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After the first hour of trading BLU is Up10.87% at 25.5p on volume of 372000. Number 5 on the Leaderboard.

BLU have stated an interest in Bitcoin Treasury. Yesterday I watched a very interesting Kitco News interview which talks about Bitcoin and Bitcoin Treasury and it may be of interest to BLU shareholders. Vortex is the main event but the Bitcoin Treasury is a promising second string which Benn and Masters are very well placed to implement having been involved with Bitcoin from the beginning.

Here is the link to the Kitco Interview:

https://youtu.be/2t4ND3Ofzfw?si=BH1Ugau45SxJKast

The only evidence that I am aware of is the statement on the Vortex website that I referred to in my previous post. In a list of Trusted Partners it states VISA and MASTERCARD are Coming Soon. I think it is highly unlikely that they have made those statements about Visa and Mastercard if they don’t believe them to be true. So we can expect a further statement in the near future or perhaps they will just remove Coming Soon and they will appear as Trusted Partners. When it happens we may well see the £1 or more share price you mention in short order.

As many of you will be aware it says on Vortex’s website in a list of Trusted Partners that Coming Soon are VISA and MASTERCARD. This is massive in terms of its potential for very rapid growth.

The global payments processing market is dominated by two major players: Visa and Mastercard. These two companies account for 90% of all payment processing outside of China and have a combined market value of approximately $850 billion.

If Vortex start working with the 2 companies that control 90% of the market it is not to difficult to imagine what it means for Vortex. As a second point Vortex’s low costs could be very useful to Visa and Mastercard who are under transaction cost pressure from new Fintechs.

Here is the statement from the Interim Report:

“ On 2 October 2024, the Company announced that that its accounting reference date has been changed to 31 December, in order to provide the Company with greater flexibility to complete its audit after those of its subsidiaries, a significant number of which have year ends of 30 September. As a result, the current accounting period was extended to 15 months, ending on 31 December 2024.

Following the 15 month period, future results will follow a standard timetable of interim accounts for the six months to 30 June and full year audited results to 31 December.

The Company expects to publish its audited accounts for the 15 months ending 31 December 2024 in early June 2025 and by no later than 30 June 2025 in any event.”

Barnetpeter has chosen to be rather selective with his cash information failing to highlight the monies raised after the reporting date:

“ The Company undertook a capital reorganization in December 2024 which was principally aimed at allowing the Company to issue shares for cash. Following that process, the Company raised £150,000 which allowed it to invest €75,000 into SatoshiPay's €400,000 SAFE fund raise which completed in February 2025.

· Post period end, Meinhard Benn, founder of SatoshiPay joined the Board as a non-executive director in May 2025.

· The Company also successfully raised £250,000 in June 2025 to provide it with additional working capital and sufficient funds to support the next funding round, anticipated by SatoshiPay in the third quarter of 2025.”

It has just increased its share of Satochipay to 50% by issuing BLU shares to the 2 key players in Satochipay.

The value of Satochipay is not properly reflected in the accounts due to accounting rules on valuations for private companies. The true value is about to be unlocked. I would be wary of people who are selective with the information they highlight in order to present a negative view.

Last May Pipeline news and licence granted sent this from 0.8p to 2p very quickly. Expect a repeat of this but this time it won’t stop at 2p imho.

That’s completely wrong. Clifford Gross was re elected as a Director as were all the other Directors.

It is worth noting that despite some strong rises the Market Cap is still only£8.4 million. In the last 18months BLU’s market cap had fallen to ridiculously low levels which in no way reflected its value and potential. Looking at the potential that is now being demonstrated a market cap of £8.4 million is very low, so there is plenty of scope for the rise to continue.

Share price up to 23.5p in the first 30 minutes of trading on volume of 369000. Last traded price 26.5p

Today’s rise at BLU has been caused by BLU securing 50% of Satochipay just as Vortex which is the culmination of several years of work looks to be coming good as a DeFi company with a unique role to play in the massive global transfer of funds market. Today paves the way for the RTO of BLU by Satochipay such that Satochipay becomes a listed company. That is what investors should be primarily excited by and I have stuck with BLU for over 7 years for this moment. Satochipay because of its expertise and the experience of Meinhard Benn and Daniel Masters is probably better placed than any of the other UK companies currently establishing bitcoin treasuries to make a success of it. But that will be icing on the cake to the main event which is Vortex.

A late trade has just been posted a 75000 Buy at 22.9444p which should bode well for tomorrow’s opening. That final trade took the volume just over 2 million . Closing Up 30% and Number 4 on the leaderboard is a very satisfactory end to the day and a glass of wine beckons.

Half way through the day BLU is Up 27.27% at 21p on volume of 1.3 million. Last Friday and on Monday we saw volumes of 3 million + so I am wondering if we are going to have a busy afternoon. I bought just after the open this morning to deal with the dilution caused by the issue of 4 million new shares and got them at 19p.

