B Hodl PLC

Regulatory Filings • Sep 16, 2025

National Storage Mechanism | Additional information

RNS Number : 4205Z

B HODL PLC

16 September 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW.  This announcement is not a prospectus nor an offer of securities for sale in any jurisdiction, including in or into the United States, Canada, Japan, Australia or South Africa.  Neither this announcement, nor anything contained herein, shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not purchase any shares referred to in this announcement except solely on the basis of the information contained in an admission document in its final form (together with any supplementary admission document, if relevant) (the "Admission Document"), including the risk factors set out therein, that may be published by B HODL Plc (the "Company" or "B HODL") in due course in connection with a possible offer of ordinary shares in the Company ("Ordinary Shares") and the possible admission to listing of Ordinary Shares to the AQSE Growth Market Access Segment. A copy of the Admission Document published by the Company, is available on the Company's website: bhodl.com

16 September, 2025

B HODL Plc

("B HODL", "the Company")

Intention to Float

Application for Admission to trading on the Access Segment of the AQSE Growth Market

Subscription to raise approximately £13.3 million

WRAP Retail Offer to raise approximately £500,000

Generating Revenue from Bitcoin Treasury

B HODL, the first British company founded exclusively for Bitcoin accumulation and revenue generation, is pleased to announce its intention to seek the admission of its Ordinary Shares to trading on the Access segment of the AQSE Growth Market ("Admission").  Admission is targeted for 22 September 2025.

The Company has conditionally raised approximately £13.3 million by way of a subscription for 95,251,802 New Ordinary Shares (the "Subscription Shares") at 14 pence per share ("Issue Price") and is proposing to make a WRAP Retail Offer of around 3,571,427 New Ordinary Shares at the Issue Price to raise a further approximately £500,000.

B HODL has today published an admission document ("Admission Document") containing further information about the above proposals ("Proposals").

Highlights

·      A world class Board and Management team, comprising 40+ years of combined experience in the Bitcoin industry.

·      Exclusively focused on Bitcoin-related activities; building robust and sustainable revenue streams from strategically acquired Bitcoin.

·      Operating a 5-year-old Bitcoin Lightning Node ranked among the global top 100 in capacity, generating routing fee income, with short term plans to scale up via further Nodes.

·      Low operating costs allowing for c. 90% of equity funding to be focused on strategic Bitcoin accumulation, delivering long-term asymmetric returns. 

·      Focused on supporting the development of the Bitcoin ecosystem, contributing to its infrastructure and advancing its use as a global financial standard. 

·      Endorsed by leading Bitcoin figures with influential investors including Adam Back, CEO and co-founder of Blockstream.

Further information about B HODL and its business is set out in the Appendix below.

Board & Management

At Admission, the Board will comprise a Non-Executive Chairman, four Executive Directors and one other Non-Executive Director.

Brief biographical details of the Directors are set out below:

David Jaques, (aged 69), Non-Executive Chairman

David is a seasoned financial executive with over 40 years of experience in the financial industry. His expertise spans financial management, corporate governance and leadership across private equity, venture capital and public companies.

David currently serves as Chief Financial Officer of Mendable Worldwide Ltd., an organisation dedicated to global mental health advocacy. He is also an Independent Director and Audit Committee Chair of Cathedra Bitcoin Inc. (TSXV: CBIT) and Bluedot Innovation Inc. His board experience includes multiple publicly listed companies where he has chaired audit committees, providing oversight of financial reporting, internal controls, and compliance.

Earlier in his career, David was the first Chief Financial Officer of PayPal Inc., where he established the company's financial and administrative functions during its formative growth. He also served as Chief Administrative Officer at BlueRun Ventures, helping grow assets under management from $150 million to $1 billion, and held senior financial leadership roles at Silicon Valley Bank and Barclays Bank PLC.

David holds a Higher National Diploma in Business Administration from the Polytechnic of the South Bank, London. He is an Associate of the Institute of Bankers (UK) and a former Fellow of the Association of Chartered Certified Accountants (UK).

