With £6M Raise and a New CEO, UK’s Vaultz Capital to Begin Bitcoin Accumulation

U.K.-based digital asset firm Vaultz Capital (AQSE: V3TC) announced it has raised over £6 million to launch an aggressive Bitcoin (BTC) acquisition strategy for its corporate treasury. The company has also appointed new leadership to spearhead the initiative, signaling it following Saylor’s “Strategy playbook.”

According to the August 1 announcement, Vaultz Capital confirmed it raised £4.275 million through a subscription led by Aura Digital and an additional £2 million via an oversubscribed placing. The company stated that a significant portion of these funds, approximately £2.6 million, is allocated for purchasing Bitcoin.

To lead this new direction, Vaultz has Erik Benz as its new Chief Executive Officer and established a dedicated Bitcoin Advisory Board, which includes Mark Taverner and Hans Henrik Hoffmeyer.

“We have raised over £6 million through a £4.275 million subscription led by Aura Digital a group headed by David Craven and a £2 million oversubscribed placing. We welcome Erik Benz as CEO and launch our Bitcoin Advisory Board consisting of Mark Taverner and Hans Henrik Hoffmeyer,” Vaultz Capital .

Vaultz Capital has followed the footsteps of Strategy (NASDAQ: MSTR), which has influenced more than 280 global corporations in BTC acquisition according to . Earlier this week, Strategy closed a $2.52 billion IPO for STRC, thus purchasing 21,021 Bitcoins, which increased its holdings to 628,791.

The aggressive Bitcoin accumulation by corporate investors has dramatically reduced the overall supply on centralized exchanges (CEX). In the last 7 days, the supply of Bitcoin on CEXes reduced by 42,106 coins to currently hover around 2.1 million BTCs, according to coinglass.

Bitcoin price dropped 3% in the past 24 hours to trade at about $114,955 on Friday, August 1, during the mid-London session. According to market data analysis from , the recent BTC drawdown was driven by the spot market selling amid less overheated derivatives.

The flagship coin is however in macro bullish territory, especially after recording the highest monthly close of above $115k in July. According to market data analysis from , Bitcoin price is well-positioned to rally exponentially in August akin to the 2017 crypto summer.