part of its ongoing digital asset treasury strategy.
Coinsilium shares closed down 29% at 37.50 pence in the Aquis Stock Exchange on Wednesday.
The Gibraltar-based blockchain investment firm said its wholly owned subsidiary Forza Gibraltar Ltd acquired 15.2080 bitcoin at an average price of GBP78,906 per coin. This brings Forza's total bitcoin holdings to 58.3157, with an aggregate value of around GBP4.6 million as of the update.
Coinsilium launched Forza in 2025 to manage its strategic bitcoin reserves, which it views as a long-term store of value. The company said all purchases are made in accordance with its bitcoin Treasury Policy, and assets are held with regulated institutional custodians.
Executive Chair Malcolm Palle and Chief Executive Eddy Travia reiterated that the decision to hold bitcoin aligns with the company's capital allocation strategy and reflects confidence in its long-term financial resilience.
By Eva Castanedo, Alliance News reporter
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