17 September 2025
GSTechnologies Limited
("GST", the "Company" or the "Group")
Bitcoin Holding
GSTechnologies Limited (LSE: GST), the fintech company, is pleased to provide an update on the Company's Bitcoin holding following the formal adoption of a Bitcoin treasury reserve policy (the "Treasury Policy"), as announced on 25 June 2025.
The Company currently holds approximately 8.8 Bitcoin in its treasury, acquired at an average purchase price of US$113,592.94 per Bitcoin, for an aggregate cost of US$999,617.90. The total value of the Company's Bitcoin holding is now approximately US$1.02 million.
As stated in the Company's results for the year ended 31 March 2025, announced on 12 September 2025, the Company has allocated an initial US$2 million for the purchase of Bitcoin. Further Bitcoin will be added to the Company's treasury at strategic intervals, and in a phased approach, when market pricing provides appropriate opportunities.
Tone Goh, Chairman of GST commented :
"The development of GST's Bake Cryptocurrency Platform, acquired earlier this year, is progressing in line with the Board's expectations. Allocating a portion of the Company's cash reserves to Bitcoin aligns with our operational focus and the services we provide within the cryptocurrency ecosystem. We firmly believe in Bitcoin's role as a digital store of value, its alignment with GST's long-term financial objectives and we have every intention of increasing our Bitcoin holding in due course."
Enquiries:
The Company
Tone Goh, Executive Chairman
+65 6444 2988
Financial Adviser
First Sentinel Corporate Finance
+44 (0)20 3855 5551
Brian Stockbridge / Paul Shackleton
Broker
CMC Markets
+44 (0)20 3003 8632
Douglas Crippen
Financial PR & Investor Relations
IFC Advisory Limited
Tim Metcalfe / Graham Herring / Florence Staton
+44 20 (0) 3934 6630
For more information please see: https://gstechnologies.co.uk/ |