Coinsilium jumps 91% Forza ups Bitcoin holding with latest transactions
Last updated: 10:24 16 Jun 2025 EDT, First published: 04:24 16 Jun 2025 EDT
Coinsilium Group Limited (AQSE:COIN, OTCQB:CINGF) shares rocketed 91% on Monday after it updated on its Bitcoin treasury venture, Forza.
The Forza vehicle has acquired 6.5577 Bitcoin at an average price of £77,770.36 per coin, totalling £510,000.
Forza’s treasury now comprises 25.2392 Bitcoins, valued at £1.96 million.
Launched this spring, Forza is, according to Coinsilium chair Malcolm Pallé, intended to be positioned as ‘a treasury vehicle that adheres to the standards of institutional allocators, while never losing sight of the early conviction and support of retail investors’.
“Retail investors have been proven to be the smartest players in the room during this cycle, and Forza! gives them a rare opportunity to lead before the institutions follow,” Pallé said in May as Forza made its first Bitcoin purchases.
“We are developing Forza! to deliver a scalable and resilient Bitcoin treasury proposition. The initial 15 Bitcoin allocation marks the beginning of a deliberate and sustained accumulation strategy, and we intend to grow this aggressively,” Coinsilium chief executive Eddy Travia said at the same time.
In the weeks since then, 22 May, the number of Bitcoins held by Forza increased from 15 to 25.
The stock was up 10.85p at 22.80p.
