Bitcoin treasury firm discovers buying own stock releases 24% more BTC per share than buying Bitcoin
·2 min read
Compiled by KHAO Editorial
— aggregated from 1 source + 4 references discovered via search.
See llms.txt for citation guidance.
◌ Single Source
When a Bitcoin treasury trades for less than the Bitcoin it holds, the cheapest way to increase gross Bitcoin exposure per share may be to buy back its own stock.
Key facts
B HODL's official dashboard on July 19 showed 166.487 BTC, a 5.25 pence share price and a £7.385 million market capitalization
At the same £48,237 Bitcoin price, £37,985 would buy about 0.787 BTC
Applying the latest announced post-cancellation share count at the same stock price puts the equity value at about £7.378 million, roughly £652,000 or 8.1% below the Bitcoin value
After the announced cancellations, the share count falls from 141,366,091 to 140,542,691
Summary
01 B HODL said its first week of buybacks lifted gross Bitcoin per share 24% more than spending the same cash on Bitcoin. 02 The result suggests discounted treasury stock can be a better way to boost BTC exposure per share than open-market coin buying. 03 The comparison is still partial, because fees, liabilities, cash runway and NAV details could change the verdict. UK-listed B HODL Plc tested that inversion during its first week of repurchases.