According to ChainCatcher, Gem Resources, a London Stock Exchange-listed company, has purchased 9 bitcoins as reserve assets through its wholly-owned subsidiary, Gem Resources Hong Kong Limited. The total cost was approximately US$633,200, averaging approximately US$70,355.56 per bitcoin (excluding transaction fees). The transaction was completed through HashKey Exchange, a Hong Kong-regulated digital asset trading platform, and the funds came from the company's existing cash resources.
Including transaction fees of approximately $1,484.6, the total expenditure reached $634,684.6. Louis Ching, the company's executive chairman, stated that the transaction capitalized on the recent pullback in Bitcoin prices to establish a "moderate, controlled position."
