11th Dec 2025 14:38
(Alliance News) - Stackbitcointreasury PLC on Thursday reported a jump in its full-year profit due to a sell-down of its core digital asset portfolio, as it appointed a former UK chancellor as executive chair.
The London-based investment vehicle, previously named Kasei Digital Assets PLC, provides investors with bitcoin exposure.
Pretax profit multiplied to GBP1.5 million for the year ended July 31 from GBP633 the year before. This was largely driven by profit on disposal of digital asset surging to GBP2.3 million from GBP84,744.
The company began a sell-down of its core digital asset portfolio after it carried out a strategic review due to its "inability to scale", as well as concern from shareholders about share liquidity.
Turnover rose 21% to GBP65,864 from GBP54,327, further supporting the bottom line.
Following approval by shareholders on Tuesday, Stack said it intends to refocus the business on bitcoin specifically.
On Thursday, Stack said it appointed former UK chancellor Kwasi Kwarteng as executive chairman from January 21, 2026. Paul Withers is to be non-executive chair.
"2025 has been a significant year for the crypto asset industry, driven by a shift in political winds accompanied by regulatory clarity," Stack said.
Earlier this week, Stack said its name change from Kasei Digital was registered on UK Companies House, becoming effective on the Aquis Exchange on Wednesday under the ticker STAK.
Shares in Stackbitcoin were flat at 13.00 pence on Thursday afternoon on Aquis.
By Roya Shahidi, Alliance News reporter
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