Tap Global Group announced it has bought another tranche of Bitcoin, Ethereum and Solana for its treasury reserve, doubling its holdings of Bitcoin and Solana and taking total deployment under its Digital Asset Income Strategy (DAIS) to roughly £800,000.
The AIM-listed crypto-fintech bought 3 BTC, 10 ETH and 500 SOL on 29 October for a combined £235,523, spending an average of £60,131 per Bitcoin, £1,744.97 per Ethereum and £75.36 per Solana, each described as well below its respective all-time high.
The DAIS reserve now holds 6 BTC, 60 ETH and 1,000 SOL at a total cost of £565,188, alongside $312,868 of stablecoins costing £234,810, bringing total reserve cost to £799,998.
Tap Global adopted DAIS to generate yield on a reserve of digital assets, funded from its existing cryptoassets, surplus operating cash and occasional equity issuances, with any material expansion requiring shareholder approval.
The reserve is deployed through Tap Earn, the Group's proprietary yield programme that has delivered an annualised gross yield of approximately 7% on committed capital to date and has grown customer assets under management past $9m since its May launch.
Tuesday's purchases follow the reserve's first Bitcoin buy on 29 September, its first Solana purchase on 1 October and its first Ethereum purchase on 13 October, and the company said about £800,000 of the £1m raised in September has now been deployed into the reserve and is actively earning yield.
"When prices pulled back, we did what the DAIS is built to do: bought again," said Arsen Torosian, Tap Global's chief executive, adding that "every coin in DAIS is put to work through Tap Earn, so we never have to sell the reserve to fund the business."
Read more about Tap Global
- 13/10/26Tap Global adds Ethereum to digital asset income reserve
- 01/10/26Tap Global buys first Solana for yield reserve
- 29/09/26Tap Global buys first Bitcoin for yield-earning reserve
The company separately addressed recent developments involving Binance, including a reported major security breach, and said Tap has no exposure to Binance, with its crypto assets held under established custody arrangements and risk controls.
Tap Global said DAIS yield will first be used to cover operating costs, with the aim of eventually freeing fintech revenue from trading fees, card interchange, FX and subscriptions for reinvestment in growth, and has committed to monthly RNS updates on the reserve's holdings, flows and yield.