In a bold pivot toward digital finance, Hamak Gold Limited (LSE: HAMA) has announced the acquisition of 20 Bitcoin, marking its first investment in digital assets. The move, valued at £1.77 million, is part of a broader treasury strategy aimed at diversifying the company’s balance sheet and enhancing shareholder value.
The Bitcoin purchase, made at an average price of £88,569 per coin, signals a strategic shift for the junior gold exploration company, which is primarily focused on African mining projects. Hamak Gold is now positioning itself as a hybrid player in the resource sector—combining traditional gold assets with the disruptive potential of digital currencies.
Strategic Alliance with Archax
To support this new direction, Hamak Gold has entered into a partnership with Archax, the UK’s first FCA-regulated digital asset exchange, broker, and custodian. Archax will provide secure custody and trading infrastructure for Hamak’s Bitcoin holdings, ensuring regulatory compliance and institutional-grade asset management.
“We are pleased to be delivering on the initial plan we announced to the market just a few weeks ago,” said Nick Thurlow, Executive Chairman of Hamak Gold. “We’re excited to partner with Archax, the premier UK-regulated crypto trading and custody firm.”
Archax CEO Graham Rodford welcomed the collaboration, noting the complementary nature of Bitcoin and gold as stores of value. “Bitcoin’s fixed supply of 21 million units is often cited as a distinguishing feature by market participants seeking alternatives to inflation-prone fiat currencies—complementing gold’s long-standing role,” he said.
A New Model for Junior Miners?
Hamak Gold’s dual-asset strategy is a rare move in the junior mining space, where companies typically focus on physical commodities. By integrating Bitcoin into its treasury, the company aims to create a low-correlation hedge against traditional equity market cycles, while tapping into long-term digital asset trends.
The initiative is part of a broader treasury framework that includes strategic reserves, liquidity tools, and non-dilutive value protection mechanisms. The company also hinted at upcoming high-level appointments to bolster its digital asset expertise.
About the Companies
Hamak Gold Limited is a UK-listed gold exploration firm with operations in Africa. Through its listing on the London Stock Exchange, it offers investors exposure to both traditional mining and digital asset strategies.
Archax, based in London, is a fully regulated digital asset platform catering to institutional investors. It offers services across the digital asset lifecycle—from token issuance and fundraising to trading and custody.
