As filed with the Securities and Exchange Commission on February 9, 2026 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BLUE HAT INTERACTIVE ENTERTAINMENT TECHNOLOGY (Exact name of registrant as specified in its charter) Cayman Islands 3942 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (IRS Employer Identifica ...

Group 1: Macro Market Trends - The current market shows a significant preference for precious metals, particularly gold, which has maintained its status as a safe-haven asset amid increasing global economic volatility. Gold accounts for 90% of Doo Financial's trading volume, indicating its dominant position in financial asset allocation [3]. - There has been a notable shift in trading volume, with currency pairs now representing only 15% to 20% of total trading volume, down from a 50% share three years ago, reflecting changing investor interests [3]. - Silver is emerging as the "next opportunity," with similar trends to gold but higher volatility and lower entry prices, appealing to investors with risk management capabilities [3]. Group 2: Investor Structure and Education - The financial market is experiencing a significant trend towards a younger investor demographic, primarily driven by the "millennial" generation, while the "Z generation" is emerging as a beginner group in trading [4]. - The entry rules for young investors have been adjusted, lowering the minimum deposit from 5 million Indonesian Rupiah to 1 million Indonesian Rupiah (approximately 100 USD), making it easier for younger investors to participate [6]. - Despite the lower entry threshold, there are concerns about the risks associated with inexperienced young investors engaging in high-leverage trading without proper risk management strategies [6][8]. Group 3: Indonesian Market Outlook - The Indonesian government, under the guidance of OJK, is working to create a local gold ecosystem to compete with surrounding markets and provide better financing support for the mining sector [9]. - Indonesia aims to become a "price maker" in the global market, with ongoing efforts to enhance the local ecosystem to facilitate the establishment of global pricing by local exchanges [9]. Group 4: Doo Group's Role - Doo Group, through its diverse business segments including brokerage, wealth management, payment exchange, and fintech, provides comprehensive support to global investors, addressing the challenges posed by macroeconomic fluctuations and the need for investor education [10][11]. - The company's core philosophy emphasizes a customer-centric approach, technology-driven solutions, and a strong focus on education, aiming to enhance financial literacy and risk awareness among users [13].

Core Viewpoint - Robinhood Markets has experienced significant stock growth, but its future valuation depends on continued business growth [1][4]. Company Performance - Robinhood's stock surged nearly 400% in 2024 and has nearly tripled over the past year, despite a recent decline of over 25% [4]. - The company reported a 65% year-over-year revenue increase through the first three quarters of 2025, with Q3 showing over 100% growth [6]. - Earnings have risen by 158% year to date, and free cash flow has increased by 108% [6]. - Robinhood is projected to achieve a net profit of $1.7 billion and free cash flow of $3.4 billion for the year [6]. Market Valuation - Analysts predict Robinhood's earnings will grow at an annualized rate of about 22% over the next five years [7]. - The current valuation of Robinhood's stock is considered expensive at 28 times free cash flow and even more so at a price-to-earnings ratio of 58 [7].