London BTC Company Limited (BTC:L) the London Stock Exchange Main Market-listed Bitcoin treasury company with active mining operations across the United States and Canada, is pleased to confirm, further to the announcements made on 3 July 2025, the result of its fundraising at the Issue Price of 18.5 pence per share (“Issue Price”).
The Company announces that it has raised aggregate gross proceeds of £700,000, after cutting back the number of shares applied for, pursuant to the WRAP Retail Offer. Accordingly, the Company will issue a total of 3,783,786 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.
In addition to this Wrap Retail Offer, the Company has also received a firm direct subscription for a placing totalling £300,000 (gross) at the same issue price of the issue price of the WRAP at 18.5 pence per share (“Issue Price”).
Accordingly, the Company will issue a further 1,621,621 new Ordinary Shares (“Direct Subscription Shares”) at the Issue Price for the Direct Subscription.
Hewie Rattray, CEO of London BTC Company, commented: “We’re excited to have successfully closed £1 million in fresh capital through a mix of direct financing and our WRAP programme. Demand exceeded our target, but we chose to cap the raise strategically. We’re here to build aggressively, but we intend to strike hard when timing allows for maximum impact. With investor appetite growing and market conditions evolving fast, we’re positioning ourselves to move decisively on larger raises and Bitcoin acquisitions.”
Admission and Total Voting Rights
Applications will be made for the WRAP Retail Offer Shares to be admitted to trading on the Main Market of the London Stock Exchange plc (“Admission”). Admission is expected to become effective on or around 9 July 2025.
Applications will made for the Direct Subscription Shares to be admitted to trading on the Main Market of the London Stock Exchange plc (“Admission”). Admission is expected to become effective on or around 17 July 2025.
Upon Admission of both the new WRAP Retail Offer Shares and the Direct Subscription Shares, the Company’s issued Ordinary Share capital will increase from 330,469,646 Ordinary Shares to 335,875,053 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 335,875,053. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.
The new Ordinary Shares to be issued pursuant to the WRAP Retail Offer and the Direct Subscription will be issued free of all liens, charges and encumbrances and will, on Admission, rank pari passu in all respects with the new Ordinary Shares to be issued pursuant to the Placing, the Subscription and the Company’s existing Ordinary Shares.
Terms used but not defined in this announcement have the same meaning as set out in the Company’s announcement released at 16:31 UK time on the 3 July 2025.
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For further information, please contact:
London BTC Company Limited
Hew Rattray (CEO) hewie@vinanz.co.uk or hewie@ldnbtc.com
Rob Scott (Finance Director) rob@vinanz.co.uk or rob@ldnbtc.com
David Lenigas (Chairman) david@vinanz.co.uk or david@ldnbtc.com
David Bick (Financial PR) david.bick@square1consulting.co.uk
+44 (0) 20 7929 5599 / +44 (0) 7831 381201
