Workflow
Blue Hat(BHAT)
icon
Search documents
Blue Hat Completes 1 Ton Gold Purchase, Surging Gold Prices Boost Book Profits to New Highs
Globenewswire· 2025-03-18 12:30
Core Viewpoint - Blue Hat Interactive Entertainment Technology has successfully completed a significant gold transaction, enhancing its position in the precious metals market amid rising international gold prices [1][4][5]. Group 1: Transaction Details - The final payment for the gold transaction was completed between Blue Hat's subsidiary and Macau Rongxin Precious Metals Technology Co., Ltd. [1] - The transaction involved the purchase of 1 ton of gold at a price of 473.78 yuan per gram (approximately $1,990 per ounce), totaling 474 million CNY [4]. - The book profit from this transaction has exceeded 25 million CNY, demonstrating the company's market acumen in the precious metals field [4][5]. Group 2: Market Context - In March 2025, international gold prices reached historic highs, with COMEX gold futures and London spot gold surpassing $3,000 per ounce [3]. - Factors contributing to the gold price rally include escalating geopolitical risks, expectations of a Federal Reserve rate cut, and increasing gold reserves by central banks, including China [3]. Group 3: Strategic Implications - The agreement includes a 3-year lock-up period for shares, reflecting Macau Rongxin's trust in Blue Hat's management and strategic direction [2]. - The successful transaction is expected to significantly enhance Blue Hat's industry status and provide financial support for future expansions in the gold industry chain [5]. - The appreciation potential of gold assets is anticipated to benefit the company's long-term returns [5]. Group 4: Company Background - Blue Hat was previously focused on communication services and AR interactive entertainment but is now expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [6].
蓝帽子携手纵横资本,计划打造黄金 RWA 创新范例
Globenewswire· 2025-03-14 12:31
Core Insights - Blue Hat Interactive Entertainment Technology (BHAT) has signed a strategic cooperation agreement with Zongheng Capital Group to create the world's first gold RWA (Real World Assets) tokenization project, marking a significant milestone in the integration of traditional gold industry and blockchain technology [1][5]. Group 1: RWA Tokenization Overview - RWA tokenization involves digitizing real-world assets like real estate and gold through blockchain technology, allowing these tokens to circulate freely on the blockchain, representing both ownership and associated income rights [2]. - As of the end of 2024, over $13 billion worth of real assets have been tokenized globally, with a notable demand for tokenized gold products, such as Paxos Gold (PAXG), which saw over 20% market growth in 2024 [2]. Group 2: Advantages of Gold RWA Tokenization - Increased liquidity: Tokenization allows gold to be traded more efficiently globally, enabling investors to buy and sell gold tokens without relying on traditional financial institutions [3]. - Inclusive finance: Tokenization breaks down high-value gold assets into smaller tokens, significantly lowering investment barriers and allowing more small and medium investors to participate [3]. - Transparency and trust: Blockchain's transparency ensures the authenticity of gold asset information and traceability of transaction records, allowing investors to access operational data and profit distribution [3]. - Smart asset management: Utilizing smart contracts for automatic profit distribution reduces human intervention and operational costs, enhancing asset management efficiency [3]. Group 3: Collaboration Between BHAT and Zongheng Capital - BHAT aims to leverage its expertise in the gold industry, while Zongheng Capital, a licensed financial services company in Hong Kong, brings over 20 years of experience in fund management and wealth management for high-net-worth clients [4]. - The collaboration will focus on the digital transformation of gold assets, ensuring each token is backed by real gold, optimizing liquidity through partnerships with major exchanges, and adhering to regulatory requirements for a secure investment environment [5]. Group 4: Future Outlook - The CEO of BHAT expressed confidence that gold RWA tokenization will revitalize the gold market and provide investors with more flexible and efficient investment options [6]. - Zongheng Capital's leadership highlighted that RWA tokenization represents a crucial step in merging traditional finance with blockchain ecosystems, aiming to set an industry benchmark through this collaboration [6]. - As RWA tokenization technology matures and gains market acceptance, the gold RWA tokenization project is expected to become a significant breakthrough in the global financial market, creating more value for investors and transforming the future landscape of the gold industry [7].