Frederick Edmund New (Freddie), (aged 45) Chief Executive Officer and Executive Director

Freddie is the co-founder of Bitcoin Policy UK, the leading non-profit organisation focused on engaging UK policy makers, regulators and the public on the role of Bitcoin in a modern society.  Freddie is a qualified solicitor who has worked primarily in the private equity and special situations teams of leading UK and US law firms, with experience advising the boards of both listed and unlisted companies.  He has been a member of the C-Suite at an engineering start-up for several years, and his practice now primarily focuses on consulting roles with early-stage companies in the fintech, payments and engineering sectors. He is an alumnus of Queens' College, Cambridge, and BPP Law School, London.

Daniel Lawrence Scott (Danny), (aged 39) Chief Bitcoin Officer and Executive Director

As co-founder and CEO of CoinCorner, Danny has built one of the world's longest-standing Bitcoin companies, which has been operating since 2014. Under his leadership, CoinCorner has become a platform for Bitcoin custody, payments, and infrastructure, with a reputation for regulatory compliance and innovation.

Danny is a vocal advocate for Bitcoin adoption in the UK, frequently contributing to industry discussions, media appearances, and policy efforts.

With software development at his core, Danny is one of a relatively few people to contribute to Bitcoin Core, as well as creating "The Bolt Card" alongside Zakk (CTO) opening up secure and safe NFC (Contactless) capabilities for Bitcoin payments.

David Patrick Martin Boylan, (aged 40) Chief Finance Officer and Executive Director

David has served as CFO of CoinCorner for six years, overseeing the financial operations of one of the UK's longest-running Bitcoin companies.

A qualified finance professional, David brings over 17 years of experience across all levels of finance, with a track record in strategic financial leadership, treasury management and business growth within the fintech and cryptocurrency sectors.

Zakk Jon Lakin, (aged 30) Chief Technical Officer and Executive Director

Zakk is an experienced software engineer with over seven years of expertise in the Bitcoin industry. He is CTO at CoinCorner and has been instrumental in the design, development, and delivery of pioneering products utilising Bitcoin and Lightning Network technologies. At CoinCorner, Zakk has been responsible for overseeing technical strategy, infrastructure, and product development roadmap, while leading a team of developers focused on innovation and growth. He holds a First-Class Honours degree in Computer Science from the University College Isle of Man.

Russell Allen Farrington (Allen), (aged 33) Non-executive Director

Allen is a co-founder of Axiom Venture Partners Ltd, a bitcoin native corporate finance and venture capital firm, where he serves as General Partner of Axiom Venture Funds I and II. Prior to this, Allen spent seven years at Baillie Gifford & Co., one of the UK's leading investment management firms, where he held positions across international growth equities, US and Japanese equities and investment-grade credit teams.

Allen holds a First-Class Joint Honours degree in Mathematics and Philosophy from the University of St Andrews. He has passed CFA Levels I and II and brings a strong background in both traditional finance and venture capital.

Directors' Disclosures

The information about the Directors which is required to be disclosed is set out in the Admission Document. T here is no further information which is required to be disclosed pursuant to Rule 4.9 of the rules of the Access segment of the AQSE Growth Market.

Influential Investors

The Subscription has attracted a significant number of high-profile investors from within the Bitcoin industry, including Adam Back, CEO and co-founder of Blockstream, and Joe Nakamoto, a well-known Bitcoin journalist and educator, among others. A list of strategic investors can be found here: https://bhodl.com/investors/strategic-investors

Equity fundraising & Winterflood Retail Access Platform Offer

​

Conditional on Admission, investors have entered into subscription letters directly with the Company to subscribe for 95,251,802 Subscription Shares at 14 pence per share, which has raised £13,335,256.38 for the Company (before expenses), to allow the company to execute its strategy of acquiring Bitcoin and undertaking Bitcoin related operational activities, primarily the operation of Lightning Nodes and routing Bitcoin transactions through the Lightning Network. 

​

In addition, B HODL is pleased to announce that it intends to extend the investment opportunity to new retail investors via a retail offer which will be undertaken via the Winterflood Retail Access Platform (" WRAP "), to raise up to £500,000 of gross proceeds. The WRAP Retail Offer is being undertaken to allow qualifying new retail shareholders in the United Kingdom an opportunity to participate in the IPO at the Issue Price. It is expected that the WRAP Retail Offer will launch shortly and will be open for applications until 15:00 on 19 September 2025 (or such later time and date as the Company, and Winterflood may agree). The application for Admission is not conditional on the WRAP Retail Offer. There can be no guarantee that the WRAP Retail Offer will be fully subscribed. The WRAP Retail Offer is conditional on Admission. A further announcement will be made in due course regarding the WRAP Retail Offer and detailing its terms.

