Vaultz Capital (AQSE: V3TC), a digital asset operating company, is pleased to announce a further purchase of Bitcoin as part of its long-term Bitcoin treasury policy.
Purchase Summary:
· Bitcoin Purchased 47.853279
· Average Purchase Price: £89,335.57 per Bitcoin (approximately $118,724.68)
· Total Consideration: £ 4,274,999.96
Treasury Summary:
· Total Bitcoin: 117.853279
· Average Purchase Price: £85,183.37 per Bitcoin (approximately $ 114,237.58 *)
· Total Consideration: £10,039,140
*The total $ amount is given by adding each $ purchase and as such is not a reflection of current exchange rates.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
Enquiries
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Vaultz Capital plc Charlie Wood
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+44 (0)20 3475 6834 |
IMPORTANT NOTICES
The Company intends to hold treasury reserves and surplus cash in Bitcoin. Bitcoin is a type of cryptocurrency or cryptoasset. Whilst the Board of Directors of the Company considers holding Bitcoin to be in the best interests of the Company, the Board remains aware that the financial regulator in the UK (the Financial Conduct Authority or FCA) considers investment in Bitcoin to be high risk. At the outset, it is important to note that an investment in the Company is not an investment in Bitcoin, either directly or by proxy and shareholders will have no direct access to the Company’s holdings. However, the Board of Directors of the Company consider Bitcoin to be an appropriate store of value and potential growth and therefore appropriate for the Company’s reserves. Accordingly, the Company is and intends to continue to be materially exposed to Bitcoin. Such an approach is innovative, and the Board of Directors of the Company wish to be clear and transparent with prospective and actual investors in the Company on the Company’s position in this regard.
