Bitcoin Purchase

Summary by AI ^BETAClose X

Stack BTC Plc has executed its initial Bitcoin treasury strategy by purchasing 21 Bitcoin at an average price of £53,729 per Bitcoin, approximately US$71,594. This move aligns with the company's broader objective of building a portfolio of cash-generative businesses alongside its Bitcoin holdings. The Executive Chairman expressed satisfaction with the initiation of this strategy and indicated further positive developments are anticipated.

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Stack BTC Plc (STAK)

Initial Bitcoin Purchase

Stack BTC Plc ("Stack" or the "Company"), the UK-based company focused on building a portfolio of high-quality, cash-generative businesses, alongside a Bitcoin treasury, announces its first purchase of 21 Bitcoin as part of the Company's treasury strategy.

Details of the first purchase are as follows:

Number of Bitcoin Purchased: 21 BTC
Average Purchase Price: £53,729 per Bitcoin (Approx. US$71,594 per Bitcoin)

Kwasi Kwarteng, Executive Chairman of Stack commented:

"I am delighted that Stack has initiated its Bitcoin treasury strategy. We are making progress on all aspects of the Company's strategy, including partnerships and creating the firm foundations for future growth. Momentum is building and we have further exciting announcements to make in the days ahead."

Further information on the Company is available at https://www.stackbitcoin.co.uk/ .

For further information please contact:

Stack BTC Plc

Jai Patel

Chief Executive Officer

Jai@stackbitcoin.co.uk

VSA Capital Limited (AQSE Corporate Adviser and Broker)

Andrew Raca

Sam Gurung

+44 (0) 20 3005 5000

mail@vsacapital.com

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