B HODL Stock Surges 67% in a Month on MicroStrategy Bitcoin Playbook
B HODL stock has climbed 67% in a month. It announced buying 1 BTC on Thursday, lifting its treasury to 167.487 BTC.
The company trades on the Aquis Stock Exchange, a small London venue for growth companies. It part-funded the purchase by completing its second at-the-market (ATM) equity programme, with its Capital Deployment Programme covering the rest.
B HODL Stock Climbs While the Bitcoin Cost Basis Stays Underwater
The company paid £57,680, or about $77,772, for the coin. Its average cost sits near $110,129 per Bitcoin, so the treasury stays roughly 29% under water.
Bitcoin (BTC) traded near $77,658 on Thursday, up 0.3% on the day. The coin has gained 22% in a month, so B HODL stock tripled that pace.
Sats per share climbed to 120.16 from 117.77 at the end of April. That number matters because dilution only pays when each share ends up holding more Bitcoin.
An ATM programme drip-feeds small share tranches into the open market, and MicroStrategy pioneered the tool. B HODL raised about £48,300, or roughly $65,000, selling 600,000 shares at an average 8.06 pence. The Capital Deployment Programme made up the difference.
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