💰 HAMAK GOLD: GOLD EXPLORER ADOPTS BITCOIN AS CORPORATE TREASURY
The British Hamak Gold, a mineral exploration company listed on the London Stock Exchange, announced the allocation of part of its treasury in $BTC . The decision follows a trend of companies under financial pressure seeking to "reinvent narratives".
📌 HYBRID STRATEGY
After raising £2.47 million in a new round of shares, Hamak has two parallel objectives:
Gold exploration in 1,700 km² in Liberia (no active operations).
Management of treasury in Bitcoin — aims to lead the movement in the UK.
"It's a transformative opportunity"
– Nick Thurlow, new chairman of Hamak
⚖️ THE MODEL UNDER ANALYSIS
While companies like MicroStrategy (105k BTC by 2027) and Metaplanet have structured positions with debt refinancing, analysts warn of risks:
Saul Rejwan (Masterkey VC) emphasizes that sustainable strategies require operational discipline:
"Metaplanet uses Bitcoin to complement healthy balance sheets, not replace them".
Startups like Vanadi Coffee (6 coffee shops) replicate the movement as a narrative reset, often leveraged by issuing shares or convertible debt.
⚠️ MARKET ALERT
Geoffrey Kendrick (Standard Chartered): "Strategy imitators doubled BTC holdings, but will collapse with liquidity tightening".
Anthony Scaramucci (SkyBridge): "Companies using debt to buy BTC may harm the ecosystem".
Replacing gold with $BTC in corporate treasuries is a financial strategy or a speculative fad?
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