Blue Hat Teams Up with Axis Capital Group to Pioneer Innovation in Gold RWA
Globenewswire· 2025-03-14 12:30
Core Viewpoint - Blue Hat Interactive Entertainment Technology and Axis Capital Group have signed a strategic cooperation agreement to develop the world's first gold RWA (Real World Assets) tokenization project, marking a significant integration of the gold industry with blockchain technology [1][9]. Industry Overview - RWA tokenization involves digitizing real-world assets like gold through blockchain, allowing for on-chain trading and attracting a diverse group of investors by enhancing liquidity and reducing transaction costs [2][3]. - By the end of 2024, over $13 billion worth of real assets had been tokenized globally, with tokenized gold products, such as Paxos Gold (PAXG), experiencing over 20% market growth in 2024 [3]. Advantages of Gold RWA Tokenization - Enhanced liquidity allows for more efficient global trading of gold assets, enabling investors to buy and sell tokens without relying on traditional financial institutions [7]. - The fractionalization of high-value gold assets lowers investment thresholds, promoting financial inclusivity for small and medium investors [7]. - Blockchain technology ensures transparency and trust, providing real-time data on tokenized assets and their returns [7]. - Smart contracts facilitate automated distribution of returns, improving asset management efficiency and reducing operational costs [7]. Collaboration Details - Blue Hat and Axis Capital Group will utilize blockchain technology to ensure that each token is backed by real, fully reserved gold assets [8]. - Axis Capital will leverage its financial market resources to optimize liquidity solutions for gold tokens, attracting more investors [8]. - Both companies will adhere to regulatory requirements to ensure the project's legality and security, providing a reliable investment environment [8]. Future Outlook - The collaboration aims to set an industry benchmark for the digital transformation of gold assets, with expectations that RWA tokenization will reshape the future of the gold industry [9].
Blue Hat Announces 1-for-100 Reverse Stock Split
Globenewswire· 2025-03-12 20:05
Core Viewpoint - Blue Hat Interactive Entertainment Technology plans to implement a 1-for-100 reverse stock split effective March 17, 2025, to adjust its share structure and potentially enhance its market position [1][2][3] Group 1: Reverse Stock Split Details - The reverse stock split will convert every 100 shares of the Company's ordinary shares into one share, increasing the par value from $0.01 to $1 per share [2] - The total number of ordinary shares before the split is 493,820,989, and trading will continue under the symbol "BHAT" on the Nasdaq Capital Market [1][2] - No fractional shares will be issued; any resulting fractions will be rounded up to the next whole number [2] Group 2: Company Background - Blue Hat was previously focused on communication services and the development of AR interactive entertainment games, toys, and educational materials in China [4] - The Company is now expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [4]
Blue Hat Announces the Completion of Its Purchase of One Ton of Gold, Showcasing the Effectiveness of Its Strategic Positioning
Globenewswire· 2025-01-31 21:05
Core Insights - Blue Hat Interactive Entertainment Technology has completed the purchase of one ton of gold from Rongxin Precious Metal Technology Co., Ltd, finalizing the transaction through the issuance of ordinary shares [1] - The gold purchase was executed at a price of RMB 473.70 per gram (approximately US$1,900 per ounce), and with the gold delivery price exceeding US$2,780 per ounce at the beginning of 2025, the company's book assets have appreciated by nearly US$25 million [2] Strategic Positioning - The company has shifted its focus towards gold and supply chain businesses, validating its strategic moves over the past two years [2] - Blue Hat plans to increase gold reserves through strategic alliances with international partners, optimize supply chain operations via intelligent platform development, and promote technological innovation through blockchain-based trading platforms [3][4] Future Objectives - In 2025, the company aims to enhance its gold reserves, improve supply chain efficiency, and accelerate the digitization of gold trading [3][4] - The company remains committed to innovation and sustainable development, leveraging its growth and management capabilities to deliver long-term value to shareholders [5] Company Background - Blue Hat was previously involved in communication services and AR interactive entertainment but is now transitioning to become a leading intelligent commodity trader [6] - The company announced a strategic shift to an AI-driven financial services enterprise in March 2024, focusing on gold trading and commodity-related businesses [6] - Blue Hat has made significant strides in regulatory compliance, achieving Category A Dealer status in Precious Metals and Stones in June 2024, which supports its long-term development in the gold and commodities sector [6]
Blue Hat Announces Receipt of Nasdaq Delisting Notice Subject to Hearing Request
Globenewswire· 2025-01-28 21:05
Core Viewpoint - Blue Hat Interactive Entertainment Technology is facing potential delisting from Nasdaq due to non-compliance with listing rules, specifically the Low Priced Stocks Rule, after its stock price closed at $0.10 or less for ten consecutive trading days [1][2]. Group 1: Delisting Notification - On January 24, 2025, Blue Hat received a notification from Nasdaq regarding non-compliance with the Low Priced Stocks Rule [1]. - The company had previously been notified on September 6, 2024, for closing below $1.00 per share for 30 consecutive business days, which provided a compliance period until March 5, 2025 [2]. - The recent delisting determination has ended the previous compliance period prematurely due to the stock price issue [2]. Group 2: Appeal Process - The company intends to request a hearing to appeal the delisting determination, which will temporarily stay the suspension of its securities [3]. - If the appeal is not requested by January 31, 2025, trading of the company's shares will be suspended on February 4, 2025, and a Form 25-NSE will be filed to remove the securities from Nasdaq [4]. Group 3: Compliance Options - Blue Hat is exploring various options to regain compliance, including the possibility of a reverse stock split pending shareholder approval [5]. Group 4: Company Background - Blue Hat was previously engaged in communication services and the development of AR interactive entertainment games and educational materials in China [6]. - The company is now expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [6].
