Open account

London BTC Company deals into first gold project

London BTC Company said it has staked its first US gold project, Huntington-Whitman in Nevada, as part of a broader strategy to build hard-asset gold exposure alongside its Bitcoin treasury and mining operations. Through wholly owned subsidiary Tethered Gold LLC, it secured 111 mineral claims covering 2,293 acres (9.3 sq km) in a historic Nevada gold district near the Sleeper Mine and Jumbo Deposit. Surface sampling is underway, with assays expected by mid-June. The move adds a new non-crypto growth avenue and signals diversification away from a pure Bitcoin narrative, potentially broadening investor perception of the company. Further staking in Nevada and Arizona is planned.

Category

Bitcoin

Sentiment

Mixed

Event

Corporate action

Reading time

1 min