RE: Placing18 Jun 2025 15:27
What’s the deal with this then? Probably the only one that’s says it’s doing something that’s not fully announced plans yet.
Investing Policy and Future Strategy
Under the Company's existing investing policy, the Company focuses on capital growth from investments in businesses that have the capacity for substantial value increase, operating within the disruptive technology sectors such as blockchain, payments, fintech and e-sports.
Following Meinhard Benn's appointment to the Board, the Company is closely monitoring investments directly related to companies connected with Bitcoin, including, inter alia, exploring the possibility of initiating a Bitcoin treasury reserve (likely managed via a third-party custodian) and such related opportunities. This strategy, which falls within the Company's existing investing policy, would see the Company complementing investments with long-term treasury reserve assets as their adoption becomes more common place, as seen particularly in the U.S.
A growing number of corporations are integrating Bitcoin into their treasury strategies, recognising its potential as a long-term store of value. Semler Scientific, a U.S.-based medical technology firm, has adopted Bitcoin as its primary treasury reserve asset, holding over 4,200 BTC as of May 2025. This move has significantly increased its market capitalisation and generated a notable Bitcoin yield since the adoption of this strategy. Similarly, MARA Holdings, a leading Bitcoin miner, has amassed 49,000 BTC, positioning itself as one of the largest corporate holders of Bitcoin globally.
In the retail sector, GameStop Corp. has diversified its treasury by acquiring 4,710 BTC, valued at over US$515 million. This strategic move aligns with the company's broader plan to include Bitcoin as a treasury-reserve asset, following in the footsteps of firms like MicroStrategy and Metaplanet, holding over 580,000 BTC and 8,000 BTC respectively. Governments are also recognising the strategic value of Bitcoin. In March 2025, the U.S. government established a Strategic Bitcoin Reserve, capitalised with Bitcoin seized through legal proceedings. This development, formalised through an Executive Order in March 2025, underscores a growing recognition of Bitcoin's potential role in enhancing national financial stability and diversifying national reserve assets.
These developments demonstrate a broader trend of adopting Bitcoin as a strategic asset, both at the corporate and national levels, reflecting its growing acceptance and utility in financial strategies.
The Company advises that any initiation of a Bitcoin backed treasury function will be subject to the appropriate due diligence, legal and regulatory reviews, and further announcements will be made to the market in due course.