Blue Hat Announces the Completion of Its Purchase of One Ton of Gold, Showcasing the Effectiveness of Its Strategic Positioning

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]