Blue Star Capital plc (AIM: BLU) has announced it has completed a £1.25 million fundraising to support a major push into Bitcoin and crypto markets through its portfolio company SatoshiPay Ltd, marking a strategic move to capitalize on growing institutional interest in Bitcoin treasuries.
The investment company, which focuses on blockchain, esports, and payments, raised £1.15 million through a placing, and an additional £100,000 from an oversubscribed Broker Option, with all new shares issued at £0.18 each.
“This Fundraise allows Blue Star shareholders to participate in the increased global interest in businesses operating in crypto related fields and associated treasury positions,” stated the Chairman of the Company Anthony Fabrizi. “In particular, SatoshiPay’s long standing experience in, and the use of, crypto treasury management in their core business combined with the added support this will provide to its Vortex project provides Blue Star shareholders with two benefits and places both companies in a strong position to grow.”
£1 million of the proceeds will be deployed as a secured loan to SatoshiPay, aimed specifically at expanding its Bitcoin and other crypto treasuries. The loan will be backed by the value of the digital assets acquired, giving Blue Star indirect exposure to potential Bitcoin gains while retaining downside protection through collateral.
“The board of SatoshiPay advises that the enlarged treasury function will strengthen Vortex’s core offering through aspects such as supporting stable swap pricing through deepening liquidity and deploying assets in secured DeFi protocols, which can also be used in pools on Pendulum, the DeFi blockchain that serves as Vortex’s foreign exchange backend,” said the announcement. .
By positioning Bitcoin as a core treasury reserve asset, Vortex aims to strengthen its presence in the crypto space. This shows a growing institutional shift toward viewing Bitcoin as a strategic financial instrument capable of enhancing both capital efficiency and long term growth.