**Summary**
Gem Resources Plc (LSEGEMR), an emerald mining and development company, announced its first Bitcoin purchase under its Cryptocurrency and Digital Asset Treasury Policy. The company acquired 9 Bitcoins (BTC) for approximately US$634,684.60, including trading fees, at an average price of US$70,520.51 per BTC. The purchase was executed through HashKey Exchange, a regulated digital asset platform in Hong Kong, and funded entirely from existing cash resources.
The policy, adopted in October 2025, allows Gem Resources to hold cryptocurrencies, primarily Bitcoin, as a treasury asset and use them for emerald sales settlements with approved counterparties. The company maintains a "cold storage first" custody model with robust risk management controls, including dual authorization and whitelisted wallets. At least 50% of crypto holdings will be in Bitcoin, with the remainder allocated to Ethereum (ETH) and Solana (SOL).
The Board views this initial 9 BTC position as a measured step, providing exposure to Bitcoin while maintaining a conservative treasury profile. The company will continue to review its crypto holdings based on market conditions and capital allocation priorities. Shareholders are cautioned about the significant risks associated with cryptoassets, including price volatility, regulatory uncertainty, and cybersecurity threats.
The adoption of the policy does not change Gem Resources principal activities, which remain focused on exploration, development, and mining. The companys Executive Chairman, Louis Ching, emphasized that the primary focus is on advancing mining assets, with the Bitcoin allocation being a strategic treasury measure.