Gold Explorer Joins Bitcoin Treasury Bandwagon

Hamak Gold, an early -stage mineral research company, focused on detecting orogenic and green golden gold in Liberia, West Africa, part of its treasury to its treasury Bitcoin.

On the London Stock Exchange’s list of 2022, the company announced on Thursday that it has raised £ 2.47 million through the placement of shares, although it is not listed when the funds are provided.

“Injection of the new capital” makes Hamak Gold “well positioned to follow two basic targets in parallel,” said Nick Thurlow, his newly appointed president, UA said statement Published by the London Stock Exchange.

These goals include “maximize [our] Existing options for exploring and developing gold “and” exploiting transformative capabilities […] Leading the UK in Bitcoin Treasury Management, “Thurlow said.

Although it remains before the revenue and has no active mining operation, Hamak Gold has licenses to more than 1,700 square kilometers of potential terrain.

Same book, different players

Bitcoin Treasury Turnus becomes more and more Famous strategiesespecially among companies that want to be invented.

Michael Saylor’s Strategy moved to Bitcoin 2020 after years standing performance. Semler Scientific, a health company, faced declining revenues and legal issues Before she adopted her Bitcoin strategy last year. Now is the goal Get 105,000 BTC until 2027.

Others, like Gamestop, adapted to trend in the midst of pressure of retail winds and activist investors, with the Committee approved the purchase of Bitcoin in early March. That is since then acquired Over 4,710 BTC raised $ 450 million last month, potential securing more.

Newer moves include those OpilAustralian biotechnical company with a runway less than a month in cash and Vanadi coffeeThe Spanish cafe chain with only six locations, it seems that it works from the same play book: Pivot to Bitcoin, resets the narrative.

Structure and discipline

Still not all the Bitcoin cashier strategies built equally.

The difference, according to Saul Rejwan, a management partner at the Masterkey Crypto Crypto Crypto Capital, comes down to structure and discipline.

Citing a metaplanet on the Tokyo list, Rejwan said Decipher That the company “The first refinancated high-cost hotel debt and bought older insured bonds”, later issuing Zero-Coupon paper for adding 1.005 more bitcoin.

But since the Metaplanet engine can already cover its obligations, Bitcoin “complements the cleaner balance instead of replacing one,” Rejwan explained, pointing out that the Bitcoin Trezor model could serve as a kind of “Litmus test“For companies.

Rejwan contrasting it with companies like Twenty -one capitalwhich he characterized as a vehicle born spac. Twenty -one capital had announced Earlier in April, he was planning a public debut that had already carried 42,000 BTC to his treasury, which Rejwan noted that he was “funded to a large extent with fresh capital and convertible debt” Assistants such as SoftBank and Tether.

“Here, the balloons of the shares number before earning one Satoshi; it is expected that volatility of bitcoin will make a heavy abolition for the price of shares and not protect retained earnings,” said Rejwan, comparing big players with recent participants.

“Sharing is a risky discipline,” he claimed. Although the bull’s market could tend to “flatter” such spare strategies, history could prove itself differently, he claimed.

Companies that “rely on the serial capital raise, too big positions or a single signature wallet” are allegedly “shareholders in the four -year boom cycle and rollover,” Rejwan remarked.