Blue Star Capital PLC (AIM:BLU) shares dropped 19% on Tuesday as investors took profits following a steep rise of 460% since the start of the year, despite the company reporting narrower first-half losses and continued progress at its key investee business.
The AIM-listed investment group posted a pre-tax loss of £107,630 for the six months to 31 March 2025, down from a £191,824 loss a year earlier. Its net asset value per share stood at 3p at the period end, with cash reserves of £30,209.
During the period, Blue Star completed a £150,000 fundraising and invested €75,000 into SatoshiPay’s €400,000 SAFE funding round. The company also raised an additional £250,000 in June to support future investments.
SatoshiPay, its main holding, showed encouraging development, and its founder, Meinhard Benn, joined Blue Star’s board in May. A new funding round is expected later in the third quarter.
The stock dropped 4.4p to 19.6p.