BITSTRAT HLDGS (06113) responds to high concentration of equity, stating that the company is able to comply with the public shareholding requirements.
Bit strategy (06113) issued an announcement. The company has noticed that the Securities and Futures Commission (SFC) has...
BITSTRAT HLDGS (06113) announces that the Securities and Futures Commission (SFC) has issued a notice on October 15, 2025 (SFC Notice). According to the SFC Notice, the SFC recently inquired about the shareholding distribution of the company. The inquiry results show that as of September 30, 2025, there were 16 shareholders collectively holding 72.71 million shares of the company, equivalent to 18.18% of the issued shares of the company. Including the shares held by two major shareholders of the company totaling 300 million shares (75.00% of the issued shares), the total equivalent of the issued shares of the company is 93.18%. Therefore, only 27.29 million shares (6.82% of the issued shares) are held by other shareholders.
As stated in the SFC Notice: (i) the closing price of the company's shares rose by 270% from 1.40 Hong Kong dollars on March 7, 2025, to 5.18 Hong Kong dollars on September 30, 2025. (ii) On October 14, 2025, the company's share price closed at 4.17 Hong Kong dollars, 198% higher than the closing price of 1.40 Hong Kong dollars on March 7, 2025.
The Board of Directors of the company hereby clarifies that the above information is excerpted from the SFC Notice, and the company has not independently verified such information. However, based on the latest notifications of beneficial interests submitted in accordance with Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), (a) Mr. Luo Zhuchun holds shares through Microhash International Pte. Ltd. and Core Vest Holdings Limited; (b) Dr. Bai Bo holds shares through Alpha Ladder Group Pte. Ltd. and Alpha Ladder Finance Pte. Ltd.; and (c) except for the information in the preceding paragraphs (i) and (ii).
Based on the information obtained and to the best of the knowledge of the directors after making all reasonable inquiries, the company confirms that as of September 30, 2025, and the date of this announcement, at least 25% of the issued shares of the company are held by the public, and the company is able to comply with the requirements of the public shareholding under the listing rules of the Stock Exchange.
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