Bitcoin-Backed Loan Framework

B HODL PLC

24 December 2025

 

24 December 2025

B HODL Plc

("B HODL" or the "Company")

Bitcoin-Backed Loan Framework

B HODL Plc (AQSE: HODL | OTCQB: HODLF | FRA: F5S), the first British company founded for Bitcoin accumulation and revenue generation from the Bitcoin in its treasury, announces that it has approved a Strategic Bitcoin-Backed Loan Framework (the "BBL Framework") utilising CoinCorner Ltd's ("CoinCorner") Bitcoin-Backed Loan product as part of the Company's ongoing treasury management activities.

Under the BBL Framework, Bitcoin-backed loans are available to the Company from time to time, subject at the time of each drawdown to certain conditions, including a loan-to-value ratio of 50%, interest-only terms with a maturity of up to four years, and an aggregate outstanding loan exposure not exceeding 20% of the Company's Bitcoin treasury value. Each loan will be entered into at prevailing market rates.

B HODL intends to use these funds to acquire additional Bitcoin to add to its treasury as part of its ongoing treasury strategy. The Company will update the market upon drawdown of loans and, inline with current practice, on completion of purchases of Bitcoin.

Under Rule 4.6 of the AQSE Access Rulebook, the Company's use of CoinCorner's Bitcoin-Backed Loan product will constitute a Related Party Transaction due to CoinCorner being a substantial shareholder of the Company. The Directors of B HODL who are independent of the Related Party, being David Jaques, Russell Allen Farrington and Frederick New, having exercised reasonable care, skill and diligence, consider the terms on which the Company intends to access CoinCorner's lending product to be fair and reasonable so far as shareholders are concerned. The terms of the BBL Framework are subject to periodic review, taking into account prevailing market conditions and alternative financing options, to ensure that continued use of the BBL Framework remains appropriate for the Company.

Comments

Freddie New, CEO of B HODL Plc, commented:

"As part of B HODL's ongoing objective to grow Bitcoin per share, we continually seek to optimise our treasury, and this new strategy provides a flexible and efficient source of Bitcoin that aligns with our long-term approach of strengthening the Company's Bitcoin position."

The Directors of the Company accept responsibility for the contents of this announcement.

For further information, please contact:

B HODL
Freddie New, Chief Executive	[e-mail]
Danny Scott, Chief Bitcoin Officer
Canaccord Genuity (Broker)
Stuart Andrews	[phone]
George Grainger
AlbR Capital Limited (Joint Broker)	[phone]
Jon Belliss	[e-mail]
Colin Rowbury	[e-mail]
Gavin Burnell	[e-mail]
First Sentinel (AQSE Corporate Adviser)	[phone]
Paul Shackleton	[e-mail]
Beatriz Iribarren	[e-mail]

About B HODL:

B HODL is the first UK-listed company founded for Bitcoin accumulation and revenue generation. The Company operates a treasury-led strategy, deploying its Bitcoin holdings to power the Lightning Network and generate sustainable revenues from routing fees and liquidity provision. With a world-class team and a Bitcoin-only focus, B HODL aims to become the leading British Bitcoin company, giving investors transparent exposure to the growth of Bitcoin as both a strategic asset and a global financial standard.

Important Notice

The Company intends to hold treasury reserves and surplus cash in Bitcoin. This is a type of cryptocurrency or cryptoassets. Whilst the Board of Directors of the Company considers holding cryptocurrencies to be in the best interests of the Company, the Board remains aware that the financial regulator in the UK (the Financial Conduct Authority or FCA) considers investment in cryptocurrencies to be high risk. At the outset, it is important to note that an investment in the Company is not an investment in cryptocurrencies, either directly or by proxy and shareholders will have no direct access to the Company's holdings. However, the Board of Directors consider cryptocurrencies to be an appropriate store of value and potential growth and therefore appropriate for the Company's reserves. Accordingly, the Company is and intends to continue to be materially exposed to cryptocurrencies. Such an approach is innovative, and the Board of Directors wish to be clear and transparent with prospective and actual investors in the Company on the Company's position in this regard.

The Company is neither authorised nor regulated by the FCA, and the purchase of certain cryptocurrencies are generally unregulated in the UK. As with most other investments, the value of cryptocurrencies can go down as well as up, and therefore the value of the Company's cryptocurrencies holdings can fluctuate. The Company may not be able to realise its cryptocurrencies holdings for the same as it paid to acquire them or even for the value the Company currently ascribes to its cryptocurrencies positions due to market movements. Neither the Company nor investors in the Company's shares are protected by the UK's Financial Ombudsman Service or the Financial Services Compensation Scheme.

Nevertheless, the Board has taken the decision to invest in cryptocurrencies, and in doing so is mindful of the special risks cryptocurrencies present to the Company's financial position. These risks include (but are not limited to): (i) the value of cryptocurrencies can be highly volatile, with value dropping as quickly as it can rise. Investors in cryptocurrencies must be prepared to lose all money invested in cryptocurrencies; (ii) the cryptocurrencies market is largely unregulated. There is a risk of losing money due to risks such as cyber-attacks, financial crime and counterparty failure; (iii) the Company may not be able to sell its cryptocurrencies at will. The ability to sell cryptocurrencies depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay; and (iv) cryptoassets are characterised in some quarters by high degrees of fraud, money laundering and financial crime. In addition, there is a perception in some quarters that cyber-attacks are prominent which can lead to theft of holdings or ransom demands. Prospective investors in the Company are encouraged to do your own research before investing.

 

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