Connecting Excellence Group Plc, the executive recruitment firm that has adopted an innovative Bitcoin treasury strategy, has announced a remarkable milestone with a record monthly net fee income of £250,000 for January 2026. This achievement follows the company’s successful launch on the Aquis Stock Exchange in London in December.
Since its debut, the company has been actively expanding its Bitcoin holdings. It acquired an additional 2.06 BTC using proceeds from its initial public offering and free cash flow, thus increasing its total Bitcoin treasury to 52.42 BTC. This total includes 10 BTC designated under its 2026 Bitcoin-denominated convertible bond program.
In a strategic move to cater to a wider range of investors, Connecting Excellence Group also began trading on the OTCQB market in the United States in February 2026 under the ticker symbol XCELF. This wider access positions the company to attract international interest.
The firm’s core recruitment division, Spencer Riley, continues to focus on high-growth sectors such as engineering, logistics, life sciences, automation, and technology. Alongside its recruitment efforts, the board is actively exploring potential strategic acquisitions within the executive recruitment field.
Chief Executive Scott Ellam emphasized the company’s dual-business model, which merges recruitment growth with a disciplined approach to Bitcoin accumulation. This strategy is designed to foster a self-reinforcing cycle aimed at delivering sustainable, long-term growth.
For the period covering its incorporation on May 14, 2025, to December 31, 2025, the group reported a net fee income of £1.21 million. Notably, the fee income for the half-year interval ending in December grew by 20.3% to £890,000, largely driven by a 12.7% increase in the average fee per placement.
At the end of the reporting period, the group held cash reserves amounting to £1.4 million and Bitcoin valued at £2.62 million. However, it also reported an EBITDA loss of £54,000 and an operating loss of £59,000 for the same period, factors influenced by an exceptional charge of £806,800 linked to IPO-related expenses.
