IN BRIEF: Blue Star eyes Bitcoin investments as loss narrows
Blue Star Capital PLC - investing company focused on esports and blockchain - Pretax loss narrows to £107,630 in the six months to March 31 from £191,824 a year prior. No revenue as per a year ago but bottom line benefits from drop in administrative expenses to £64,739 from £109,578. In addition, the prior year is hurt by £82,605 adverse fair value movement in financial instruments. Cash position at March 31 is £30,209 versus £39,909 a year ago. Reports ‘encouraging progress since the start of 2025.’ As per announcement earlier in June, says closely monitoring investments directly related to companies connected with Bitcoin, including, exploring the possibility of initiating a Bitcoin treasury reserve and such related opportunities. This strategy, which the board believes fits within the company’s existing investing policy, would see the company complementing investments with long-term treasury reserve assets as their adoption becomes more common place, as seen particularly in the US. Stresses it is continuing to undertake the appropriate due diligence, legal and regulatory reviews necessary to ensure any activity undertaken in this area is compliant.
Current stock price: 19.36 pence, down 19% in London on Tuesday
12-month changed: more than trebled
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