It is very difficult to put a valuation on a successful Defi stock and you only have to look in the market place to see companies that have moved to valuations of many billions of dollars. I don’t want to be accused of ramping so I will just remind you of what Meinhard said at the start of Dtransfer ( which was when Daniel Masters bought into Satochipay). He said that by obtaining just 1% of the target market place Satochipay had the potential to become a Unicorn. In the 5 years or so since he said that I am sure the market in which they operate has become much larger in terms of transaction volumes. So I am hoping that he still has that belief and aspiration. The possibility of bitcoin treasury was not around 5 years ago so that’s a bonus.

There would seem to be a good case for achieving the reverse takeover in the same way as today’s transaction. If Meinhard and DM agree to transfer their remaining circa 28% in return for BLU shares and then offer the same deal to the remaining shareholders in Satochipay. So some dilution but as I think Satochipay is actually worth much more than the price indicated by today’s transaction the dilution doesn’t concern me greatly. If the Vortex figures continue as we hope to demonstrate exponential growth Satochipay and therefore BLU should command a much higher valuation. So if more funds are needed for Vortex and/or bitcoin treasury they could be raised at a much higher share price. That is how I would look to proceed but we will have to wait and see what the Board propose.

Let’s consider where this goes from here. Look at the following part of today’s RNS:

“ Pursuant to the terms of the Acquisition, the Company has agreed to acquire, in aggregate, approximately 4,500 shares in SatoshiPay, representing approximately 22.0% of SatoshiPay's issued share capital in consideration for the issue of 4,412,096 new Ordinary Shares of £0.001 each in the Company ("Acquisition Shares") at a price of 20 pence per new Ordinary Share ("Issue Price") (the "Agreements"). As a result of the Acquisition, the Company will become the largest shareholder in SatoshiPay. Following completion of the Acquisition, Meinhard Benn will hold approximately 25.0% of SatoshiPay and will hold 5,946,846 shares in the Company representing approximately 15.0% of the Company's enlarged issued share capital following admission of the Acquisition Shares.”

We are also told that BLU now hold approximately 50% of Satochipay. Before today Meinhard Benn owned 42% of Satochipay so it looks as if he has transferred 17% to BLU leaving him still as a25% Shareholder in Satochipay. The other 6% must have come from Daniel Masters which probably leaves him with say 3% of Satochipay

This means that with BLU’s 50% holding and MB’s 25% holding in Satochipay they have the 75% needed to pass a Special Resolution of Satochipay. This means they would have no problem implementing a Reverse Takeover of BLU suck that all BLU shareholders would become Shareholders in Satochipay which would be a listed company.

I think a very active few months are starting today.

Just 3 days ago I posted this:

“ On the topic of the Bitcoin Treasury that BLU are looking to establish it is worth remembering that as well as Meinhard Benn’s long involvement in Bitcoin, there is another Director and large shareholder who has a very successful track record in the bitcoin and cryptocurrency space. He became involved at the time Dtransfer was started and his name is Daniel Masters and this is a short profile:

“ Daniel Masters is the Executive Chairman and Co-Founder of CoinShares, the largest and longest-standing digital asset investment group in Europe. Masters is a Bitcoin pioneer and was among the first traditional investors to get into the cryptocurrency space, helping craft the value proposition that many institutional investors now embrace. He is a visionary founder and industry leader in the domain space's first two Nasdaq-listed Bitcoin and Ethereum tracking certificates. Prior to CoinShares, he co-founded Global Advisors, which notably launched GABI, a first-of-its-kind, actively managed bitcoin investment strategy. Before joining the crypto movement, he held senior leadership roles at JPMorgan and Salomon Brothers.”

This is all starting to look very promising on both the Votex and Bitcoin fronts”

I am delighted by this mornings news with Meinhard moving to 25% Shareholder in BLU and Daniel Masters becoming a major shareholder. The key men from Satochipay are going to take this forward on both the Vortex and bitcoin treasury fronts. I think they are the most credible team to take this forward and Danial Masters will command great respect in relation to a bitcoin treasury.

I am now even more convinced that Satochipay will be reversed into BLU to takeover its listing.

There is no problem buying BLU with Barclays.

£43k buy at 2.895p from yesterday only just showing

Was that large trade Mellon buying again. It will be interesting to see if we get another holdings RNS from him a month after his last purchase.

If Mellon has paid 2.895p I think people who sold today will be regretting it.

An extract from yesterday’s Half Year Report:

“On 29 May 2025 SatoshiPay announced that Vortex had achieved US$1 million in transaction volumes since launching in Europe and Brazil, with US$507,000 of the total achieved in May 2025. The Company understands that transaction volumes have remained strong in June 2025”

Good June figures for Vortex will give BLU a further boost. If they get a deal over the line with Visa and/or Mastercard this will start to scale very quickly. This is what most excites me but if we can add a Bitcoin Treasury as is intended that will be icing on the cake giving great prospects for growth on 2 fronts.