Shares in Vinanz Ltd (LSE:BTC, OTCQB:VINZF) jumped as much as 35% in early trading on Tuesday after the company announced a fresh $3.85 million bitcoin purchase, taking its total holdings to 58.68.
The transaction, made at an average price of $102,056 per coin, used most of the proceeds from its recent £3.6 million WRAP retail offer.
The acquisition was Vinanz’s first through its new institutional custody account with Fidelity Digital Assets, marking a shift towards more secure, large-scale digital asset management.
Chief executive Hewie Rattray said the move reflects the company’s goal of becoming the UK’s most transparent, listed bitcoin treasury business.
The company also plans to deploy further capital from the recent raise later this week.
Vinanz, which operates bitcoin mining sites in North America, said its portfolio now averages $97,491 per bitcoin. The strategy aligns with a wider trend of listed firms viewing bitcoin as a digital store of value.
The stock settled at 58.56p, up 14.06p.