Why Every Company Will Hold Bitcoin | Freddie New

— B Hodl launches as a Bitcoin-first treasury company backed by Coin Corner, with an experienced team including Danny Knowles (Chief Bitcoin Officer), David Jacks (PayPal's first CFO as chair), and Alan Farrington (Bailey Gifford director).

— The company's core business model generates revenue by operating a top-100 Lightning node, charging routing fees of approximately 2–2.5%, while acquiring and deploying Bitcoin aggressively.

— B Hodl is raising capital through equity (no leverage initially) and plans to retain four years of operating expenses in working capital to avoid forced selling in bear markets.

— Treasury companies face collapse risk during downturns if burdened by debt; B Hodl avoids this through conservative financial structuring and team experience weathering multiple bear markets.

— Freddie New remains active in UK Bitcoin policy work, targeting regulators and Parliament to improve legislation and differentiate Bitcoin from broader crypto regulation.

— Eventually all companies will hold Bitcoin on balance sheets; B Hodl positions itself as Bitcoin infrastructure provider, not just a holdings play, differentiating from zombie companies seeking a lifeline.

— B Hodl's differentiation lies in being a day-one Bitcoin business with infrastructure revenue (Lightning node operation), not a struggling company pivoting to Bitcoin; verify the team's bear-market experience and absence of debt before committing capital.

— Four-year working capital runway eliminates forced-selling risk; scrutinize whether other treasury companies hold sufficient cash reserves to survive a 50–80% Bitcoin price decline without triggering debt refinancing issues.

— Regulatory clarity in the UK remains fragmented; Bitcoin infrastructure plays with direct policy access (Freddie's parliamentary connections) may benefit from future legislative changes that distinguish Bitcoin from broader crypto, improving long-term valuations and adoption.