Coinsilium Group Limited Scores £1.25M to Turbocharge Bitcoin Treasury Strategy

London-Based Firm's Forza Subsidiary Set to Shine

Hold onto your hats, crypto fans! Coinsilium Group Limited, the U.K.'s hotshot in web3 investing and advisory, just bagged a cool £1.25 million to fuel its Bitcoin treasury strategy. That's right, they're diving headfirst into the world of BTC!

On May 15, Coinsilium dropped the bombshell that they've locked in £1.25 million ($1.66 million) to supercharge Forza, their London-based, fully-owned subsidiary. Get ready, because Forza is all about those Bitcoin treasury activities!

Forza isn't messing around when it comes to BTC.

But wait, there's more! Coinsilium isn't just stopping at Bitcoin. They're using the cash from a broker-led placing—41,666,657 new ordinary shares at a sizzling 3 pence each—to also pump up their general working capital. Talk about a power move!

And they're not done yet. Coinsilium's also rolling out a retail offer through the Winterflood Retail Access Platform, aiming to rake in another £250,000 (about $332,116). This offer's open to both new and existing shareholders, so everyone can get in on the action!

Malcolm Palle, the executive chairman of Coinsilium, couldn't contain his excitement:

"I am delighted to announce this Placing today. We have been very pleased by the response to the Company’s Forza! Initiative and these funds will allow us to advance the implementation of our Bitcoin Treasury Strategy. I am also pleased to welcome Oak Securities as Joint Broker to the Company and would like to acknowledge their role as a cornerstone in this Placing."

Coinsilium's move is just the latest in a wild rush by companies to stack up on BTC for their treasury strategies.

But Bitcoin's not the only game in town. Other coins are getting in on the action too, with Ethereum (ETH) and Solana (SOL) drawing big eyes. SOL Strategies and BTCS Inc. are making major moves to hoard SOL and ETH, respectively. The crypto party's just getting started!

And let's not forget about Strategy, led by the legendary Michael Saylor. They're still the heavyweight champs when it comes to publicly-listed companies holding the most BTC. After snagging an extra 13,390 BTC for a cool $1.34 billion, they're now sitting on a mind-blowing 568,840 BTC. Saylor's Bitcoin bet is now worth a jaw-dropping $39.41 billion, with an average purchase price of $69,287 per bitcoin. That's some serious crypto muscle!