The UK’s newest Bitcoin-focused public company wasted no time putting capital to work.

Fresh off its debut on the Aquis Stock Exchange, B HODL (AQUIS: HODL) announced it acquired 100 Bitcoin worth $11.3 million, establishing itself as one of the first British firms to formally adopt a corporate Bitcoin treasury strategy.

The purchase, disclosed Wednesday, comes just a day after B HODL raised £15.3 million ($20.7 million) in its IPO to fund a long-term digital asset strategy.

With its inaugural buy, B HODL now holds 100 BTC at an average price of £83,872 ($113,227) per coin. That position places the company 98th on Bitcoin Treasuries’ global leaderboard of public firms…

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