Vinanz (BTC) , an LSE Main Market-listed bitcoin treasury company, announced the purchase of 37.72 bitcoin at US$102.056, bringing the total number of BTC held in its treasury to 58.68, with an average acquisition cost of US$97,491 per BTC.
The newly acquired 37.72 BTC, purchased for a total of US$3,850,000, was executed through Vinanz's institutional custody account with Fidelity Digital Assets, where Vinanz was recently onboarded as an institutional client.
On June 17, 2025, Vinanz completed a retail offer that raised £3.579m. The bitcoin treasury company is expected to make further announcements regarding BTC purchases later this week.
Hewie Rattray, CEO of Vinanz, commented: "We are continuing to execute on our vision of building the most transparent, publicly traded bitcoin treasury company in the UK. With this latest purchase, and our onboarding with Fidelity Digital Assets, we are reinforcing both our conviction in bitcoin and our commitment to institutional-grade custody, governance, and access for investors seeking listed exposure to BTC.
We look forward to updating the market later this week as we deploy additional capital from the direct subscription tranche of the fundraise into Bitcoin assets."
View from Vox
As expected, Vinanz (soon to be renamed the London BTC Company) has begun deploying its recently raised £3.6m cash to increase its bitcoin treasury. The company has pledged to grow its bitcoin position aggressively as part of its ambitious BTC treasury strategy. Only a month ago, Vinanz opened its bitcoin portfolio, which has since grown from the maiden 16.9 BTC to over 58 BTC today, with more expected to be purchased in the coming days.
Since announcing on June 17, 2025, the 3.6m fundraise via retail offer that enabled today's purchase, Vinanz's shares have surged over 200%. The success of the retail offer and subsequent valuation surge can be partly attributed to Vinanz's LSE Main Market listing where it sports iconic ticker BTC, giving it access to a much larger capital pool and wider array of fundraising structures than Aquis where most of its competitors are listed. Vinanz is also actively pursuing a NASDAQ listing to expand its reach further.
Prior to the retail offer, Vinanz secured US$4m in bridge funding on May 14, 2025 from a global investment manager. The first US$2m tranche of that was used to purchase Vinanz's maiden 16.9 BTC. Both the retail offer and bridge funding reflect strong support from across the investor spectrum as both retail and institutional investors seek to diversify their bitcoin exposure. Vinanz's recently announced rebrand to "London BTC Company" is a good move in our view, as it effectively conveys the purpose of the company to investors.
For investors seeking to enhance their bitcoin exposure, adding Vinanz 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. Vinanz 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.
If Vinanz continues on its current trajectory, we see further significant upside over the next 12-24 months.
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