19th May 2025 15:53
Vinanz Ltd - British Virgin Islands-domiciled bitcoin mining company - Purchases 16.9 bitcoins as part of its strategy of growing its bitcoin treasury. Notes the average price of the bitcoin purchased was USD103,341 including fees, with a total consideration of USD1.7 million.
"We are pleased to announce the completion of our first bitcoin purchase. Expanding our bitcoin treasury is a natural and strategic choice for us. We see bitcoin as the future reserve asset for a digitally native financial system. Growing our bitcoin holding is fundamental to our core business values and we intend to continue adding Bitcoin to our balance sheet," says Chair David Lenigas.
Current stock price: 14.10 pence, up 8.5% on Monday afternoon in London
12-month change: down 37%
By Christopher Ward, Alliance News reporter
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