Connecting Excellence raises funds to support Bitcoin treasury
Connecting Excellence Group Plc has raised £600,000 through a share subscription at 1.50p per share, offering a slight premium over the previous day's closing price of 1.45p. The funding will be used for its Bitcoin treasury expansion, acquisition strategy, and hiring plans. Strategic investor Adam Back contributed one-third (£200,000) to this round by subscribing for 13,333,333 shares. The company is also pursuing the acquisition of a specialist recruitment business that holds approximately 8.216 Bitcoin. This deal remains conditional on legal and financial due diligence as well as finalizing a definitive share purchase agreement. CEO Scott Ellam noted growing institutional interest in Connecting Excellence's model, which combines acquiring profitable owner-managed businesses with maintaining a Bitcoin treasury. The fundraising reflects the company’s strategy to leverage both traditional recruitment growth opportunities and cryptocurrency assets while attracting broader market acceptance.
Topics: Bitcoin recruitment business acquisition share subscription