Member Info for BigDave13

Treasury 25.2392 BTC + Net cash available £6.9m (est) or 87 BTC equivalent.

Notional BTC holding of 112 BTC & mNAV c.13.3.

I like the process so far. 4x oversubscribed at 6p but didn't take it as it would be a larger dilution. This time around at 22.2p seems the right approach. I expect next btc purchase 10-12? on Fri or perhaps Mon morning. Followed by a larger Placing at a higher price still.

Large trades showing on Aquis

2025-06-17, 12:49 29.90 1,135,759 339,591.94

2025-06-17, 13:05 32.00 142,137 45,483.84

More money will start appearing this afternoon

COIN are purchasing BTC in a controlled manner as referred to by Malcolm y'day, they still have £ms cash available from the recent raises. More like 10x for now which is in line with other Treasury Companies.

Refer note 18 for options & warrants summary from last year

https://www.lse.co.uk/rns/COIN.PL/coinsilium-group-limited-annual-report-and-financial-statements-for-the-year-ended-31-december-2023-fynymp0wsovvyql.html

31 Dec 24 Year end accounts due end of month.

My take on Cash vs BTC position.

In addition to Placing/Retail raises, there were recent exercise of options (£21k) & warrants (£104k). Assume Placing has 10% broker arrangement fee, brings total net raise of £4.5m.

On the purchase side, 5 BTC were transferred into Forza! from existing COIN reserves. Actual BTC purchased from raises of 20.2392 at cost of £1.6m.

That would make £2.9m still available for further purchase of c. 36 BTC.

Only a week or so ago, you could pick up shares in the WRAP for 6p. Normally this would be considered fantastic performance but not when compared to SWC. Spaces later today and then hopefully the next placing after hours which needs to be huge to gain further momentum!

DigiAssets conference Tues 17 Jun with James

https://x.com/btcjvs/status/1928169132018544746

https://digitalassets.wbresearch.com/

Agree, that would make for a good Monday.

SWC have dropped a banger after close, hoping for same here.

Presumably they have conversations to understand II interest in advance so know what level and price can be achieved.

Let's go for a mega raise - 100m @12p?

From JVS repost, word is getting out and COIN to the forefront

https://x.com/KevinWSHPod/status/1933151826343346687

Yes, Price is currently below average purchase price, BTC treasury story still early days.

Surprised by strong price movement today given btc is off a little. Good opportunity to spend some of the raise, next purchase announcement can't be too far away.

Saylor is bullish! COIN should have the cash for another 30 or so btc. Agree would like to see another purchase update before next raise, hope to get SP to 12p+ with no discount. Going to be a good summer.

What's with the RNS re Aim Rule 26? The total shares has been revised but the individual holding %'s not updated and don't match.

As part of the share swap, a further holding of 0.91% will transfer to CHP although this does come with some dilution.

I noticed that warrants were exercised last week. I wondered what the overall outstanding warrant position was and checked prior announcements. I make it 18.8m warrants at 3.75p worth £705k (Mar 24) and 10.75m warrants at 3.0p worth £320k (Apr 23).

The Mar 24 warrants are subject to an acceleration clause which in simple terms means if the SP hits 11.25p for 5 consecutive days, the company can service notice to exercise. I expect we may see most or all these warrants come into play very soon & play a part in the COIN fund raising strategy.

Yes, slow & steady uptick, less volatility like COIN SP bodes well. Expecting an RNS anytime, maybe intra day with updated purchases. Next raise can't be too far off now as well.

It was a good session, worth a listen

https://x.com/WrightmanAIM/status/1929903589360550393