CoinDesk Analyst Guides UK Cryptocurrency Company on Establishing a Bitcoin Treasury

U.K.-based Coinsilium Group (COIN:AQSE), which became the first blockchain firm to IPO in 2015, has announced a £1.25 million raise as it looks to establish its bitcoin BTC$103,844.06 treasury initiative. The raise occurred alongside a record high in trading volume of Coinsilium Group shares, with 14 million shares changing hands on Friday. Shares are currently trading at £0.04, having risen by 24% over the past 24 hours.

The company is advised by Coinsilium analyst James Van Straten, who noted the significance of the record trading volumes as Coinsilium announces its bitcoin treasury. He stated: “I remain focused on helping educate the UK market on bitcoin and assisting the UK in becoming a leader in this space.”

This initiative to set up a bitcoin treasury aligns with movements from several other companies, including Strategy (formerly MicroStrategy) and Metaplanet, while the U.S. Government has also outlined plans to stockpile BTC in March.

Disclaimer: James Van Straten is a Coinsilium employee who owns Coinsilium Group and MSTR shares.