B HODL PLC (AQSE:HODL), the London-listed vehicle dedicated to building a strategic Bitcoin reserve, has added 12 coins to its holdings at an average price of £83,455 each, spending just over £1 million.
The company now holds 112 Bitcoin in total, with an average cost of £83,827 per coin, representing an aggregate investment of £9.4 million.
B HODL said its strategy is to steadily accumulate the cryptocurrency while using its treasury to generate revenue through the Lightning Network, a payments protocol built on top of Bitcoin that allows faster and cheaper transactions.