Blue Hat Interactive reports on gold holdings performance

Blue Hat ports on the performance of its gold holdings acquired as part of its precious metals trading strategy. In August 2024, Blue Hat acquired 1 ton of gold at approximately $1,990 per ounce, with a total cost of approximately $64M as previously disclosed in our SEC filings. Based on recent gold price movements, the company’s 1-ton gold holding has generated unrealized gains of approximately $42M, representing a 65% gain. Chen Xiaodong, CEO, noted: “Gold market conditions have been generally favorable. We continue to monitor market developments while maintaining our strategic position in precious metals trading.” Beyond holding gains, Blue Hat has continued to develop its gold trading operations, completing 123 kilograms in gold trading volume in the first half of the year, working to generate cash flow through trading activities and related services. The company has built a gold trading network spanning Hong Kong and Southeast Asia. Chen noted, “Central bank purchases are reshaping the gold market structure, and this institutional-level demand provides deeper liquidity for our trading business. We are focused on developing our precious metals trading business while carefully managing associated risks. We plan to evaluate increasing gold reserves to 1500 kilograms subject to market conditions and board approval.”