Blue Star Capital (LSE:BLU) said its portfolio company SatoshiPay achieved a record US$10 million in monthly transaction volume in January 2026 on its Vortex fiat-to-crypto payments platform. The figure exceeded the platform’s entire cumulative volume recorded up to the end of 2025. Activity moderated in February and March, reflecting platform upgrades, compliance checks and a change in banking arrangements by a major client.
Alongside these developments, SatoshiPay is expanding its decentralised foreign exchange infrastructure. The company has launched a EURC–USDC decentralised exchange (DEX) on the Base blockchain and is integrating DEX aggregators to increase liquidity and usage. It is also developing a retail Vortex widget designed to route fiat payments directly into decentralised finance yield products. These initiatives are expected to support higher transaction volumes over time and strengthen SatoshiPay’s position in both institutional payments and decentralised trading markets.
Blue Star’s outlook remains constrained by weak financial fundamentals, including minimal or negative revenue, ongoing losses and continued negative operating and free cash flow, although the absence of debt provides some balance sheet stability. Technical indicators also point to caution, with the share price trading below key moving averages and a negative MACD signal. Valuation metrics offer limited support given the company’s negative P/E ratio and the lack of dividend yield data.
More about Blue Star Capital
Blue Star Capital is an AIM-listed investment company focused on emerging technologies, particularly in blockchain and payments. Its portfolio includes SatoshiPay, which develops fiat-to-crypto and decentralised finance infrastructure, as well as gaming-related investments such as Dynasty Media & Gaming and Paidia.
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