Commenting, Freddie New, CEO of B HODL, said:

"Bitcoin is our business - both in terms of our intention to acquire a significant Bitcoin treasury, and in our plans to use that Bitcoin to strengthen and develop Bitcoin's payment capabilities via our operation of one of the world's most highly ranked Lightning nodes.

Bitcoin's market capitalisation now sits at around $2 trillion, but we believe that this represents just a small fraction of its potential value in the foreseeable future. It's also an asset to which many investors are underexposed. We have therefore come together to create B HODL, with a team that includes leading figures from the Bitcoin industry and who also have significant experience in paytech and asset management. Through B HODL, investors can gain price exposure to Bitcoin and to the growing payment revolution that we believe it represents, participating indirectly in the continuing growth, strength and stability of the industry."

Danny Scott, CBO of B HODL, said:

"We are committed to making B HODL the leading UK listed Bitcoin company and believe that we have the people, network, knowledge and strategy to successfully deliver on this ambitious objective. We are extremely excited about the future and look forward to providing regular updates on our progress.

I hope that we can inspire a new wave within Bitcoin treasury companies whose core business is to utilise the treasury asset itself, allowing for a pure focus on Bitcoin."

Contact:

B HODL
Freddie New, Chief Executive	[email protected]
Danny Scott, Chief Bitcoin Officer Communications Team	[email protected] [email protected]
First Sentinel (AQSE Corporate Adviser)
Paul Shackleton	[email protected]
Beatriz Iribarren	[email protected]
Celicourt Communications (Financial PR)	+44 (0)20 7776464
Mark Antelme	[email protected]
Jimmy Lea

IMPORTANT NOTICES

This announcement is for information purposes only and does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any ordinary shares in the capital of the Company ("Ordinary Shares"), nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefore. In particular, this document does not constitute, contain or form part of any offer of transferable securities to the public within the meaning attributed to that phrase by Section 102B of FSMA.

First Sentinel Corporate Finance Limited ("First Sentinel") , which is authorised and regulated by the Financial Conduct Authority, is the Company's AQSE Corporate Adviser for the purposes of Admission. First Sentinel has not made its own enquiries except as to matters which have come to its attention and on which it considered it necessary to satisfy itself and accepts no liability whatsoever for the accuracy of any information or opinions contained in this announcement, or for the omission of any material information, for which the Directors are solely responsible. First Sentinel is acting for the Company and no one else in relation to the arrangements proposed in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice to any other person on the content of this announcement.

OVERSEAS SHAREHOLDERS

This announcement does not constitute an offer to sell, or a solicitation to buy Ordinary Shares in any jurisdiction in which such offer or solicitation is unlawful. In particular, this announcement is not, subject to certain exceptions, for distribution in or into the United States, Canada, Australia, the Republic of South Africa or Japan. The Ordinary Shares have not been nor will be registered under the United States Securities Act of 1933, as amended, nor under the securities legislation of any state of the United States or any province or territory of Canada, Australia, the Republic of South Africa or Japan or in any country, territory or possession where to do so may contravene local securities laws or regulations. Accordingly, the Ordinary Shares may not, subject to certain exceptions, be offered or sold directly or indirectly in or into the United States, Canada, Australia, the Republic of South Africa or Japan or to any national, citizen or resident of the United States, Canada, Australia, the Republic of South Africa or Japan.

The distribution of this announcement in certain jurisdictions may be restricted by law. No action has been taken by the Company or First Sentinel that would permit a public offer of Ordinary Shares or possession or distribution of this announcement where action for that purpose is required. Persons into whose possession this announcement comes should inform themselves about, and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Holding Ordinary Shares may have implications for overseas Shareholders under the laws of the relevant overseas jurisdictions. Overseas Shareholders should inform themselves about and observe any applicable legal requirements. It is the responsibility of each overseas Shareholder to satisfy himself as to the full observance of the laws of the relevant jurisdiction in connection therewith, including the obtaining of any governmental, exchange control or other consents which may be required, or the compliance with other necessary formalities which are required to be observed and the payment of any issue, transfer or other taxes due in such jurisdiction.

FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements. These statements relate to the Company's future prospects, developments and business strategies.

Forward-looking statements are identified by their use of terms and phrases such as "believe", "could", "envisage", "estimate", "intend", "may", "plan", "will" or the negative of those variations or comparable expressions, including references to assumptions.

The forward-looking statements in this announcement are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. Certain risks to and uncertainties for the Company are specifically described in Part II of the Admission Document headed "Risk Factors". If one or more of these risks or uncertainties materialises, or if underlying assumptions prove incorrect, the Company's actual results may vary materially from those expected, estimated or projected. Given these risks and uncertainties, potential investors should not place any reliance on forward-looking statements.

These forward-looking statements are made only as at the date of this announcement. Neither the Directors nor the Company undertake any obligation to update forward-looking statements or Risk Factors other than as required by law or the AQSE Growth Market Access Rulebook whether as a result of new information, future events or otherwise. However, nothing in this announcement shall be effective to limit or exclude liability for fraud or which, by law or regulation, cannot otherwise be so limited or excluded.

Appendix

INFORMATION ON THE COMPANY

1.    Background 

Bitcoin is an emerging monetary asset, with a fixed supply schedule and a finite amount. B HODL Plc was incorporated in the Isle of Man on 12 June 2025 with the intention to capture the significant growth potential of Bitcoin and the Bitcoin industry.  B HODL is focused from inception both on Bitcoin revenue generation and the ongoing growth of the Bitcoin industry and ecosystem. The Company aims to generate revenues from its holdings of Bitcoin, undertaking Bitcoin related operational activities, primarily the operation of Lightning Nodes and routing Bitcoin transactions through the Lightning Network.  B HODL comprises a team which the Directors believe includes some of the most experienced professionals currently working in the Bitcoin space, as well as experts from paytech, financial services and markets and the legal profession.

The Company will leverage its exclusive relationship with CoinCorner, a leading British Bitcoin exchange, and acquire a significant Bitcoin treasury. It will execute revenue generating activities from its Bitcoin treasury using its expert management team and employees, who have, between them, over 40 years' experience of operating across the entire spectrum of the Bitcoin ecosystem, in addition to considerable depth of experience in financial services, law, investment management, fintech and in start-up businesses.

The Company further aims to maintain lower expense ratios than other comparable operators currently in the UK market.

Long term vision  

The Directors have a long-term vision to become a global player in Bitcoin services, with a focus specifically on Lightning liquidity and infrastructure, which they believe will be required for the Bitcoin ecosystem to mature and spread to mainstream adoption.

By way of comparison, fiat-based payment systems such as SWIFT, Visa, and SEPA are currently used for moving fiat currency from institution to institution, both locally and internationally.

Bitcoin's Lightning Network is the equivalent of these in the Bitcoin ecosystem, but open and permissionless, allowing for cost efficient and almost instantaneous settlement, in stark contrast to settlement timelines often seen in fiat systems, which typically take a number of days to complete.  The Lightning Network provides a better, faster payment solution, experience and greater inclusion globally.

The Directors believe that over the medium term the Bitcoin Lightning Network will begin to replace many legacy fiat payment systems but will require institutional scale infrastructure and liquidity. B HODL's primary strategy is to position itself at the epicentre of this burgeoning ecosystem, building foundations for the future by operating Lightning Nodes on the Lightning Network and using its own Bitcoin Treasury to provide liquidity to these Nodes, which will begin to generate revenue immediately for the Company.  The Directors believe this is a strategy all public companies acquiring Bitcoin will eventually seek to emulate in years to come. However, B HODL will benefit from executing that strategy today, gaining first mover advantage and scaling under the leadership of a team whose experience in this area the Directors believe will be difficult to match.

To date many organisations have been deterred from adopting Bitcoin for institutional settlement due to its volatility. However, stablecoins, such as Tether, are now launching on the Bitcoin Lightning Network, allowing Bitcoin to provide the settlement infrastructure and liquidity, while providing for transaction values to be maintained through their peg to a stablecoin. The Directors believe this development offers potentially significant scaling opportunities for the Lightning Network with commensurate revenue generation opportunities for businesses which are capable of operating the infrastructure and providing liquidity to it.

