Company Announcements

Bitcoin Purchase

Source: RNS
RNS Number : 1096J
Vinanz Limited
19 May 2025
 

19 May 2025

 

 

Vinanz Limited

("Vinanz" or "the Company")

 

Bitcoin Purchase

 

London, New York, May 19, 2025, Vinanz Limited (BTC:L and VINZF:US); the London Stock Exchange Main Market-listed Bitcoin treasury company with active mining operations across the United States and Canada, is pleased to announce the purchase of 16.9 Bitcoins as part of its growing Bitcoin treasury strategy.

 

Number of Bitcoins Purchased: 16.9

Average Purchase Price per Bitcoin: US$103,341 (including fees)

Total Amount of the Purchase: US$1,748,000

 

 

David Lenigas, Chairman of Vinanz, comments

 

"We are pleased to announce the completion of our first Bitcoin purchase. Expanding our Bitcoin treasury is a natural and strategic choice for us. We see Bitcoin as the future reserve asset for a digitally native financial system. Growing our Bitcoin holding is fundamental to our core business values and we intend to continue adding Bitcoin to our balance sheet.

 

The growing adoption of Bitcoin as a corporate treasury asset for a lot of big companies represents a fundamental shift in global finance, with many companies leveraging it as a hedge against inflation and a store of value. Holding an ever-increasing amount of Bitcoin in our treasury makes sense, as a significant proportion of our operating and capital costs are transacted in Bitcoin, hence Bitcoin is our preferred currency.

 

We regard Bitcoin not just as an asset - but as a superior form of money. Unlike fiat currencies, Bitcoin offers hard-coded scarcity, transparency, and decentralisation."

 

The directors of Vinanz Limited accept responsibility for this announcement.

 

For further information please contact:

 

Vinanz Limited

David Lenigas                                                      david@vinanz.co.uk

Jeremy Edelman                                                  jeremy@vinanz.co.uk

 

First Sentinel (Corporate Adviser)

Brian Stockbridge                                                brian@first-sentinel.com

                                                                                +44 (0) 20 3855 5551

 

Clear Capital Markets (Broker)

Bob Roberts                                                         bobroberts@clear-cm.co.uk

                                                                                +44 (0) 20 3869 6080

About Vinanz Limited

 

Vinanz's primary listing is in London (United Kingdom) on the London Stock Exchange under the ticker "BTC.L" and trades in the USA on the US OTCQB under the ticker "VINZF". Vinanz is building up a strategic Bitcoin holding through acquiring Bitcoin as a treasury and currency management tool and by adding Bitcoin through its own Bitcoin mining operations in North America.  The Company currently has miners installed in multiple third-party hosting facilities in Indiana, Iowa, Nebraska and Texas in the USA and in Labrador (Canada).

 

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

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