Vinanz Acquires Bitcoin at $103K Each, Cites Currency Management Strategy
UK-based mining firm Vinanz has announced its first strategic Bitcoin purchase of 16.9 BTC for $1.748 million, as it begins shifting toward a Bitcoin-focused treasury model.
On May 19, 2025, UK-based public company Vinanz announced its first Bitcoin purchase under a new strategy to build a corporate digital reserve. According to an official press release, the company acquired 16.9 BTC for $1.748 million at an average price of $103,341 per coin, including fees.
The transaction represents the first step in Vinanz’s long-term plan to diversify its assets and strengthen its balance sheet by adopting Bitcoin as a treasury reserve asset.
Vinanz Limited is listed on the London Stock Exchange under the ticker BTC.L and trades on the U.S. OTCQB market under VINZF. The company focuses on Bitcoin mining, operating mining farms across Indiana, Iowa, Nebraska, and Texas in the U.S., as well as in Labrador, Canada.
The company’s current strategy follows a two-tiered approach to accumulating BTC:
- In-house mining.
- Targeted market purchases.
This model allows Vinanz to steadily grow its digital reserves while diversifying risk and smoothing the impact of market volatility.
Vinanz’s 16.9 BTC Purchase: Deal Details
To support its Bitcoin treasury strategy, Vinanz raised $4 million in bridge financing from an international investor. The company has received the first tranche of $2 million and used it to purchase 16.9 BTC.
Meanwhile, Vinanz plans to allocate the remaining funds toward upgrading its mining infrastructure in the U.S. and Canada. The upgrades will focus on boosting energy efficiency and increasing hashrate capacity.
Additionally, the company is considering a potential dual listing on Nasdaq, which would expand access to a broader U.S. investor base. According to company representatives, the goal is not only to strengthen its position in the digital asset space but to embed Bitcoin into its corporate structure as a core component of capital. As a result, the financing is intended to act as a catalyst for scalable growth and increased institutional confidence in the company’s model.
Vinanz’s Bitcoin Strategy: Chairman’s View
Vinanz Chairman David Lenigas emphasizes that Bitcoin plays a central role in the company’s corporate finance strategy. According to Lenigas, BTC is already being used for select operational and investment transactions, particularly in the context of its mining operations.
Moreover, he identified three core attributes that make Bitcoin a strong candidate for corporate reserves amid global economic uncertainty:
- Decentralization
- Fixed supply
- Transparency
In public remarks, Lenigas has referred to Bitcoin as “digital gold” and the “lifeblood” of Vinanz, stressing that the company doesn’t treat it as a speculative asset, but as a resilient foundation for a next-generation financial model.
Related: Unpacking MicroStrategy’s Bitcoin Strategy and Its Risks
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