Blue Star Capital ( (GB:BLU) ) has issued an announcement.
Blue Star Capital plc reported a pre-tax loss of £4.49 million for the year ending September 2024, primarily due to the write-down of its investment in SatoshiPay. Despite this, the company remains optimistic about SatoshiPay’s Vortex project, which aims to facilitate cost-effective stablecoin-to-fiat currency exchanges. The company participated in a €400,000 SAFE funding round for SatoshiPay to maintain its 27.9% shareholding. Blue Star also noted progress in its esports investments, which are expected to become cashflow positive in 2025. Operating expenses were reduced by 24%, and the company raised £150,000 post-year-end to support working capital and further investment in SatoshiPay.
More about Blue Star Capital
Blue Star Capital plc is an investing company focused on new technologies, particularly in blockchain, esports, and payments. Its investments include SatoshiPay Limited, known for innovative payment solutions, Dynasty Media & Gaming with a comprehensive gaming ecosystem, Paidia, a female-focused gaming platform, and Sthaler Limited, which offers identity and payment technology using biometric identification.
YTD Price Performance: 114.29%
Average Trading Volume: 186,848
Technical Sentiment Signal: Buy
Current Market Cap: £2.53M
See more insights into BLU stock on TipRanks’ Stock Analysis page.