Blue Star Capital (AIM:BLU), an AIM-listed investment company focused on digital assets and esports, posted a pre-tax loss of £576,576 for the first half ended 31 March, compared with a loss of £107,630 in the same period a year earlier.
The widened loss stemmed almost entirely from the partial repayment and conversion of a loan Blue Star had extended to SatoshiPay, its principal investee, with all other investment valuations held flat from the September 2025 year-end, aside from exchange-rate movements.
Cash at the period end stood at £79,576, up from £30,209 at 31 March 2025, bolstered by a £250,000 placing completed in June to fund working capital and ongoing support for investee companies.
SatoshiPay remained the central focus, continuing to build Vortex, a decentralised exchange platform that bridges stablecoins with local fiat currencies across corridors including Brazil and Latin America.
Post period, SatoshiPay disclosed a software exploitation affecting Hyperbridge, to which it had a $250,000 exposure, though the company said the incident did not affect Vortex or Pendulum operationally.
Management said it expects transaction volumes to recover from their current lower base during the second half of 2026 if partner integrations and corridor expansion proceed as planned, targeting a fully integrated money transfer offering within six to nine months.
