- B HODL Plc entered the Bitcoin treasury market by buying 100 BTC worth $11.3 million.
- The company is listed in London with plans to expand reserves and run Lightning nodes.
- Corporate BTC holdings exceeded 1 million BTC between September 2024 and September 2025.
UK-listed firm B HODL Plc confirmed on Wednesday that it has purchased 100 BTC at a total cost of approximately £8.4 million ($11.3 million). The bitcoin was bought at an average purchase price of £83,872 ($113,227) per coin, marking the company’s official entry into the global corporate Bitcoin treasury market and securing its position within the top 100 public holders of the digital asset.
Corporate Bitcoin Holdings Continue to Expand
According to Bitcoin Treasuries data, the acquisition positioned B HODL at rank 98 among public companies with Bitcoin reserves. Although the company has achieved a notable milestone with its entry purchase, it still trails the UK’s largest Bitcoin-holding firm, Smarter Web, which currently holds 2,525 BTC valued at $284.4 million and is ranked 29th worldwide.
Data compiled by The Block shows that corporate Bitcoin holdings have grown steadily from September 2024 through September 2025, with a significant acceleration in late 2024 followed by consistent accumulation throughout this year. By September 2025, more than one million BTC were collectively held by public companies, demonstrating the growing use of Bitcoin in corporate balance sheet strategies.
Major firms such as Riot Platforms, Marathon Digital, Galaxy Digital, and Metaplanet have contributed to this trend. At the same time, smaller allocations have come from companies including Hut 8 Mining, CleanSpark, Next Technology Holding, GameStop, Semler Scientific, Cango, and Boyaa Interactive.
Treasury and Lightning Strategy
B HODL has outlined a strategy that extends beyond simple reserve accumulation by seeking to merge treasury growth with active participation in Bitcoin infrastructure. In a public statement, the company emphasized its commitment to “the disciplined acquisition of bitcoin to build a long-term strategic reserve that also powers B HODL’s Lightning Network operations.”
The company listed on the Aquis Stock Exchange in London under the ticker “HODL” earlier this week after raising approximately £15.3 million ($20.7 million) in capital. Aquis provides a cost-efficient platform for small and mid-sized companies to access public markets, although it remains less liquid compared to the London Stock Exchange. With its listing complete, B HODL plans to gradually increase its Bitcoin holdings while using those reserves to operate Lightning Network nodes.
The company has already entered the Lightning ecosystem, and its nodes are some of the largest in the world in terms of capacity. By expanding these operations, the company will be able to facilitate a scalable Bitcoin payment infrastructure and earn routing fees.
Related: B Hodl Debuts on AQSE to Build Bitcoin and Lightning Model
Although the excitement over corporate Bitcoin treasuries has yet to disappear, analysts have observed that the pace has slowed compared to previous waves of adoption. Studies by K33 have shown that almost 25 percent of publicly traded companies that currently hold Bitcoin are trading at a price below the value of their deposits. K33’s Head of Research, Vetle Lunde, explained that this condition reduces flexibility for firms seeking to expand their reserves.
Although the market has doubts, B HODL’s approach suggests a combination of careful treasury management and infrastructure involvement. The company’s success will rely on prudent capital deployment, the operation of Lightning, and managing volatility in the process of seeking growth in an ever-changing regulatory scenario.
