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UK Recruiter Confirms First Bitcoin Client Payment, Targets 1,000 BTC Treasury

Connecting Excellence Group, a UK-listed recruitment firm, confirmed receiving its first client payment directly in Bitcoin for executive services, a milestone underscoring corporate crypto adoption. CEO Scott Ellam emphasized the transaction boosts Bitcoin-per-share without equity dilution, supporting a dual model of recruitment revenue and BTC accumulation. With each recruiter generating ~£200k revenue at ~50% margins, the firm eyes treasury targets of 100, 200, and 1,000 BTC via organic growth and acquisitions. This development signals rising demand for Bitcoin in business payments and could modestly lift investor sentiment toward BTC.

Category

Bitcoin

Sentiment

Bullish

Event

Milestone

Reading time

1 min