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Excellence Group
Building the first public company designed to grow as a direct result of a Bitcoin strategy.
XCE combines executive recruitment, capital markets capability, and a Bitcoin-backed balance sheet to create long-term shareholder value.
Why XCE exists
Executive recruitment is a lucrative industry, but recruitment businesses often face the same challenges: attracting top talent, rewarding long-term performance, accessing growth capital, and planning successful exits.
XCE was born out of a frustration to overcome those problems. By combining a profitable recruitment platform with public market access, capital markets capability, and a disciplined Bitcoin treasury strategy, we are building a company designed to become stronger and more resilient as it grows
What makes XCE different from
other bitcoin treasury companies
Most Bitcoin treasury companies start with buying Bitcoin and look for an operating business. Most recruitment firms focus solely on recruitment.
XCE combines executive recruitment, Bitcoin, and capital markets capability into a single growth model where each part of the business strengthens the others.
High-performing recruiters drive revenue growth. Revenue growth strengthens the balance sheet. And a stronger balance sheet supports capital markets activity and future growth. As the platform expands, it becomes increasingly attractive to recruiters, recruitment business owners, investors, and acquisition opportunities.
This creates a self-reinforcing flywheel designed to compound value over time.
The XCE investment case
Built by operators with recruitment, Bitcoin, and capital markets experience
XCE combines profitable recruitment businesses, an integrated Bitcoin treasury strategy, and public-market infrastructure inside one listed operating group.
The recruitment businesses generate revenue, attract ambitious talent, and support treasury expansion over time. A stronger balance sheet improves XCE’s ability to attract recruiters, raise capital, pursue acquisitions, and support long-term growth.
Together, both sides of the model are designed to reinforce one another and strengthen long-term shareholder value creation.
Our specialist recruitment business
At Spencer Riley, our executive search consultants specialise in helping businesses
hire top professionals in their market. With deep industry knowledge and a wide
network of key decision-makers, we navigate complex hiring landscapes to find the
perfect fit.
A group built for the long term
[2–3 paragraphs: XCE’s founding rationale, the Aquis listing decision, the strategic logic of
combining recruitment with Bitcoin treasury, and what differentiates the group from
conventional recruitment businesses.]
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Listed on Aquis
Transparency, governance, and
accountability as standard.
Bitcoin Treasury
A structured BTC accumulation strategy alongside operations.
Specialist Recruitment
Focused sector expertise through
Spencer Riley.
Growth-Ready Structure
Built to add brands and businesses to
the group.
Our journey so far
2014
Spencer Riley founded
2020
Long-term Bitcoin conviction established
2021
Bitcoin treasury strategy initiated
2025
XCE listed on AQSE
Future
Being the flagbearer showcasing how Bitcoin can strengthen real operating companies.
2014 - 2025:
Founded
Founded and built Spencer Riley – an executive search firm
2014 - 2025:
Founded
Founded and built Spencer Riley – an executive search firm
2014 - 2025:
Founded
Founded and built Spencer Riley – an executive search firm
Download the XCE Corporate Presentation
Our latest investor presentation covers the full investment case: BTC treasury strategy,
BTC per share data, governance overview, and the Spencer Riley business.
