Fintech specialist GSTechnologies (GST) said it raised £175,000 at 1.20p/share through a retail offer to existing shareholders via CMC CapX. Additionally, GST raised £1.75m through a placing at 1.20p/share.
GST held a cash balance of US$4.2m on March 31, 2025. The company said this existing cash, alongside the net proceeds from its placing and retail offer, would be used to acquire a significant Bitcoin position in accordance with its recently announced Bitcoin treasury policy.
GST also reported good progress on its GS Money strategy, focused on building a borderless neobanking platform for next-gen digital fintech services. This includes the ongoing development of the Bake Cryptocurrency Platform, which GST acquired in early 2025. The company said a further update would be provided with its full-year results for the year ended March 31, 2025, expected before the end of July 2025.
Tone Goh, Chairman of GST, commented: "I would like to thank those investors, both existing and new, who have supported the Placing and Retail Offer. ... Holding a substantial proportion of the Company's cash resources in Bitcoin makes perfect sense given the Group's operations and the services it is providing to its clients. We are excited about the potential for Bitcoin to enhance shareholder value while reinforcing our leadership in the digital asset space."
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GSTechnologies announced a positive result from its retail offer and placing, together raising nearly £2m that will be used to grow the company's BTC reserve.
On June 25, 2025, GST announced its Bitcoin treasury reserve policy, aiming to transfer a significant portion of the company's cash resource to BTC. Managment expressed confidence in Bitcoin's potential to reduce counterparty and exchange rate risk, while enhancing shareholder value beyond the group's core operations. The board believes BTC offers liquidity similar to cash while serving as a reliable store of value.
GST's new Bitcoin policy also aligns with its GS Money strategy and the integration of the recently acquired Bake Cryptocurrency Platform. As a fintech specialising in digital asset services, GST is well-positioned to integrate Bitcoin into its treasury, reinforcing its competitive position in the growing blockchain and digital finance sector.
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