R8 Capital Investments PLC

R8 Capital Investments PLC (LSE: MODE.L) emerged as a notable player in the United Kingdom’s fintech landscape, operating as a public company with a focus on digital assets and innovative financial solutions. Formerly known as Mode Global Holdings, the company aimed to bridge traditional finance with the rapidly evolving world of Bitcoin and digital currencies. Through its flagship Mode app, R8 Capital offered users a seamless way to buy, hold, and spend Bitcoin, positioning itself at the intersection of mobile banking and cryptocurrency investment.

The company’s Bitcoin strategy was ambitious: it sought to integrate Bitcoin into everyday financial services, making it accessible to both retail and institutional clients. This approach reflected a broader investment thesis that Bitcoin could serve as both a treasury asset and a core feature of next-generation financial products. By holding Bitcoin on its balance sheet and enabling customer access, R8 Capital signaled its belief in Bitcoin’s long-term value proposition and its potential to reshape the financial sector.

Within the UK market, R8 Capital Investments PLC stood out as one of the few publicly listed companies directly engaging with Bitcoin. Its efforts to combine digital asset custody, payments, and investment services under one roof garnered attention from both investors and industry observers. However, the company’s journey with Bitcoin was marked by significant developments, particularly in the wake of shifting market conditions and regulatory challenges.

Recent Developments

• September 14, 2022: R8 Capital added 84.8962 BTC to its treasury, reinforcing its commitment to Bitcoin as a strategic asset.
• December 31, 2022: The company removed 84.8962 BTC from its holdings. This move coincided with the shutdown of the Mode app and the cessation of trading activities in January 2023. Prior to closing, R8 Capital had liquidated its Bitcoin treasury, marking a significant shift in its digital asset strategy. This development was confirmed by both a news release on FinTech Futures and commentary on Twitter/X.
• No recent Bitcoin holdings: As of April 2025, there is no public evidence that R8 Capital Investments PLC holds any Bitcoin in its treasury or has resumed digital asset operations. The company’s exit from the Bitcoin market reflects broader industry trends and the challenges faced by fintech firms navigating regulatory and operational hurdles.

R8 Capital’s experience highlights both the opportunities and complexities of integrating Bitcoin into traditional financial services. While its initial foray into Bitcoin treasury management was bold, the subsequent withdrawal underscores the importance of adaptability in the fast-changing digital asset landscape.