Blue Hat Completes 1 Ton Gold Purchase, Surging Gold Prices Boost Book Profits to New Highs

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].