BTC Purchase - ATM Completion - Launch of new ATM

B HODL PLC

02 April 2026

 

02 April 2026

B HODL Plc

("B HODL" or "The Company")

Bitcoin Purchase, First ATM Completion; Launch of new ATM equity offering

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, is pleased to announce the purchase of Bitcoin as part of its ongoing treasury strategy funded by the Company's initial and now-completed At-the-Market ("ATM") equity offering and Capital Deployment Programme.

Following the successful completion of its initial ATM offering, the Company is also pleased to announce it has entered into a further subscription agreement ("Subscription") with Canaccord Genuity Limited ("Canaccord") to implement a new at-the-market equity offering (the "Second ATM").

Completion of Initial ATM Programme and Bitcoin Purchase

The Company confirms that it has now completed its initial ATM offering announced on 4 February 2026, having sold a total of 600,000 ordinary shares at an aggregate average price of 7.05 pence per share, generating gross proceeds of £42,300.

The Board notes that the average Bitcoin per share achieved through the ATM programme was approximately 130 sats per share, representing accretive issuance relative to the Company's Bitcoin per share prior to commencement of the programme. This demonstrates the effectiveness of disciplined issuance in increasing shareholder exposure to Bitcoin over time.

A portion of the Bitcoin purchase announced today has also been funded by the Company's Capital Deployment Programme announced on 12 March 2026.

Details of the purchase are as follows:

●     Number of Bitcoin acquired: 1 BTC

●     Average purchase price: £51,234 per Bitcoin (US $68,051 per Bitcoin)

Following this purchase, the Company's Bitcoin treasury position is:

●     Total Bitcoin held: 165.487 BTC

●     Aggregate average purchase price: £81,962 per Bitcoin (US $108,866 per Bitcoin)

●     Aggregate cost basis: £13,563,725

●     Sats per share: 117.56 (Previously 116.141, as of 26^th March 2026)

Transaction ID for verification of 1 BTC:

https://blockstream.info/tx/fcc72a37bab4920a2795f80ac874e4b225ee1af2bede84451ecabecb4f344ec2

Commenting, Freddie New (CEO) said:

 "We're delighted that even under current market conditions, our MNAV has been at levels enabling us not just to run but also to successfully complete our first ATM equity offering. We're particularly pleased by the fact that we have been able to join the list of companies running an ATM in what have been unfavourable market conditions given the decline in the Bitcoin price. This has enabled us to acquire further Bitcoin at these attractive prices and deliver additional value for our shareholders."

New ATM equity offering

The Board considers the initial ATM offering operated as intended, facilitating disciplined and accretive capital formation while maintaining an orderly market in the Company's shares.

Accordingly, under the terms of the Subscription, Canaccord has subscribed for 600,000 new ordinary shares of £0.01 each in the capital of the Company (the "New Ordinary Shares"), representing approximately 0.42% of the Company's issued share capital.

The Second ATM is intended to be accretive to shareholders, supporting growth in Bitcoin per share ("sats per share") and maintaining an orderly market. Sales will be made from time to time at Canaccord's discretion, provided that each sale is accretive by reference to the Company's Bitcoin mNAV framework (as assessed at the time of execution), and will not occur below the bid price on the Aquis Stock Exchange.

Admission

Application will be made for the New Ordinary Shares to be admitted to trading on the Access segment of the AQSE Growth Market ("Admission"). Admission is expected to occur on or around 9 April 2026.

Total Voting Rights

Following Admission, the Company's total issued and voting share capital will consist of 141,366,091 Ordinary Shares. The Company does not hold any ordinary shares in treasury. The above figures may be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Danny Scott, Chief Bitcoin Officer of B HODL, commented:

"Following the successful execution of our initial ATM, we are pleased to launch a new issuance which reflects our continued focus on disciplined capital formation and long-term Bitcoin accumulation.

We believe that consistent issuance, undertaken only when accretive, provides shareholders with a compelling mechanism for gaining exposure to a growing Bitcoin treasury on a per-share basis"

The Directors of B HODL Plc take responsibility for this announcement.

For further information, please contact:

B HODL
Freddie New, Chief Executive Officer	[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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