B HODL PLC - Proof of Reserves Disclosure

07 October 2025

B HODL Plc

("B HODL" or "The Company")

Proof of Reserves Disclosure

B HODL Plc (AQUIS: HODL), the first British company founded for Bitcoin accumulation and revenue generation from the Bitcoin in its treasury, is pleased to publish its inaugural Proof of Reserves disclosure on the Company's website (https://bhodl.com/investors/proof-of-reserves).

As at 07 October 2025 , the Company's Bitcoin treasury comprised 128 Bitcoin (BTC), with an aggregate cost basis of £10,784,858. This Proof of Reserves disclosure reflects B HODL's ongoing commitment to transparency, strong governance, and accountability regarding the Company's treasury position.

Future Proof of Reserves disclosures will be published on the Company's website and, where appropriate, via RNS.

B HODL is a company founded by Bitcoiners, for Bitcoiners. Guided by Bitcoin's open and transparent ethos, our team is committed to providing clear information about our Bitcoin custody and proof of reserves.

B HODL self-custodies the Bitcoin through a multi-signature, multi-jurisdictional, and multi-device setup, following industry best practices and supported by a team with over a decade of experience in Bitcoin custody. With Adam Back as shareholder and supporter, it was an obvious choice to make use of the incredible Blockstream Jade as one of our multiple devices.

You can verify our current Bitcoin holdings of 128 Bitcoin at the following address [https://blockstream.info/bc1q9sczj2hnke8et6f6724xtdylej07faqf7w9lzqs5t6pnrznf8v2qrv4yz0].

Please be aware Bitcoin may move from this address from time to time for the operational purposes of the business.

Freddie New, CEO of B HODL, commented:

"Proof of Reserves is about institutionalising trust in Bitcoin treasuries held by listed companies. We are committed to setting a high standard of transparency in how we report our Bitcoin holdings. Publishing proof of reserves, and following an industry-leading multisignature self custody protocol,  provides shareholders with direct assurance that our treasury is verifiable.

Danny Scott, Chief Bitcoin Officer, added:

"Proof of reserves is a popular principle in the Bitcoin space. By bringing this practice into the public markets, we aim to build trust with investors and demonstrate that B HODL is leading the way in combining traditional governance with Bitcoin-native accountability."

For further information, please contact:

About B HODL:

B HODL is the first UK-listed company founded for Bitcoin accumulation and revenue generation. The Company operates a treasury-led strategy, deploying its Bitcoin holdings to power the Lightning Network and generate sustainable revenues from routing fees and liquidity provision. With a world-class team and a Bitcoin-only focus, B HODL aims to become the leading British Bitcoin company, giving investors transparent exposure to the growth of Bitcoin as both a strategic asset and a global financial standard.

Important Notice

The Company intends to hold treasury reserves and surplus cash in Bitcoin. This is a type of cryptocurrency or cryptoassets. Whilst the Board of Directors of the Company considers holding cryptocurrencies to be in the best interests of the Company, the Board remains aware that the financial regulator in the UK (the Financial Conduct Authority or FCA) considers investment in cryptocurrencies to be high risk. At the outset, it is important to note that an investment in the Company is not an investment in cryptocurrencies, either directly or by proxy and shareholders will have no direct access to the Company's holdings. However, the Board of Directors consider cryptocurrencies to be an appropriate store of value and potential growth and therefore appropriate for the Company's reserves. Accordingly, the Company is and intends to continue to be materially exposed to cryptocurrencies. Such an approach is innovative, and the Board of Directors wish to be clear and transparent with prospective and actual investors in the Company on the Company's position in this regard.

The Company is neither authorised nor regulated by the FCA, and the purchase of certain cryptocurrencies are generally unregulated in the UK. As with most other investments, the value of cryptocurrencies can go down as well as up, and therefore the value of the Company's cryptocurrencies holdings can fluctuate. The Company may not be able to realise its cryptocurrencies holdings for the same as it paid to acquire them or even for the value the Company currently ascribes to its cryptocurrencies positions due to market movements. Neither the Company nor investors in the Company's shares are protected by the UK's Financial Ombudsman Service or the Financial Services Compensation Scheme.

Nevertheless, the Board has taken the decision to invest in cryptocurrencies, and in doing so is mindful of the special risks cryptocurrencies present to the Company's financial position. These risks include (but are not limited to): (i) the value of cryptocurrencies can be highly volatile, with value dropping as quickly as it can rise. Investors in cryptocurrencies must be prepared to lose all money invested in cryptocurrencies; (ii) the cryptocurrencies market is largely unregulated. There is a risk of losing money due to risks such as cyber-attacks, financial crime and counterparty failure; (iii) the Company may not be able to sell its cryptocurrencies at will. The ability to sell cryptocurrencies depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay; and (iv) cryptoassets are characterised in some quarters by high degrees of fraud, money laundering and financial crime. In addition, there is a perception in some quarters that cyber-attacks are prominent which can lead to theft of holdings or ransom demands. Prospective investors in the Company are encouraged to do your own research before investing.