Member Info for ART123

Buying ETH is garbage. Just compare Vault Ventures (VULT) with Vaultz Capital (V3TC). They are both listed in the UK. They both started at the same time with the same size raise and roughly the same m/cap. VULT, buying ETH, currently has a m/cap of £2.5M while V3TC, buying just BTC, currently has a m/cap of £22.5M.

There is no comparison. ETH is even trading at about half of its all-time high while BTC is sitting at its all-time high.

It is clear that SWC are the leader here and every other Bitcoin Treasury company is just following their lead. However the followers, including COIN, do not seem to have noticed SWC's persistent drive to raise more and more funding and to spend the raised funds on buying more and more Bitcoin. WRAP, ABB, direct subscription, using any way possible, SWC will raise more and more funds and always at a higher share price.

COIN, on the other hand, appear to miss the timing of the next placing, their raises are too small and they don't show enough vindication by quickly spending the whole lot on bitcoin so they can come back straight away for more funds. They are almost treating it like a pastime, a jolly for a bit of fun.

In almost the same time period, SWC have amassed 1000 bitcoins and have the funds already raised for at least 1000 more, while COIN have acquired 74 bitcoins and have cash for about another 30. COIN are nowhere near where they should be and the silly valuation during the recent bubble made it look even worse. Seriously, if they intend to become a serious player and more than just a casual bitcoin acquirer, they will need to up their game by a long way.

AJMHO.

They still have a fair amount of the WRAP availability still to use. I make it that they have only used £3.5M of the £8M available. I'm assuming they didn't use any on the recent placing to keep the dilution down a bit.

Personally, I'd say forget about the 80p for now. That was just a bubble and the bubble burst, hence the 18p placing. I would say the next placing needs to be about 40p and for at least £6M to £8M as a combi of WRAP and ABB. There are newbies coming along raising £10M in one go these days, while COIN have only raised £10M altogether so far over their 4 raises so they need to up their game a bit.

AJMHO

Sorry BigDave13 - I see that you have already answered my question. Many apologies.

Thank you very much, kind sir.

Can anyone confirm that today's 14.9 bitcoin purchase was made with funds that COIN held before the latest placing? It would appear so because the placing funds are not available until tomorrow - 8th July - but then why didn't they buy them earlier? Cheers in advance - that is if anyone knows..........

Can one of you guys who trade with Barclays please let me know if you are being charged Stamp Duty on your purchases please. Or, if you really don't know, can one of you please do a dummy trade and see if Stamp Duty is being added to the purchase price. Thank you.

Can one of you guys on Barclays please let me know if you are being charged Stamp Duty on your purchases please.

I asked this question before but there weren't many posters around at the time so I'll try again. I have been charged Stamp Duty on my Hargreaves Lansdown account but I have not been charged Stamp Duty on purchases on my IG ISA account. Which is correct?

Can anyone confirm that today's 14.9 bitcoin purchase was made with funds that COIN held before the latest placing? It would appear so because the placing funds are not available until tomorrow - 8th July - but then why didn't they buy them earlier?

"The funds raised from the Placing and the Retail Offer will be principally used to further build the Company's Bitcoin treasury reserve in accordance with the Treasury Policy recently implemented by the Company, as announced on 25 June 2025."

Not too sure why they bothered with a discounted placing and retail offer. They could have raised at a higher price. However, this sum should be enough for 20 bitcoins.

GM is on 17th July and that is when the recently raised funds will become available and that is when the BTC purchases will start in earnest. There is still nearly 2 weeks to go for that to become effective.

Go big or go home. There are other BTC Treasury companies raising £10M when they have a m/cap several times smaller than Vinanz. Raising £1M when the m/cap is about £65M is silly.

The reason SWC was up 48% earlier and 25% now is because they have another £38M in their account to spend on Bitcoin to add to the 773 Bitcoin they already own. Vinanz, meanwhile, have 65 bitcoin and no spare cash.

Surely Lenigas and Hewie must have worked out that it was the placing and subsequent purchase of bitcoin that moved their share price up. Otherwise, they are just all talk. Oh, and yes, I am posting on 'their board' because maybe it would be a good idea to do another raise and buy some more bitcoin.

Silly old Lenigas has been left far behind by Andrew Webley at SWC, who are just about to reach 1000 bitcoins and have only been listed for 2 months. They now raise £30M/£40M at a time.

Vinanz have been at it for ages and they still haven't woken up to what they need to do. Before their last WRAP, which started at £1M and ended at £3,5M, their share price was around 13.5p for several months. They finally bit the bullet and announced a placing, which was oversubscribed and then promptly spent the lot on buying bitcoin, and hey presto, their share price suddenly picked up and peaked at 65p.

What they now need to do is to announce a WRAP plus Bookbuild placing for at least £10M, which is the figure other much smaller companies - CLAI and BMV - are finding achievable. £10M on bitcoin is another 125 bitcoin at today's price. Then the share price might just start to pick back up towards the recent highs.

By the way, SWC have already raised over £100M while Vinanz have raised £3,5M. Vinanz haven't got a clue what is going on with the Bitcoin Treasury companies. If they had, they would be raising big and raising fast. Considering their previous raise was at 13.75p, then anything around the 20p/21p level would be a good place to do the next one.

It's working on here as we have your messages. Where isn't it working?

Funds available tomorrow - enough to double their BTC holding to over 1000.

Undervalued compared to peers - for what it's worth:

COIN: 58 BTC with 371 M shares and a m/cap of £111M

VINANZ: 65 BTC with 330M shares and a m/cap of £82.5M

VAULTZ: 50BTC with 117M shares and a m/cap of £20M

I'm very confused by this company. They should be embracing the newly announced Bitcoin treasury reserve policy and the share price should be reflecting the positive decision as well.