Hamak Strategy Raises £2.5M to Expand Bitcoin Treasury and Fund African Gold Exploration
UK-listed Hamak Strategy has closed a £2.5 million financing round to bolster its Bitcoin treasury strategy and fund gold exploration in Africa. The group’s Hamak Gold unit previously acquired an inaugural 20 BTC in July to seed its crypto holdings as part of a dual-asset approach that combines precious metals and digital assets. On 15 October the company also disclosed a larger £35 million financing line intended to support ongoing investments in both gold and Bitcoin. Management says the moves reflect disciplined balance-sheet management designed to diversify exposure and attract institutional funding. Key datapoints for traders: £2.5m new raise, 20 BTC initial purchase, and a £35m additional financing facility announced in October. Market relevance: further corporate Bitcoin accumulation can tighten BTC supply on exchanges and signal institutional demand, while the concurrent focus on gold indicates a hedged, dual-asset treasury policy.
Bullish
The news is mildly bullish for BTC. Corporate accumulation of Bitcoin (Hamak’s initial 20 BTC and the new £2.5m raise earmarked for further BTC purchases) reduces available supply on markets and signals ongoing institutional interest. The announced £35m financing facility increases the potential scale of future purchases, which could produce additional upward pressure if deployed into BTC. In the short term, the immediate £2.5m raise is limited in size relative to global BTC liquidity, so any price impact is likely small and localized. Over the medium to long term, repeated corporate treasury buys and larger financing lines that commit to acquiring BTC tend to support higher ceilings by tightening supply and normalizing institutional adoption, which traders often view as bullish. The company’s dual-asset stance (gold plus BTC) may temper risk-taking but still contributes positively to BTC demand dynamics.