Blue Star Capital plc secured £1.25 million to support its push into Bitcoin and crypto markets through its portfolio company SatoshiPay Ltd.
The fundraising allowed Blue Star shareholders to benefit from increased interest in businesses operating in crypto fields and crypto treasury management.
£1 million of the raised funds will be used as a secured loan to expand SatoshiPay's Bitcoin and other crypto treasuries, providing indirect exposure to potential Bitcoin gains.
By positioning Bitcoin as a core treasury reserve asset, Vortex, a subsidiary of SatoshiPay, aims to strengthen its presence in the crypto space and benefit from the growing institutional interest in Bitcoin treasuries.