B HODL Plc (AQSE:HODL) has completed the first drawdown under its Bitcoin-backed loan framework and used the proceeds to acquire additional Bitcoin.
The drawdown was completed on 31 December and totalled £70,000 at an interest rate of 8%.
The company said the funds were used to purchase one Bitcoin at a price of £65,809 per Bitcoin, equivalent to US$88,965.
Following the transaction, B HODL’s total Bitcoin holdings increased to 158.211 Bitcoin.
It noted that the purchase was part of its ongoing treasury strategy.