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- The Bitcoin Treasury 2.0 Blueprint Is Here
The Bitcoin Treasury 2.0 Blueprint Is Here
A new way to own BTC + operating cash flow đź‘€

Today’s issue is brought to you by XCE, a next-generation UK Bitcoin company.
The first wave of Bitcoin treasury companies proved you can turn a balance sheet into a BTC accumulator. Now, it’s time for the 2.0 model: a company combining a Bitcoin treasury strategy with an operating business that uses a global platform, human capital, recurring revenues, and performance-linked equity incentives to generate increased cash flows and systematically convert surplus into Bitcoin.
Connecting Excellence Group Plc (“XCE”) is preparing to list its shares on the Aquis Stock Exchange Growth Market in the UK next week, alongside a retail offer via the Winterflood Retail Access Platform (WRAP) for eligible UK investors.
XCE is an executive recruitment group that combines a profitable recruitment business with a Bitcoin treasury strategy, and its market entrance is worthy of note.
The XCE opportunity:
XCE turns over a decade of executive recruitment experience and four years of Bitcoin accumulation into a public Bitcoin‑powered growth engine, using a proven operating business to drive Bitcoin treasury accumulation.
XCE works with globally recognizable brands across engineering, logistics, life sciences, professional services and more, using those deep client relationships to place senior talent and generate growing, diversified revenues.
XCE’s Bitcoin strategy leverages that position to attract high‑performing, revenue‑generating recruiters who want upside from both operating performance and Bitcoin exposure.
Why it matters:
BTCT 2.0: XCE combines a profitable, cash‑generative recruitment platform (Spencer Riley) with a Bitcoin treasury strategy, aiming to compound value by using operating cash flows to buy more Bitcoin through cycles.
Talent hub: The group is building the go‑to executive recruitment hub for Bitcoin businesses and traditional firms entering the space, with early visibility on mandates from funds, corporates, and other Bitcoin‑aligned institutions.​​
Specialist experience and governance: A specialist board and advisory team including Sam Roberts, Vijay Selvam, Richard Byworth with deep Bitcoin and capital‑markets experience is focused on structuring the treasury to the benefit of shareholders.
Equity “escape valve”: By sitting at the intersection of global executive search and accelerating corporate Bitcoin adoption, XCE aims to become a key escape valve for capital that must remain in equities but wants exposure to businesses building on a Bitcoin standard.​
Cycle‑resilient engine: As a non‑cyclical business relative to Bitcoin’s price, XCE’s financial performance has shown low correlation to BTC; during the 2021–2023 crypto winter, its flagship company, Spencer Riley, grew revenues significantly, enabling furtherBitcoin accumulation at lower prices.​
Who is eligible?
The WRAP retail offer and listing are structured under UK rules and are intended only for eligible investors accessing the offer through participating UK investment platforms and intermediaries.
Join the community:
Onwards,
The BitcoinTreasuries.net Team
This email is provided for general information only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States or in any jurisdiction where such offer or solicitation would be unlawful. Any decision to invest must be made on the basis of the information published by XCE and through your own regulated broker or wealth manager.
Investing in shares involves risk. The value of any investment and income from it can go down as well as up, and you may get back less than you invest. XCE intends to hold a material portion of its reserves in Bitcoin, which is considered high risk and can be volatile; this may significantly affect the company’s financial position and share price.
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