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London BTC Company Raises £1 Million Through WRAP Retail Offer and Direct Subscription

Why we think this is good

The equity raise by London BTC Company is a positive development, as it is being conducted at a relatively small discount of 1.07% to the previous closing price. The raise amount of £1 million is modest compared to the company's market capitalization, representing around 1.7% of the current market cap. This suggests reasonable investor appetite for the shares and provides the company with additional growth capital to support its operations. While there is a risk of further dilution if the company needs to raise additional capital in the future, the positives outweigh the negatives in this case.

Key Points

  • London BTC Company raises £1 million through a WRAP Retail Offer and a direct subscription
  • The issue price of 18.5 pence per share represents a 1.07% discount to the previous closing price of 18.70 pence
  • The raise amount of £1 million is relatively modest compared to the company's market capitalization of £58.74 million
  • The funds will provide the company with additional growth capital to support its operations

Summary

The bitcoin mining company has raised £1 million through a mix of a WRAP retail offer and a direct subscription, providing growth capital to support its operations.

London BTC Company Limited (BTC:L), the London Stock Exchange Main Market-listed Bitcoin treasury company, has raised aggregate gross proceeds of £700,000 through a WRAP Retail Offer and an additional £300,000 through a direct subscription, totaling £1 million. The company will issue a total of 3,783,786 new Ordinary Shares at an issue price of 18.5 pence per share, representing a 1.07% discount to the previous closing price of 18.70 pence. The funds raised will provide the company with additional growth capital to support its operations.

Key Dates

9 July 2025
Admission of WRAP Retail Offer Shares to trading on the Main Market of the London Stock Exchange
17 July 2025
Admission of Direct Subscription Shares to trading on the Main Market of the London Stock Exchange
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