Companys – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 12 Jun 2025 10:54:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.9 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Companys – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitcoin’s High Euphoria Spurs UK Company’s $5 Million Buy https://earlybirdsinvest.com/bitcoins-high-euphoria-spurs-uk-companys-5-million-buy/ https://earlybirdsinvest.com/bitcoins-high-euphoria-spurs-uk-companys-5-million-buy/#respond Thu, 12 Jun 2025 10:54:48 +0000 https://earlybirdsinvest.com/bitcoins-high-euphoria-spurs-uk-companys-5-million-buy/

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A handful of UK-listed companies have taken fresh steps to tie their balance sheets more closely to Bitcoin. Moves range from making new purchases to routing gold revenues and even opening retail crypto trading on the London Stock Exchange. The developments show growing corporate interest in holding and trading digital assets alongside more traditional operations.

Smarter Web Boosts Bitcoin Stash

According to company filings, The Smarter Web Company added 45.32 BTC this month, spending $4.73 million. Its total hoard now stands at 168 BTC. That marks an over 55% jump from its previous buy. The firm first rolled out its “10 Year Plan” in April as a way to build up a long-term treasury.

Source: Alternative.me

Based on reports, it has invested nearly $18 million so far, buying Bitcoin at an average of $105,779 each. Buying when the market’s Greed index hit 72 shows they’re willing to hold through ups and downs.

Mining Firm Converts Gold Sales

Bluebird Mining Ventures Ltd, known for its gold operations, said it will funnel future revenue directly into Bitcoin. The miner aims to become the first UK-listed gold company with a fully BTC-focused treasury strategy. It made the decision after Bitcoin climbed to a record high of $111,965 in May.

Management sees this as a store of value alongside its mining output. The plan calls for regular conversions as income grows, betting that Bitcoin gains will outpace traditional reserves.

BTC is now trading at $110,223. Chart: TradingView

Trading Platform Opens Crypto Doors

IG Group, a long-standing trading firm on the London Stock Exchange, rolled out a new service this week. Retail clients can now buy and sell Bitcoin, Ethereum, and Ripple straight through IG’s regulated platform.

Previously, investors had to use ETFs or third-party wallets. The change means IG can tap into rising demand for direct crypto exposure. It also positions the firm to earn new fee revenue as more traders flock to its site.

Treasury Trend Spreads Among Firms

Based on market observers, several other British companies are weighing similar moves. Capital-heavy businesses are talking about setting aside funds for Bitcoin. Some view it as a buffer against inflation. Others simply don’t want to miss out if prices climb further.

While corporate treasurers were once cautious, the steady drumbeat of high crypto returns has pushed more boards to at least discuss pilot programs.

Taken together, these actions suggest that digital assets are no longer fringe experiments for big companies. They’re becoming part of mainstream treasury playbooks.

Featured image from Pexels, chart from TradingView

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Healthcare Tech Company’s Stock Plummets After the Firm Announces New XRP Treasury Reserve and Payments Initiative https://earlybirdsinvest.com/healthcare-tech-companys-stock-plummets-after-the-firm-announces-new-xrp-treasury-reserve-and-payments-initiative/ https://earlybirdsinvest.com/healthcare-tech-companys-stock-plummets-after-the-firm-announces-new-xrp-treasury-reserve-and-payments-initiative/#respond Sat, 10 May 2025 16:23:54 +0000 https://earlybirdsinvest.com/healthcare-tech-companys-stock-plummets-after-the-firm-announces-new-xrp-treasury-reserve-and-payments-initiative/

The stock of a healthcare technology company tanked after it announced a new initiative to use XRP in its treasury reserve and for payments.

Wellgistics Health (WGRX), which specializes in pharmaceutical distribution and healthcare infrastructure, notes in a new press release that it secured a $50 million credit facility to support the use of XRP in real-time settlement as well as a treasury reserve asset.

Wellgistics says it is developing a platform that enables instant payments between pharmacies, suppliers and manufacturers. The platform will also allow smart rebates while introducing XRP-backed credit lines for independent pharmacies.

Says Brian Norton, the firm’s chief executive,

“Our blockchain-enabled payment system and ledger is just the next logical step in healthcare evolution, allowing us to hardwire speed, liquidity, and transparency into a system that’s long been starved of all three. I believe that the future winners in healthcare won’t be the companies with the biggest buildings… they’ll be those with the fastest rails, cleanest data, and most efficient platforms. We’re betting on infrastructure… not inertia.”

It doesn’t appear that shareholders share Norton’s confidence, however. WGRX is down more than 9.5% in the past day and nearly 40% in the past five days.

XRP, by contrast, is up more than 2.5% in the past day and more than 7% in the past week and is trading for $2.35 at time of writing.

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