So, a new UK-listed company called B HODL just bought its first 100 Bitcoin, spending around $11.3 million. For context, that instantly put them in the top 100 public Bitcoin-holding companies. Not bad for a first move.
To put it in perspective, they’re still tiny compared to the big boys. Another UK firm, Smarter Web, holds over 2,500 BTC, and then there’s Michael Saylor’s MicroStrategy with a mind-blowing 639,000+ BTC (that’s $72 billion worth).
What I find interesting is B HODL’s strategy. They’re not just stacking Bitcoin for the sake of it, they plan to use it to power the Lightning Network, which helps make Bitcoin payments faster and cheaper. They want to earn fees by running these payment channels, kind of like being a toll operator on Bitcoin’s fast lane.
It’s early days, but this move shows how even new players are starting to treat Bitcoin as a strategic reserve, like digital gold that can also power real-world payment systems.
Although the amount is small, it is good to start, no matter what other companies, but one thing they like is that ordinary people will be able to use Bitcoin in daily transactions using the Lightning Network. This will increase the use of Bitcoin at all levels and people will be interested in learning about Bitcoin and the Lightning Network. B HOLD company is trying to increase the use of Bitcoin at the grassroots level in real life, but starting with 100 BTC funds first seems to me to be a solid foundation, which will increase people's credibility and acceptance of B HOLD.