29th May 2025 15:24
(Alliance News) - Helium Ventures PLC on Thursday unveiled plans for a strategic pivot into digital assets, including a proposed rebrand to VaultZ Capital PLC and a new bitcoin treasury initiative in partnership with NewQube Holdings Ltd.
The special purpose acquisition vehicle said it signed a memorandum of understanding with NewQube, a Cayman Islands-based digital asset specialist, to create a dedicated bitcoin reserve. The move aims to accumulate and hold bitcoin as a long-term treasury asset, with plans to fund future acquisitions through equity, debt and structured financing.
"By establishing this treasury function, the company aims to provide shareholders with exposure to digital assets, diversify the company's investments and ultimately create value for our shareholders," Helium said.
The treasury function will be run through a newly created special purpose vehicle, to be named VaultZ Treasury, with NewQube acting as investment manager. NewQube will receive 2.5 million Helium Ventures shares, subject to shareholder approval.
To fund this new strategy, Helium raised GBP1.2 million via two share subscriptions, one of which remains subject to shareholder approval at a forthcoming general meeting. Proceeds will go towards advancing the bitcoin strategy and general corporate purposes.
The company also proposed a resolution to change its name to VaultZ Capital PLC. Chair Neil Ritson said the strategic shift represents an "exciting new chapter" for the firm.
"The company is positioned to pursue opportunities across the digital asset and technology sectors," he added.
Helium also issued new shares to settle adviser and creditor liabilities, and said it remains active in managing its existing portfolio. Holdings include a 19.4% stake in US-based Trackimo, which delivered USD24.8 million in 2024 revenue, and a position in ASX-listed Blue Star Helium Ltd.
A general meeting will be convened to approve the name change, bitcoin investment, and share-related resolutions.
Helium Ventures shares were last quoted at 4.75 pence on the Aquis Stock Exchange on Thursday afternoon.
By Eva Castanedo, Alliance News reporter
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