Small company bitcoin treasuries

Last checked 6 November 2026. Holdings change, sometimes quickly. Each figure is what the company itself published on the date shown, not a live number. Being listed here is not an endorsement of any company and is not investment advice.

Why small companies publish this

Listed companies must tell the market about information that could matter to investors, so a decision to hold bitcoin in the treasury is usually announced through the exchange news service or a securities filing. Many small companies also publish each purchase and a running total, so that shareholders, lenders and auditors can see exactly what is held. Annual reports then confirm the position at the balance sheet date.

For directors at other companies, these disclosures are a public record of how peers describe their policy, their custody and the amounts involved. They are useful as examples of disclosure, not as a guide to what any company should do.

What counts as small here

A company is included only if its turnover (revenue) in its latest published accounts was under 50 million euros, about 43 million pounds. That is the turnover ceiling in the European Commission definition of a small or medium sized enterprise. This is a turnover test only: it does not look at headcount, balance sheet size or the value of any bitcoin held. Bitcoin miners are left out, because bitcoin is their product rather than a treasury holding.

Source: European Commission: SME definition: staff headcount, turnover and balance sheet ceilings.

How entries were checked

Every entry links to the company's own exchange announcement, regulatory filing, annual report or official press release. Tracker websites were used only to find names. If a fact could not be confirmed from a primary source, the company was left out. Companies that announced a bitcoin policy but had not disclosed an actual holding were also left out.

The list

Listed alphabetically. Amounts are shown exactly as the company stated them, with the date of that figure.

Since sold or changed

Some small companies that disclosed bitcoin holdings have since sold them or withdrawn their policy. They are not in the table. This is a reminder that a disclosure describes one moment, and that a treasury policy can be reversed by the board at any time.

Going deeper: case notes

For seven of these companies, our case notes from real filings set out what their own reports say about the accounting model, custody, funding, losses and risks, each linked to the source. They are factual summaries, not endorsements.

Read next

• Case notes from real filings: accounting, custody and funding at seven companies, sourced.
• Case studies (fictional): how a small company might set a policy, step by step.
• Treasury policy template: a starting point for the board's written policy.
• Company bitcoin multisig: how a multisig setup spreads keys across people and places.

Sources

Primary sources only. Each link was checked on 29 October 2026. Rules change, so confirm the current version with your adviser.

1. aifinyo AGNewsroom, 21 October 2025: Germany's first bitcoin treasury company
2. aifinyo AGPress release, 18 November 2025: total holdings 30.9 BTC
3. B HODL (Aquis RNS)Bitcoin Purchase, 24 September 2025: first purchase, 100 BTC
4. B HODL (RNS)Audited final results for the year ended 30 June 2026: 167.487 BTC at 27 October 2026
5. Coinsilium Group (Aquis announcement)Forza! Bitcoin Treasury Update, 29 May 2025: 10.0021 BTC
6. Coinsilium Group (FCA National Storage Mechanism)Annual report for the year ended 31 December 2025: 182 BTC held
7. Connecting Excellence Group (Aquis RNS)Bitcoin Acquisition, 12 December 2025: total 16.65 BTC
8. Connecting Excellence Group (Aquis RNS)Completion of James Gray Recruitment acquisition, 5 October 2026: 81.157 BTC
9. H100 Group (press release)First bitcoin purchase, 22 May 2025: 4.39 BTC
10. H100 Group (press release)Completed acquisition, 10 August 2026: 3,506.4 BTC
11. LQwD (press release)Acquisition of bitcoins, 15 June 2021: about 60 BTC
12. LQwD Technologies (CSA SEDAR+ notice mirror)Unaudited interim FS to 31 August 2026: ending balance 264.77 BTC (CSA SEDAR+ notice record 2537729, Newsfile/Futunn persist attachment)
13. Matador Technologies (press release)Completion of bitcoin purchase, 13 January 2025: about 29 BTC
14. Matador Technologies (press release)Corporate update, 2 October 2026: about 168 BTC
15. Nocera (SEC Form 8-K)Form 8-K dated 27 January 2026: about 11 BTC bought on 25 January 2026
16. Nocera (SEC Form 10-Q)Quarterly report for the period ended 30 June 2026: about 23.53 BTC
17. The Smarter Web Company (Aquis RNS)Bitcoin Treasury, 28 April 2025: first purchase, 2.30 BTC
18. The Smarter Web Company (RNS)Bitcoin Purchase, 23 October 2026: total holdings 2,850 BTC
19. Vanadi Coffee (BME Growth filing)First acquisition of bitcoins, May 2025: 5 BTC
20. Vanadi Coffee (BME Growth filing)Other relevant information, 30 June 2026: 223 BTC in total
21. LQwD Technologies (press release)Bitcoin treasury update, 12 May 2026: about 267 BTC
22. European CommissionSME definition: staff headcount, turnover and balance sheet ceilings