Blue Star Capital (LSE:BLU) reported a substantially reduced pre-tax loss of £665,606 for the year ended 30 September 2025, compared with £4.49 million in the previous year, as investment fair value declines moderated and net assets more than tripled to £2.87 million. The company strengthened its cash position to £313,236 following a share consolidation and £1.58 million raised through net equity financing, although administrative expenses increased due to higher professional advisory costs and share-based compensation.
During the year, the group increased its exposure to its key portfolio company, SatoshiPay, raising its holding to approximately 58% on a diluted basis. Blue Star also provided a £1 million secured loan to support SatoshiPay’s treasury operations and digital asset strategy. Management highlighted confidence in SatoshiPay’s Vortex platform — a fiat-to-crypto infrastructure business gaining traction in Brazil — as a central driver of long-term value, while maintaining conservative valuations for smaller gaming-related investments amid uncertain exit markets.
More about Blue Star Capital
Blue Star Capital is a London-listed investment company focused on emerging technologies, particularly blockchain and digital payments. Its portfolio is anchored by SatoshiPay, a blockchain-based payments provider, alongside investments including Dynasty Media & Gaming’s B2B gaming platform, female-focused gaming venture Paidia, and identity and payments company Sthaler, which develops biometric finger-based transaction technology.
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