The London BTC Company (formerly Vinanz) , an LSE Main Market-listed Bitcoin treasury company, confirmed the results of its most recent placing, aiming to raise £1m-5m. London BTC said it successfully raised £1.50m at 13p, equal to a 10.34% discount to BTC's closing price on July 9 2025 (current share price 14.0p).
London BTC said it would use the proceeds to purchase additional Bitcoin, support its mining operations in North America, and assist with fees related to its proposed Nasdaq listing. The 11.5m new shares will be admitted to the LSE Main Market on July 16, 2025.
The London BTC Company holds 65.03 Bitcoin as of July 9, 2025.
Hewie Rattray, CEO of London BTC Company, commented: "We have raised a further £1.5 million to continue building our Bitcoin treasury. The additional capital allows us to stay active in the market and further align our balance sheet with our long-term conviction to Bitcoin."
View from Vox
The London BTC Company continues to raise capital and grow its Bitcoin position in accordance with its ambitious BTC treasury strategy. Less than two months ago, London BTC opened its Bitcoin portfolio with an initial 16.9 BTC investment. Since then, the holding has grown to over 65 BTC, with further purchases expected in the coming days following receipt of the £1.5m fundraise.
The company has pledged to grow its Bitcoin position aggressively through fundraising and mining. The last major placing and retail offer raised £3.6m on June 17, followed by another successful retail offer, and today's £1.5m placing. The proceeds have mainly been used to grow the company's BTC holding, reflecting strong support from retail and institutional investors seeking to diversify their BTC exposure.
The success of London BTC's fundraising campaign can be partly attributed to its LSE Main Market listing where it sports the iconic ticker BTC, giving it access to a much larger capital pool and wider array of fundraising structures than its competitors on Aquis. London BTC is also actively pursuing a NASDAQ listing to expand its reach further.
For investors seeking to enhance their Bitcoin exposure, adding the London BTC Company alongside BTC/BTC ETF holdings can boost leverage while providing access to a dynamic LSE MM-listed BTC treasury company that is actively raising money and growing its BTC position. London BTC is targeting substantial market cap growth through direct purchase of BTC, as well as through its mining operations in North America. While the company is now focused on purchase of BTC, it is maintaining an impressive fleet of 700 mining machines in North America, giving it cheaper and more efficient access to Bitcoin.
Follow News & Updates from London BTC Company: