Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has experienced a remarkable surge in its stock value following the successful completion of a gold-related transaction. As of the latest market check, BHAT shares climbed by 32.81%, reaching $3.36 on the U.S. stock charts.
The significant uptick follows the company’s final payment settlement for a gold acquisition through its wholly owned Hong Kong subsidiary, Golden Alpha Strategy Limited, in partnership with Macau Rongxin Precious Metals Technology Co., Ltd.
Strategic Partnership and Long-Term Vision
The transaction terms include a three-year lock-up period for the ordinary shares involved, during which they will remain non-voting. This arrangement signifies Macau Rongxin’s confidence in Blue Hat’s strategic direction and management capabilities.
Rongxin exhibits a dedication to long-term investment rather than immediate operational impact by legally granting BHAT’s leadership the ability to vote. Future deeper collaboration is anticipated to be facilitated by the strong foundation of mutual trust between the two institutions.
Gold Prices Hit All-Time Highs
March 2025 saw international gold prices achieve unprecedented levels. On March 14, London spot gold and COMEX gold futures both broke beyond the $3,000 per ounce barrier, setting new records. Gold’s appeal as a safe investment asset and an inflation hedge was further strengthened by ongoing inflationary pressures and falling U.S. Treasury rates.
Numerous global economic and geopolitical factors contributed to this price spike, including increased demand for safe haven assets as a result of geopolitical unrest, growing concerns that the U.S. dollar would weaken due to Fed rate cuts, and central banks like China building up their gold reserves.
Economic Effects and Prospects
The deal that Golden Alpha Strategy Limited made on August 28, 2024, to purchase one ton of gold at a price of 473.78 yuan per gram (about $1,990 per ounce), or 474 million CNY, is where this transaction started. Blue Hat’s book profit has surpassed $25 million, demonstrating its strategic insight in the precious metals industry as gold prices continue to increase.
The closing of this deal improves Blue Hat’s financial prospects in addition to its market position in the gold business. The substantial increase in book profits will improve BHAT’s financial statements, providing robust financial backing for its planned expansion within the gold industry.