CoinDesk Analyst Advises UK Crypto Firm to Set Up Bitcoin Treasury

U.K.-based Coinsilium Group (COIN:AQSE), which became the archetypal blockchain steadfast to IPO successful 2015, has announced a £1.25 cardinal rise arsenic it looks to found its bitcoin BTC treasury initiative.

The rise came alongside a grounds precocious successful trading measurement of Coinsilium Group shares, with 14 cardinal shares changing hands connected Friday. Shares are presently trading astatine £0.04, having risen by 24% implicit the past 24 hours.

The institution is advised by CoinDesk expert James Van Straten, who told CoinDesk that it was "great to spot grounds trading volumes arsenic Coinsilium announces a bitcoin treasury."

He added: "I stay focused connected helping amended the UK marketplace connected bitcoin and helping the UK go a person successful this space."

The determination to acceptable up a bitcoin treasury follows successful the footsteps of respective different companies including Strategy (formerly MicroStrategy) and Metaplanet, with the U.S. Government besides outlining plans to stockpile BTC successful March.

Disclaimer: James Van Straten is simply a CoinDesk worker that owns Coinsilium Group and MSTR shares.