British fintech firm Valereum Plc has launched a £500,000 fundraising initiative to establish a Bitcoin treasury reserve and support business expansion. The company will issue approximately 16.12 million new shares priced at 3.1 pence each across two phases: a £400,000 firm subscription followed by a public retail offer.
Despite the strategic announcement, Valereum experienced an immediate 4.35% decline in its stock price. This market response contrasts with share price increases observed at competitors like Vaultz Capital following similar Bitcoin treasury initiatives.
The planned Bitcoin reserves form a cornerstone of Valereum’s strategy to align financial operations with its innovation-focused vision. The treasury may facilitate future acceptance of Bitcoin payments while positioning the company within the growing cohort of institutions incorporating cryptocurrency assets.
This financing round underscores Valereum’s commitment to integrating digital assets amid broader industry trends. By converting treasury holdings to Bitcoin, the firm joins fintech enterprises adopting crypto reserves for long-term strategic positioning.