Bitcoin institutional adoption keeps rising with companies of all sizes now adding the asset to their balance sheets. The latest is UK-listed firm Vaultz Capital, which just bought more Bitcoin and launched its first mining operation.
The UK-listed digital asset firm listed on the AQSE exchange, Vaultz Capital, has announced the purchase of 20 additional Bitcoin tokens at an average price of £88,981 ($119,380) each.
This £1.78 million acquisition increases the company’s total BTC holdings to 70, worth approximately £5.79 million. The average purchase price across all holdings is £82,653 per coin, or approximately $110,766.
Bitcoin Mining Operations Begin
In addition to its treasury expansion, Vaultz Capital is now taking steps into Bitcoin mining. The company has secured 20 petahashes per second (PH/s) of hashrate capacity, equivalent to around 200 cloud-based mining units.
Related: BlackRock Buys More Ethereum Than Bitcoin, Signaling Big Shift Toward Altcoins
This marks Vaultz’s first direct exposure to Bitcoin mining. The cloud-based setup allows the firm to contribute to the security and decentralization of the Bitcoin network without managing physical mining hardware.
Vaultz Capital said the hashrate acquisition aligns with its strategy to build a scalable, revenue-generating business through participation in Bitcoin network infrastructure.
“We’re delighted to have secured access to hashrate to support the Bitcoin network,” said CFO Alex Appleton. “At the same time, we’ve strengthened our treasury with additional Bitcoin, reinforcing our conviction in building a robust balance sheet.”
Institutional Holdings Now Exceed 3.5 Million BTC
Vaultz Capital’s move aligns it with a growing cohort of institutional players embracing Bitcoin as a treasury and infrastructure asset. According to data from Bitcoin Treasuries, more than 3.5 million BTC is now held by 273 public companies, governments, ETFs, and private corporations. This represents nearly 16.7% of Bitcoin’s total circulating supply.
Among public companies, Strategy leads with a massive 601,550 BTC, valued at $71.7 billion. Meanwhile, Marathon Digital holds about 50,000 BTC.
On the ETF front, BlackRock’s iShares Bitcoin Trust (IBIT) is the largest, managing 731,516 BTC, followed by Fidelity’s FBTC with over 206,000 BTC.
Even governments are holding, with the U.S. government alone sitting on over 207,000 BTC, mostly seized from cybercrime investigations.
Related: Macro Indicators Rhyme With 2017 Bull Run When Bitcoin Surged 23x – Analyst
With over 135 publicly listed firms now holding Bitcoin and major asset managers entering the scene, the race to secure BTC as a treasury reserve is heating up.
As of this press time, Bitcoin is trading at $119,222, representing a 1.1% increase over the past day. The token has now seen a 15.1% rise in the past month and 78.6% year-to-date growth.
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