REG - B HODL PLC - Proof of Reserves Disclosure

Canaccord GenuityAnnouncement

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RNS Number : 4136C  B HODL PLC  07 October 2025

07 October 2025

B HODL Plc

("B HODL" or "The Company")

Proof of Reserves Disclosure

 

B HODL Plc (AQUIS: HODL), the first British company founded for Bitcoin
accumulation and revenue generation from the Bitcoin in its treasury, is
pleased to publish its inaugural Proof of Reserves disclosure on the Company's
website (https://bhodl.com/investors/proof-of-reserves
(https://bhodl.com/investors/proof-of-reserves) ).

 

As at 07 October 2025 , the Company's Bitcoin treasury comprised 128 Bitcoin
(BTC), with an aggregate cost basis of £10,784,858. This Proof of Reserves
disclosure reflects B HODL's ongoing commitment to transparency, strong
governance, and accountability regarding the Company's treasury position.

 

Future Proof of Reserves disclosures will be published on the Company's
website and, where appropriate, via RNS.

 

B HODL is a company founded by Bitcoiners, for Bitcoiners. Guided by Bitcoin's
open and transparent ethos, our team is committed to providing clear
information about our Bitcoin custody and proof of reserves.

B HODL self-custodies the Bitcoin through a multi-signature,
multi-jurisdictional, and multi-device setup, following industry best
practices and supported by a team with over a decade of experience in Bitcoin
custody. With Adam Back as shareholder and supporter, it was an obvious choice
to make use of the incredible Blockstream Jade as one of our multiple devices.

You can verify our current Bitcoin holdings of 128 Bitcoin at the following
address
[https://blockstream.info/bc1q9sczj2hnke8et6f6724xtdylej07faqf7w9lzqs5t6pnrznf8v2qrv4yz0
(https://blockstream.info/bc1q9sczj2hnke8et6f6724xtdylej07faqf7w9lzqs5t6pnrznf8v2qrv4yz0)
].

Please be aware Bitcoin may move from this address from time to time for the
operational purposes of the business.

 

Freddie New, CEO of B HODL, commented:

"Proof of Reserves is about institutionalising trust in Bitcoin treasuries
held by listed companies. We are committed to setting a high standard of
transparency in how we report our Bitcoin holdings. Publishing proof of
reserves, and following an industry-leading multisignature self custody
protocol,  provides shareholders with direct assurance that our treasury is
verifiable.

 

Danny Scott, Chief Bitcoin Officer, added:

"Proof of reserves is a popular principle in the Bitcoin space. By bringing
this practice into the public markets, we aim to build trust with investors
and demonstrate that B HODL is leading the way in combining traditional
governance with Bitcoin-native accountability."

 

For further information, please contact:

 B HODL
 Freddie New, Chief Executive             comms@bhodl.com
 Danny Scott, Chief Bitcoin Officer

 Communications Team

 Canaccord Genuity (Broker)               +44 (0)20 7523 8000

 Stuart Andrews

 George Grainger

 First Sentinel (AQSE Corporate Adviser)
 Paul Shackleton                          paul.shackleton@first-sentinel.com
 Beatriz Iribarren                        beatriz.iribarren@first-sentinel.com

 Celicourt Communications (Financial PR)  +44 (0)20 7776464
 Mark Antelme                             bhodl@celicourt.uk
 Jimmy Lea

About B HODL:

 

B HODL is the first UK-listed company founded for Bitcoin accumulation and
revenue generation. The Company operates a treasury-led strategy, deploying
its Bitcoin holdings to power the Lightning Network and generate sustainable
revenues from routing fees and liquidity provision. With a world-class team
and a Bitcoin-only focus, B HODL aims to become the leading British Bitcoin
company, giving investors transparent exposure to the growth of Bitcoin as
both a strategic asset and a global financial standard.

 

Important Notice

 

The Company intends to hold treasury reserves and surplus cash in Bitcoin.
This is a type of cryptocurrency or cryptoassets. Whilst the Board of
Directors of the Company considers holding cryptocurrencies to be in the best
interests of the Company, the Board remains aware that the financial regulator
in the UK (the Financial Conduct Authority or FCA) considers investment in
cryptocurrencies to be high risk. At the outset, it is important to note that
an investment in the Company is not an investment in cryptocurrencies, either
directly or by proxy and shareholders will have no direct access to the
Company's holdings. However, the Board of Directors consider cryptocurrencies
to be an appropriate store of value and potential growth and therefore
appropriate for the Company's reserves. Accordingly, the Company is and
intends to continue to be materially exposed to cryptocurrencies. Such an
approach is innovative, and the Board of Directors wish to be clear and
transparent with prospective and actual investors in the Company on the
Company's position in this regard.

 

The Company is neither authorised nor regulated by the FCA, and the purchase
of certain cryptocurrencies are generally unregulated in the UK. As with most
other investments, the value of cryptocurrencies can go down as well as up,
and therefore the value of the Company's cryptocurrencies holdings can
fluctuate. The Company may not be able to realise its cryptocurrencies
holdings for the same as it paid to acquire them or even for the value the
Company currently ascribes to its cryptocurrencies positions due to market
movements. Neither the Company nor investors in the Company's shares are
protected by the UK's Financial Ombudsman Service or the Financial Services
Compensation Scheme.

 

Nevertheless, the Board has taken the decision to invest in cryptocurrencies,
and in doing so is mindful of the special risks cryptocurrencies present to
the Company's financial position. These risks include (but are not limited
to): (i) the value of cryptocurrencies can be highly volatile, with value
dropping as quickly as it can rise. Investors in cryptocurrencies must be
prepared to lose all money invested in cryptocurrencies; (ii) the
cryptocurrencies market is largely unregulated. There is a risk of losing
money due to risks such as cyber-attacks, financial crime and counterparty
failure; (iii) the Company may not be able to sell its cryptocurrencies at
will. The ability to sell cryptocurrencies depends on various factors,
including the supply and demand in the market at the relevant time.
Operational failings such as technology outages, cyber-attacks and comingling
of funds could cause unwanted delay; and (iv) cryptoassets are characterised
in some quarters by high degrees of fraud, money laundering and financial
crime. In addition, there is a perception in some quarters that cyber-attacks
are prominent which can lead to theft of holdings or ransom demands.
Prospective investors in the Company are encouraged to do your own research
before investing.

 

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