Vinanz triples fundraising target as retail investors back Bitcoin strategy
Published: 07:22 17 Jun 2025 BST
Vinanz Ltd (LSE:BTC, OTCQB:VINZF), the Bitcoin-focused investment group listed on the London Stock Exchange, has raised £3.58 million from investors, more than triple its original £1 million target.
The company, which operates cryptocurrency mining facilities in the United States and Canada and holds Bitcoin as a treasury asset, said the fundraising would support additional purchases of the cryptocurrency.
Retail investors contributed £3.03mn through the WRAP platform, while a further £550,000 came via direct subscriptions. Shares were priced at 13.75p in both tranches.
"This raise reflects growing interest in our LSE-listed Bitcoin strategy and helps accelerate our goal of becoming a leading UK main board-listed Bitcoin company," said Hewie Rattray, chief executive.
Stock market-listed companies holding Bitcoin have become increasingly common, particularly in the United States.
Tesla has 11,509 bitcoins, valued at approximately $1.2 billion, while other prominent holders include MicroStrategy, Marathon Digital Holdings, Riot Platforms and CleanSpark.
Bitcoin has drawn renewed interest from investors following a sharp rise in price over the past year. Since April 2024, the value of the cryptocurrency has climbed more than 75%, reaching a high of around $111,000 in May before retreating to about $107,000.
The rally was driven in part by a scheduled "halving" event in April, which reduced the rate of new Bitcoin issuance. Similar events in the past have coincided with upward price movements.
Some investors predict the rally could continue, with forecasts ranging from $200,000 by year-end to as high as $1 million by 2030.
Vinanz, which is soon to become the London Bitcoin Company, is subject to full London Stock Exchange and Financial Conduct Authority oversight, unlike most of its UK rivals.
