A London-listed company is asking shareholders to approve two resolutions that would authorize the sale of its entire Bitcoin treasury and remove the firm from public trading. Each resolution requires at least 75% of votes cast to pass, and if either fails, both the asset sale and the delisting will not proceed. The move highlights growing strain on companies that adopted Bitcoin treasury strategies, a trend that gained momentum among firms seeking exposure to the cryptocurrency on their balance sheets. The proposal signals that treasury-related pressures are now extending beyond US-based firms into UK markets. The outcome of the vote will determine whether the company exits both its Bitcoin position and its listing, marking a notable reversal for a business that previously embraced digital-asset holdings as part of its corporate strategy.


Read the original article →

— Sponsored —

Trade smarter on BYDFI

Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.

Claim your bonus →