B HODL Adds 2.17 Bitcoin to Treasury and Reports New Bitcoin-Denominated Loan Agreements

B HODL Plc reported that its Bitcoin treasury has increased to 157.211 Bitcoin following new Bitcoin-denominated convertible loan agreements and yield earned in November.

The company stated it entered into two unsecured, zero-coupon Convertible Loan Agreements totaling 2.1 Bitcoin with Blockstream CEO Adam Back and CoinCorner Limited. 

Each agreement has a three-year term with no interest, and lenders may convert their loans into ordinary shares at 11.55 pence per share. 

B HODL may also request conversion after six months if certain share price conditions are met. Loans not converted by maturity will be repaid in Bitcoin.

At the time of B HODL’s market admission, Adam Back held a 25.53% stake in the company. 

Other early shareholders included CoinCorner, Rise Investments, and several additional backers.

Because both lenders are substantial shareholders, the agreements are classified as Related Party Transactions under AQSE rules. 

The company stated that its independent directors determined the terms to be “fair and reasonable.”

B HODL CEO Freddie New said the company views new financial products as part of its long-term strategy to increase Bitcoin per share. 

CoinCorner CEO Danny Scott commented that the firm is pleased to participate in B HODL’s first Bitcoin convertible note and supports the company’s ongoing development.

The company reported generating 0.072 Bitcoin in November from yield activities, increasing its sats per share to 112.16.

B HODL also issued 100,000 new ordinary shares after a services provider elected to convert fees into equity at 14 pence per share. 

Admission of the shares to the AQSE Growth Market is expected around December 9th, 2025, bringing total shares in issue to 140,166,091.