CoinDesk Analyst Advises UK Crypto Firm to Set Up 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 treasury initiative.
The raise came 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 CoinDesk analyst James Van Straten, who told CoinDesk that it was "great to see record trading volumes as Coinsilium announces a bitcoin treasury."
He added: "I remain focused on helping educate the UK market on bitcoin and helping the UK become a leader in this space."
The move to set up a bitcoin treasury follows in the footsteps of several other companies including Strategy (formerly MicroStrategy) and Metaplanet, with the U.S. Government also outlining plans to stockpile BTC in March.Sign in to access your portfolio
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