The Directors believe that certain international banks have begun to not only explore the use of the Lightning Network for customer Bitcoin transactions but actually begin integrations and launch Bitcoin Lightning access for their customers. 

2.    Summary of Investment Case 

The Directors believe that B HODL presents investors with an attractive opportunity based on the following: 

·    Experienced Leadership: B HODL's Board, management team and Strategic Advisors bring decades of expertise in the Bitcoin ecosystem, fintech, financial services, governance, investment management and law;

·        Operational Focus: B HODL is exclusively focused on Bitcoin-related activities, primarily the generation of robust and sustainable revenue streams from its own strategically acquired Bitcoin treasury. This focused approach ensures operational efficiency and avoids unnecessary distraction from other non-Bitcoin related, tangential activities.

·        Exposure to Bitcoin Lightning Network growth: B HODL offers investors exposure to the rapidly expanding Bitcoin Lightning Network as it scales through increasing Bitcoin usage and stablecoin adoption. The operation of Lightning Network infrastructure will be a key B HODL revenue driver over the coming years. Tether (USDT) is being added to the Bitcoin Lightning Network and the stablecoin market as a whole currently processes $2 Trillion of monthly transfer volume. The Directors believe that B HODL will aim to capture 1% of the entire Lightning Network volume.

·        Strategic Partnership with CoinCorner: CoinCorner, a trusted British Bitcoin exchange since 2014, is a key partner and shareholder of B HODL, providing:

o  Bitcoin Acquisition: Facilitating B HODL's purchase of Bitcoin through CoinCorner's exchange services.

o  Top 100 Lightning Node: a 5-year-old Lightning Network node, ranked among the global top 100 by capacity.

o  Operational Services: Marketing support, compliance assistance, technical services, and premises access.

·        The Directors believe that B HODL's low operating costs will allow for up to 90% of equity funding to be focused on strategic Bitcoin accumulation, which they expect to deliver long-term asymmetric returns.

·        High standards of Corporate Governance and transparency to the market based on the adoption of the QCA Code and adherence to it from a highly experienced Board and advisory support network

·        The Company's aggressive Bitcoin acquisition strategy which, the Directors believe, will lead to B HODL quickly gaining the scale required to be a leading player globally in the Bitcoin infrastructure and treasury space.

·        Bitcoin as a strategic asset and commodity: The Directors consider Bitcoin to be both a strategic asset and a commodity, representing an emerging monetary asset within a global financial market estimated at approximately US$900 trillion. Bitcoin currently accounts for around 0.2% of this value, with its long-term potential envisaged by industry commentators to reach 2 to 20% should adoption continue to broaden. Bitcoin's unique characteristics, including its fixed supply of 21 million units, each of which is divisible into 100 million units (called satoshis), portability, and transparency via its public ledger, are central to its value proposition.

·        These features distinguish Bitcoin from fiat currencies, which are subject to inflationary pressures and central bank control, and from traditional stores of value such as gold, which lack digital portability. The Directors believe these position Bitcoin to play an increasingly significant role in global financial markets as a hedge against monetary instability and, including the Lightning Network, as a foundation for new payment infrastructure. This context underpins the Company's treasury led strategy of accumulating Bitcoin for long term appreciation while deploying it operationally to generate revenue through Lightning Network routing and related services.

3.    Strategy and Objectives 

The core strategy of the Company is to generate revenues from its significant and expanding Bitcoin treasury. Initially B HODL will focus on generating revenue through the operation of Lightning Nodes as outlined above.  It will use its own Bitcoin Treasury to provide the liquidity required to permit the rapid scaling of operations leading to increasing routing fees being secured. The Company will seek to expand its revenue generating activities and adopt new opportunities as they arise. The Directors believe that revenue generating activities will grow and diversify markedly in the future.

