London BTC Company launches search for US gold assets

London BTC Company (LSE:BTC) is adding a hard-asset strand to its Bitcoin-focused strategy by targeting gold exploration projects in the U.S. via a Nevada subsidiary, Tethered Gold LLC. The company has appointed Schiehallion Consulting to source and evaluate prospects, with field operations starting on 29 April across Nevada and Arizona. Management says Bitcoin remains the core treasury asset but that gold could act as a complementary monetary hedge, with profits from any gold activities earmarked to expand Bitcoin mining and increase Bitcoin held in treasury. The move diversifies the firm's asset mix and could modestly affect its capital allocation and treasury composition if acquisitions or successful discoveries follow.