REG - Blue Star Capital - SatoshiPay Update

Blue Star CapitalAnnouncement

08/08/2025 07:00

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RNS Number : 5025U  Blue Star Capital plc  08 August 2025

8 August 2025

Blue Star Capital plc

 

("Blue Star" or the "Company")

 

SatoshiPay Update

 

Blue Star Capital plc (AIM: BLU), the investing company with a focus on
blockchain, payments and esports, announces that further to the announcement
on 29 July 2025, the Company has been advised that SatoshiPay has fully
invested the £1,000,000 loan (the "Loan") provided by the Company.

 

SatoshiPay has used the Loan to increase its existing digital asset portfolio
by acquiring 72.03338 Ether ("ETH") at an average purchase price of EUR 3,188
per ETH. In addition, SatoshiPay has acquired 9.26732 Coinbase Wrapped BTC
("cbBTC") at an average price of EUR 99,099 per cbBTC.

 

cbBTC is a token that is backed 1:1 by native Bitcoin ("BTC") held by
Coinbase, meaning that for all cbBTC in circulation, there is an equivalent
amount of BTC held in a secure custody solution (including cold storage)
provided by Coinbase. Wrapped assets, like cbBTC, are transferable tokens that
are redeemable for the underlying asset. Coinbase customers can unwrap cbBTC
and redeem a corresponding amount of the underlying BTC simply by depositing
the cbBTC into their Coinbase accounts. cbBTC is built to be seamlessly
compatible with decentralised finance (DeFi) applications, giving customers
the option to tap into DeFi and unlock financial utility.

 

Tony Fabrizi, Executive Chairman of Blue Star said  "As previously announced
the treasury operations of SatoshiPay are intended to provide a dual benefit
of holding digital assets and also providing a framework for SatoshiPay to
build additional liquidity behind Vortex through DeFi applications. We look
forward to reporting on the performance of SatoshiPay's treasury operations as
well as progress with Vortex in the coming months ".

 

The Company currently has a 50 per cent. shareholding in SatoshiPay.

 

The Directors of the Company take responsibility for this announcement.

 

For more information please contact:

 

 Blue Star Capital plc                +44 (0) 777 178 2434
 Tony Fabrizi

 Cairn Financial Advisers LLP         +44 (0) 20 7213 0880
 (Nominated Adviser)
 Jo Turner / Liam Murray / Ed Downes

 Axis Capital Markets Limited         +44 (0) 20 3026 0449
 (Sole Broker)
 Lewis Jones

 

About Blue Star

Blue Star is an investing company with a focus on new technologies. Blue
Star's investments include SatoshiPay Ltd, an experienced blockchain company
with a strong track record in innovative payment solutions; Dynasty Media
& Gaming, whose B2B white label platform is a full-stack gaming ecosystem;
and Paidia, a female focussed gaming platform.

 

 

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