B HODL intends to accumulate a significant amount of Bitcoin, as quickly as possible, funded by further issues of Ordinary Shares. Any such fund raising will be opportunistic and only to the extent that terms offered reflect a premium to the prevailing Net Asset Value of the Company. Unlike other public companies holding Bitcoin, B HODL will utilise its Bitcoin treasury by allocating it to several revenue generating operational activities.  This will initially and primarily entail revenue derived from operating Lightning Nodes which permit the routing of Bitcoin transactions through the Lightning Network. Lightning Node operators are able to charge routing fees to generate revenue.  The Directors intend that in due course the Company will also sell inbound liquidity to other Lightning Node operators.

Subsequent revenue generating operational activities which have been identified by the Directors and which they intend to explore within the first 12 months following Admission include:

●          the provision of Bitcoin liquidity to Bitcoin Mining Pools;

●          the provision of Bitcoin collateral to other businesses offering Bitcoin backed loans; and

●          offering Bitcoin Advisory Services primarily to UK based businesses seeking to adopt a Bitcoin strategy of their own.  The Directors believe this is likely to cover discrete areas such as treasury strategy, accepting Bitcoin transactions, Bitcoin custody best practice and corporate Bitcoin education.

The Directors will procure that all allocations to revenue generating activities will be monitored in real time and allocations will be adjusted according to the levels of revenues being generated and the associated risks by each activity.  Members of the B HODL team are recognised experts in this field, having been involved in such revenue generation activities since the inception of the Lightning Network.

An initial allocation of around 10% of equity funds raised will be directed towards the Company's ongoing working capital requirements with the remainder available for Bitcoin acquisition.  Operating costs are forecast to remain relatively fixed over the medium term, enhancing capital efficiency and gross margin as the business scales.  A key strategy will be to build an operational treasury that can sustain a minimum of four years of core costs, enabling long-term planning and resilience across the volatility of Bitcoin cycles.

4.    Organisation

The Directors intend that B HODL will be managed by a team of leading Bitcoin operators with significant expertise in revenue generation activities, corporate governance, asset management and fintech. All revenue generation and Bitcoin advisory activities will be carried out within the Company. The acquisition of Bitcoin will be carried out by B HODL through the exchange service provided by CoinCorner, a registered Bitcoin exchange operating in the Isle of Man for over 11 years.  The Company has entered into a services agreement with CoinCorner to provide operational systems, marketing support, compliance assistance, technical services access to shared office premises and a 40 year lease of an initial Lightning Node.

This agreement allows the Company to leverage CoinCorner's 11-year operational track record, freeing up capacity within the Company to execute on revenue generating and advisory activities, offering shareholders the prospect of increased returns based on significant revenue generation rather than simple non-productive custody of Bitcoin as an asset.  It also provides the Company with access to immediately available institutional grade infrastructure and avoids significant cost expenditure from within the Company.

CoinCorner, one of the world's longest established Bitcoin companies is a Bitcoin only business, with a clear focus on building infrastructure, tools, and services that support the Bitcoin ecosystem. Unlike many platforms that promote altcoins (being any cryptocurrency coin other than Bitcoin) or speculative trading products, CoinCorner remains committed to Bitcoin as the foundation for financial innovation.

CoinCorner offers a range of services, including secure custody, payments infrastructure, merchant solutions, and consumer access to Bitcoin. Trusted by hundreds of thousands of individuals and businesses, CoinCorner has earned a reputation for regulatory compliance, product reliability, and principled leadership.

CoinCorner was one of the earliest companies globally to adopt the Lightning Network, integrating it over five years ago. CoinCorner is also the creator of The Bolt Card, a contactless Bitcoin payment card that has become a breakthrough in real world Bitcoin payments. All of CoinCorner's technology and services are developed in house by a dedicated team, ensuring full control, security, and adaptability.

As part of the relationship with CoinCorner, B HODL will lease a 5 year old, global top 100 Lightning Node (ranked by capacity) which the Directors have been running and maintaining for CoinCorner.

This is beneficial for the Company as channels are often created and transactions routed through nodes that are reputable via a multitude of metrics, one being age and one being capacity.

This is also publicly verifiable via multiple websites to aid in proof that the Directors have managed a commercial 5 year old Bitcoin Lightning Node.

This will enable the Company to commence Lightning Node operation immediately with the intention to set up further nodes as soon as practicable thereafter.

- Ends -

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