Tap Global shares jumped 33% to 2.97p on Monday after the crypto payments group unveiled a new service aimed at helping public companies manage Bitcoin as part of their corporate reserves.
The company’s new Bitcoin Treasury as a Service (BTaaS) platform provides institutional-grade infrastructure for listed firms adopting Bitcoin as a treasury asset. It allows clients to convert cash into Bitcoin, aggregate liquidity from leading exchanges to secure the best pricing, and produce accounting and compliance-ready reports for corporate disclosures.
Tap said one of the UK’s largest listed Bitcoin holders has already been using the platform for the past three months to execute most of its treasury purchases, validating the system’s scalability and reliability.
Chief executive Arsen Torosian called the launch a “major strategic milestone”, positioning Tap as a key player in the next wave of corporate Bitcoin adoption.
He added that the platform offers a new recurring revenue stream for the group as more companies look to digital assets as a hedge against inflation and currency risk.
The move marks Tap’s most ambitious push yet into institutional crypto services.