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Tag: BHAT Stock Price

  • Blue Hat (BHAT) Shares Rally After Finalizing Key Gold Deal

    Blue Hat (BHAT) Shares Rally After Finalizing Key Gold Deal

    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.

  • What Is Causing The Fujian Blue Hat (BHAT) Stock to Rise Nearly 14%?

    What Is Causing The Fujian Blue Hat (BHAT) Stock to Rise Nearly 14%?

    Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) shares have gained 15.77% at $0.41 in Wednesday’s session. BHAT stock finished the last trading session at $0.36. Fujian Blue Hat stock recorded a trading volume of 7.0 million shares, which is above the average daily trading volume published for the last 50 days of 0.92 million shares. The shares of BHAT have retreated -9.34% in the last five days; however, they have lost -19.91% over the last one month.

    Blue Hat (BHAT) stock price has shed -36.72% over the last three months and has lost -17.61 percent so far this year. Further, the Fujian Blue Hat stock is being traded at a price-to-earnings ratio of 1.81 while its price to sales ratio stands at 0.36. BHAT stock is surging following the expansion of a significant collaboration.

    With whom Fujian Blue Hat has been extending the joint effort?

    Blue Hat (BHAT) is the main correspondence administration and internet data center (“IDC”) business supplier and a maker, designer, and administrator of versatile games, AR intuitive amusement games, toys, and instructive materials in China. Recognized by its own exclusive innovation, BHAT intends to make a connection with, intuitive and vivid local area for its clients.

    Blue Hat (BHAT) yesterday declared the expansion of the recently reported participation between the Company’s working auxiliary, Xunpusen Technology Co., Ltd. (“Xunpusen”), and JD Cloud.

    • JD Cloud is a main distributed computing brand under tech goliath JD Technology Group which extended the participation following its approval of Xunpusen as one of its center channel accomplices.
    • In October 2021, BHAT declared that Xunpusen consented to an arrangement to be a channel and port supplier for JD Cloud’s SMS channels administrations.
    • Having gotten the accreditation and licensure as a JD Cloud center channel accomplice, Xunpusen expects to develop its collaboration with JD Cloud in view of recently consented to SMS channel arrangements.
    • Those arrangements will give amazing chances to develop BHAT’s IDC business and different organizations while fostering a progression of extra assets between JD Cloud and Xunpusen.

    What BHAT has been arranging further?

    Subsequent to getting the extra demonstration of approval from JD Cloud, Blue Hat (BHAT) is anticipating growing its participation with JD Cloud as one of its center channel accomplices. Through Xunpusen, BHAT expects to keep zeroing in on fostering its center innovations and stages. The organizations inside the business are basic to proceeding with the development direction of BHAT IDC business, and it keeps on investigating new collaboration valuable open doors and ways of extending existing connections.