Vela Technologies (LON: VELA) has bought 15,000 in BTL Group Ltd at an average of C$10.1966 per share, increasing it's stake in the company to 2.90%.
AIM-listed Vela, which backs early-stage companies that have disruptive technology, paid C$152,949 for it's recent purchase.
BTL is listed on the TSX Venture Exchange and it's closing mid-market price on December 22 was C$10.09 per share, valuing Vela's stake in BTL at approximately C$6mln (equivalent to approximately £3.54mln).
Operating globally, BTL has created an enterprise-grade private blockchain development platform called Interbit. Together with a growing list of global partners, the Interbit platform offers blockchain solutions to businesses across multiple industries.
Vela also holds a total of 25,000 warrants in BTL which are exercisable at a price of C$3.25 for a period expiring on 6 April 2019.
In mid-morning trading, Vela shares were up 20.74% at 1.15p.