Built by People.
Backed by Bitcoin.
ABOUT US
XCE is the UK’s first international executive recruitment group built on a Bitcoin standard.
We have scaled our own business using Bitcoin as a long-term strategy for growth, and now we’re using that foundation to reshape what recruitment can be.
By anchoring ourselves in Bitcoin, we are ready for tomorrow. In a world of inflation, short-termism, and broken incentives, we operate on a sound money foundation with conviction, clarity, and transparency – values that reflect the future we believe in and the talent we work with.
In 2021, founder Scott Ellam embedded a Bitcoin strategy into our group-related companies, committing to and accumulating Bitcoin as the company’s sole reserve asset.
This was not just financial foresight. It was a statement of intent: to build a business that proves Bitcoin can power real business performance, and to lead by example in showing others what adoption can achieve.
XCE is the evolution of that vision – connecting excellence with a recruitment platform designed for scale and strength. We connect exceptional people to the right opportunities while building long-term value for shareholders through operational performance and a Bitcoin-backed strategy.
Spencer Riley was founded to connect people with opportunity. XCE builds on that legacy as a smarter, stronger network grounded in sound money, designed to scale, and focused on the future.
Join our network today and experience Bitcoin-powered recruitment.
How we work:
Built on the proven executive recruitment expertise of Spencer Riley, XCE connects exceptional talent to the right opportunities and businesses to the teams they need to succeed.
We combine a decade of operational excellence with a forward-looking, Bitcoin-backed approach, ensuring every placement delivers real impact.
Our approach spans three core services: executive search, talent acquisition, and Bitcoin-focused recruitment.
XCE is international, placing senior executives throughout North America, Europe, UK and the Middle East. We serve a diverse client base, ranging from startups to global corporations, spanning industries such as logistics, life sciences, medical devices, construction and engineering, environmental services and industrial services, facilities management, safety and defence, sports nutrition, gaming, new technology, B2B services and professional services.
Through our BTC executive recruitment division, XCE is bridging the gap between traditional senior executives and the growing world of Bitcoin, helping both Bitcoin-native companies and traditional firms embrace Bitcoin. We believe that in the future every business will need a Bitcoin strategy, and as a result every Bitcoin business will need exceptional talent with a passion for Bitcoin. By blending deep industry knowledge, global reach, and strategic foresight, XCE is positioned to be the strategic connector as the corporate adoption of Bitcoin turns into corporate integration of Bitcoin.
Why us
A Bitcoin treasury strategy provides a rational approach to preserving and enhancing corporate value in an increasingly uncertain economic environment. Unlike fiat currencies, which are subject to inflation and currency debasement, Bitcoin has a fixed supply, making it a powerful long-term store of value.
- Monetary strength
Bitcoin protects our capital from inflation and currency debasement. - Business benefits
Bitcoin’s properties as a store of value provide a solution to long term treasury reserves. Our Bitcoin treasury and public entity status will allow us to attract and retain talent, raise capital, and deliver value into the future. - Early adoption advantage
XCE holds a strong conviction in Bitcoin’s long-term value and sees widespread business adoption as inevitable. By integrating Bitcoin now, the company positions itself ahead of the curve to capture value as broader adoption unfolds.
| FIAT | GOLD | BITCOIN | |
| IMMUTABLE | – | – | + |
| SCARCE | – | + | + |
| VERIFIABLE | – | – | + |
| PORTABLE | + | – | + |
| DIVISIBLE | + | – | + |
| DURABLE | – | + | + |
By adding Bitcoin to the balance sheet today, companies gain resilience, diversify beyond traditional assets, and become first-movers in a new era of finance. Such a strategy future-proofs the business’s balance sheet and appeals to talent and stakeholders who share our conviction in a sound money future.
Simply put, Bitcoin provides certainty against economic and political uncertainty, while providing a scarce, finite asset that can strengthen the Company’s balance sheet and long-term financial resilience.
The Version 2.0 Bitcoin Treasury Company
| Uncorrelated Performance | Synergies with Bitcoin |
| Profitable Business
XCE’s flagship executive recruitment company, Spencer Riley, is a profitable business that more than covers its own operating expenses. This reduces the risk of liquidation, or the dilution of its Bitcoin treasury. |
Human Capital Meets Monetary Evolution
Bitcoin’s monetary revolution depends on people understanding and adopting it. As a recruitment firm, XCE deals in people, operating at the intersection of human capital, education, and network effects – the same forces that drive Bitcoin adoption. In the landscape of Bitcoin Treasury Companies, XCE is well placed to operate at the core of Bitcoin’s adoption story. |
| Diversified Business Model
XCE is agnostic towards industry and geography; its clients are distributed across the US, EU, UK and APAC in numerous unrelated sectors. It is therefore diversified and insulated against cyclical downturns in any specific sector or geography. |
Trusted Network and Influence
XCE’s relationships span thousands of professionals, business leaders, and innovators across industries. This trusted human network provides an authentic channel to spread awareness and literacy about Bitcoin, turning education into adoption. |
| Talent Attraction Leverage
XCE’s share option pool, tied to individual performance, compounds growth by attracting top-tier talent from the executive recruitment sector. This people driven accelerator allows XCE to secure new clients, expand into new high growth sectors, and drive long-term growth of our cashflows. |
Supplying the Adoption Demand
XCE is launching a Bitcoin division bridging the gap between traditional senior executives and Bitcoin-native companies – or traditional firms exploring Bitcoin adoption. This will position the business as a strategic connector as the corporate adoption of Bitcoin turns into corporate integration of Bitcoin. |
| Counter-Cyclical Opportunity
As a non-cyclical business, XCE’s financial performance tends to be uncorrelated with Bitcoin’s price movements (historical analysis shows that the recruitment sector has a negligible correlation (<0.1) with Bitcoin returns). During the 2021–2023 ‘crypto winter’, XCE quadrupled revenues enabling it to accumulate more Bitcoin at lower prices – effectively turning market volatility into an opportunity for long-term value creation. |
Cultural Alignment with Bitcoin’s Ethos
Bitcoin values merit, transparency, and decentralisation which are deeply aligned with XCE as it empowers individuals, rewarding talent over hierarchy. As Bitcoin grows, XCE aims to grow alongside it as a bridge between human potential and digital capital. |
OUR BITCOIN PRINCIPLES