Blue Hat Announces Pricing of $4.3 Million Registered Direct Offering
GlobeNewswire News Room· 2025-01-13 14:15
Group 1 - Blue Hat Interactive Entertainment Technology has entered into securities purchase agreements with institutional investors to sell 77,989,800 Ordinary Shares at an offering price of $0.055 per share [1][2] - The gross proceeds from this registered direct offering are estimated to be approximately $4.3 million before deducting fees and expenses [2] - The offering is expected to close on or about January 14, 2025, subject to customary closing conditions [2] Group 2 - The Ordinary Shares are being offered under a shelf registration statement on Form F-3, which was declared effective by the SEC on January 26, 2024 [3] - A prospectus supplement relating to the Ordinary Shares will be filed with the SEC [4] - Blue Hat was previously a provider of communication services and is now primarily engaged in commodity trading in China [5]
Blue Hat Announces Pricing of $3.9 Million Registered Direct Offering
Globenewswire· 2025-01-08 14:15
Core Viewpoint - Blue Hat Interactive Entertainment Technology has announced a registered direct offering of 55,950,000 Ordinary Shares at a price of $0.07 per share, aiming to raise approximately $3.9 million before expenses [1][2]. Group 1: Offering Details - The offering is expected to close on or about January 10, 2025, pending customary closing conditions [2]. - Maxim Group LLC is acting as the sole placement agent for this offering [2]. - The shares are being offered under a shelf registration statement on Form F-3, which was declared effective by the SEC on January 26, 2024 [3]. Group 2: Company Background - Blue Hat was previously involved in communication services and the development of AR interactive entertainment games, toys, and educational materials, but is now primarily engaged in commodity trading in China [5].
Blue Hat Announces Pricing of $4.4 Million Registered Direct Offering
Globenewswire· 2025-01-06 14:15
Core Viewpoint - Blue Hat Interactive Entertainment Technology has announced a registered direct offering of 55,200,000 Ordinary Shares at a price of $0.08 per share, aiming to raise approximately $4.4 million before expenses [1][2]. Group 1: Offering Details - The offering is expected to close on or about January 7, 2025, pending customary closing conditions [2]. - Maxim Group LLC is acting as the sole placement agent for this offering [2]. - The shares are being offered under a shelf registration statement declared effective by the SEC on January 26, 2024 [3]. Group 2: Company Background - Blue Hat was previously involved in communication services and the production of AR interactive entertainment games, toys, and educational materials, but is now primarily engaged in commodity trading in China [5].
蓝帽互动娱乐科技公司宣布执行6,649万美元的黄金交付
GlobeNewswire Inc.· 2024-08-29 12:30
Core Viewpoint - Blue Hat Interactive Entertainment Technology announced a significant increase in trading volume, with 1,000 shares traded at approximately $2,204.62, indicating a strong market interest in the company's stock [1]. Financial Performance - The stock price of Blue Hat Interactive was approximately $61.14 on October 10, 2023, and increased to about $80.61 by August 28, 2024, reflecting a notable rise in value [1]. - The trading price of BHAT shares was around $66.49, suggesting a robust performance in the market [1]. Market Activity - The company is experiencing heightened trading activity, which is expected to continue, indicating a positive outlook for future financial performance [1]. - The increase in trading volume is attributed to strong market interest and investor confidence in the company's prospects [1].