London BTC Company Ltd (LSE:BTC, OTCQB:VINZF) chairman David Lenigas talked with Proactive's Stephen Gunnion about the company's innovative strategy to hedge its Bitcoin mining operations by acquiring gold and silver assets. He explained that while Bitcoin companies typically don’t invest in gold, London BTC is taking a different route, using its debt-free balance sheet to build a diversified treasury.
“We’ve got 1,100 bitcoin miners churning away in North America,” Lenigas said, “and we think that gold, and silver to that extent… is a good sort of hedge that we can create.”
The conversation explored the company’s acquisition of the Chance Gold Mine in Western Australia, a low-cost asset being used to test this hedging model. Lenigas emphasised the potential of underexplored gold assets and hinted at promising opportunities in the United States.
On the Nasdaq front, Lenigas reaffirmed ambitions to list, but stated the goal is to avoid entering an overcrowded market. Instead, London BTC aims to be unique in combining Bitcoin mining with gold and silver assets.
Looking ahead, the company plans to expand its fleet to 1,500 miners and maintain a disciplined approach with no leverage or debt exposure—key for surviving volatility in the crypto space.
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