London BTC Company Ltd (LSE:BTC, OTCQB:VINZF) announced it has set up two wholly owned subsidiaries in Australia and Nevada as it looks to add gold exploration optionality alongside its bitcoin treasury strategy.
The London-listed group said Tethered Gold Pty Ltd and Tethered Gold LLC will provide the corporate structure to assess gold exploration, mineral claim staking and early-stage project development opportunities in two of the world’s busiest gold jurisdictions.
The company framed the move as part of a broader hard-asset strategy, with gold intended to sit alongside bitcoin as a hedge within the monetary system.
Chief executive Hewie Rattray said selective exposure to gold was “a logical extension” of the group’s focus on scarce assets.
"Gold has historically acted as a hedge within the broader monetary system, and the creation of Tethered Gold in Australia and Nevada provides the company with a platform to evaluate and secure gold exploration opportunities in two of the most active mining regions in the world," Rattray said.
The company said no material acquisitions or binding agreements have been entered into at this stage.