B Hodl Plc Share Price (HODL.PL)

If Coincorner was also part of the IPO that may have been a better proposition for investment, not sure, but there may be some conflicts of interest between these two companies which is of concern.

1. Corporate & Leadership Issues

• Very late entrant to the space - both relative to the BTC cycle and after hundreds of similar launches.

• Company registered only 4 months ago - coincidentally at the height of the BTC treasury boom.

• CEO only joined recently, with no prior track record of leading businesses.

• CBO evasive when asked direct questions.

2. Business Model & Transparency

• Team highlights Lightning experience, but provides no hard evidence of yield-generating operations.

• Social Media marketing leans heavily on broad BTC/Lightning narratives instead of specifics about their own business.

• Yield projections are vague: a wide range of 1-9%, borrowed from external operators rather than based on internal models.

• Future plans for generating yield remain extremely unclear.

• Commitment to donate 1% of funds raised despite generating no revenue - questionable use of investor capital.

3. Structural Concerns

• Bound by a 40-year Lightning node lease with CoinCorner - unusually restrictive and raises questions about long-term flexibility.

• Very low secondary-market trading volume; difficult to raise further funds through an ATM programme.

• Lacks differentiation - one of many copycat treasuries offering nothing new to the market.

Https://www.proactiveinvestors.co.uk/companies/news/1079275/b-hodl-ceo-and-cfo-on-building-revenue-and-value-with-bitcoin-following-aqse-listing-1079275.html

I just bought (small position, ~£1000) and it shows up here as a sell

Someone had to write the first post on B HODL.

DATs (Digital Asset Treasuries) are a very hot sector right now. But many of them have no underlying business model. They simply buy/hold digital assets an try to ape the Microstrategy model.

B HODL is different. They plan to use their bitcoin HODL to run nodes on the Lightning network. This will generate revenue from transactions on the Lightning network.

I have invested on the basis of this revenue generating model, but also because I want to see more people being able to use btc for payments, using the Lightning network. BTC needs to move beyond store of value to payments.

The business has some excellent UK btc leaders, and I am confident that they will be successful with B HODL.