UK-based Coinsilium Group, which was the first blockchain firm to go public in 2015, has raised £1.25 million to begin its Bitcoin treasury initiative. This funding coincides with a peak in trading volume for Coinsilium, recording 14 million shares traded on Friday. Currently, shares are priced at £0.04, reflecting a 24% increase in the past 24 hours.

The initiative has the support of CoinDesk analyst James Van Straten, who remarked that it is “great to see record trading volumes as Coinsilium announces a bitcoin treasury.” He also emphasized his commitment to educating the UK market on Bitcoin and positioning the country as a leader in this sector.

This move to establish a bitcoin treasury follows similar actions by other companies such as Strategy (formerly MicroStrategy) and Metaplanet, and aligns with the U.S. Government’s plans announced in March for a strategic stockpile of Bitcoin.