Acquisition of Bitcoin and Strategic Partnership with Archax
Hamak Gold Limited (LSE: HAMA) is pleased to announce the acquisition of 20 Bitcoin as part of its broader capital allocation and treasury management strategy. This move marks the Company’s first foray into digital asset investment and reflects a proactive approach to value creation and balance sheet optimisation.
To facilitate this strategy, Hamak Gold has partnered with Archax, the first FCA-regulated digital asset exchange, broker, and custodian, which will also support the Company’s Bitcoin Treasury Strategy.
Highlights
· Number of Bitcoin Purchased: 20 Bitcoin
· Average purchase price: £88,569 per Bitcoin
· Total amount purchased: £1,771,380
· Strategic partnership with Archax
The Company believes that holding both physical gold assets and digital assets such as Bitcoin offers a strong differentiation in the junior resources sector, providing a blend of traditionally defensive and digitally disruptive exposure. This hybrid strategy is intended to deliver low correlation to conventional equity market cycles while offering potential upside from long-term structural trends.
The initiative forms part of a more comprehensive treasury framework designed to incorporate strategic reserves, liquidity tools, and non-dilutive value protection mechanisms for shareholders.
Nick Thurlow, Executive Chairman of Hamak Gold Ltd, commented:
“We are pleased to be delivering on the initial plan we announced to the market just a few weeks ago. We’re excited to partner with Archax, the premier UK-regulated crypto trading and custody firm. We will also continue to strengthen our team through making further high-level appointments that will bring the necessary expertise for us to execute our corporate strategy and further enhance shareholder value.”