{
  "schemaVersion": 1,
  "note": "Hamak Strategy (LSE:HAMA) treasury movements, one row per announced event, each citing the announcement that disclosed it. Published from the treasury_ledger table at build time. Compiled by Golden Bitcoin, an independent investor publication; not company IR and not financial advice.",
  "generatedAt": "2026-10-12T21:01:20.970Z",
  "rows": [
    {
      "id": "tr-2025-07-30-btc-20",
      "effectiveDate": "2025-07-30",
      "announcedDate": "2025-07-30",
      "headline": "Acquisition of Bitcoin and Strategic Partnership with Archax",
      "grade": "rns",
      "source": "https://hamakstrategy.com/partnerships/acquisition-of-bitcoin-and-strategic-partnership-with-archax/",
      "note": "The first purchase, bought through Archax, the FCA-regulated exchange and custodian, while the company was still Hamak Gold. The announcement gives 'July 2025' but no trade date, so the effective date here is the announcement date. The same figures — 20 bitcoin at an average of £88,569, £1,771,380 in total — are restated in the interim results for the period ended 30 June 2025 under events after the reporting date, which is a second, independent disclosure of the cost.",
      "kind": "acquisition",
      "asset": "bitcoin",
      "quantity": 20,
      "unit": "BTC",
      "totalCost": 1771380,
      "unitCost": 88569,
      "costCurrency": "GBP",
      "statedHoldingAfter": 20
    },
    {
      "id": "tr-2026-01-03-btc-3",
      "effectiveDate": "2026-01-03",
      "announcedDate": "2026-01-28",
      "headline": "Purchase of Bitcoin and Gold Bullion",
      "grade": "rns",
      "source": "https://hamakstrategy.com/regulatory-updates/purchase-of-bitcoin-and-gold-bullion/",
      "note": "Bought on 3 January 2026 and announced on 28 January — the gap between the two dates is why this ledger carries both.",
      "kind": "acquisition",
      "asset": "bitcoin",
      "quantity": 3,
      "unit": "BTC",
      "totalCost": 199703,
      "unitCost": 66567,
      "costCurrency": "GBP",
      "statedHoldingAfter": 23
    },
    {
      "id": "tr-2026-01-27-gold-1650g",
      "effectiveDate": "2026-01-27",
      "announcedDate": "2026-01-28",
      "headline": "Purchase of Bitcoin and Gold Bullion",
      "grade": "rns",
      "source": "https://hamakstrategy.com/regulatory-updates/purchase-of-bitcoin-and-gold-bullion/",
      "note": "Bought on 27 January 2026 through a Hamak corporate account with BullionVault UK, a London Bullion Market Association member. The £195,360 is stated as including buying commissions. No unit price is disclosed, so unitCost is deliberately absent rather than back-solved: dividing the all-in cost by the weight would produce a per-kilogram figure that looks like a gold price and is not one.",
      "kind": "acquisition",
      "asset": "gold",
      "quantity": 1.65,
      "unit": "kg",
      "totalCost": 195360,
      "costCurrency": "GBP",
      "statedHoldingAfter": 1.65
    },
    {
      "id": "tr-2026-02-18-btc-3",
      "effectiveDate": "2026-02-18",
      "announcedDate": "2026-03-18",
      "headline": "BTC Purchase and Investment in Vaultz Capital",
      "grade": "rns",
      "source": "https://hamakstrategy.com/regulatory-updates/btc-purchase-and-investment-in-vaultz-capital/",
      "note": "Bought on 18 February 2026, announced on 18 March — a month between the trade and the disclosure. Total stated as including commissions. This is the last disclosed treasury purchase of any kind.",
      "kind": "acquisition",
      "asset": "bitcoin",
      "quantity": 3,
      "unit": "BTC",
      "totalCost": 150000,
      "unitCost": 50000,
      "costCurrency": "GBP",
      "statedHoldingAfter": 26
    },
    {
      "id": "tr-2026-03-18-vaultz-6500000",
      "effectiveDate": "2026-03-18",
      "announcedDate": "2026-03-18",
      "headline": "BTC Purchase and Investment in Vaultz Capital",
      "grade": "rns",
      "source": "https://hamakstrategy.com/regulatory-updates/btc-purchase-and-investment-in-vaultz-capital/",
      "note": "6,500,000 ordinary shares in Vaultz Capital plc (V3TC, Aquis), stated as 3.05% of Vaultz's issued share capital and restated unchanged on 14 July 2026. No purchase price is disclosed in that announcement, in the 14 July restatement, in the 2025 annual report or anywhere else — so this lot has no cost, and any holding containing it reports no cost basis rather than a partial one. The company page says the shares were acquired in February 2026, but no day is given, so the effective date here is the announcement date. Vaultz's own bitcoin holding is a separate and much larger number than Hamak's and must never be read across.",
      "kind": "acquisition",
      "asset": "vaultz",
      "quantity": 6500000,
      "unit": "shares",
      "statedHoldingAfter": 6500000
    },
    {
      "id": "tr-2026-03-18-vaultz-6500000-costed",
      "effectiveDate": "2026-03-18",
      "announcedDate": "2026-09-25",
      "headline": "Interim Results — cost of the Vaultz Capital stake",
      "grade": "rns",
      "source": "https://www.investegate.co.uk/announcement/rns/hamak-gold-limited-npv-di---hama/interim-results/9792185",
      "supersedes": "tr-2026-03-18-vaultz-6500000",
      "note": "The same 6,500,000 Vaultz Capital shares as the row this supersedes, now with a cost: the interim results give $218,637 in total for ten purchases over six weeks in February and March 2026 (note 10), the first price disclosed anywhere. It is in dollars only and the purchases' sterling cost is not given, so the engine reports the dollar cost beside a null sterling basis rather than converting at a rate the company did not state. Dated as the row it replaces, to the 18 March announcement, because the ten purchases have no individual dates. At 30 June the stake was valued at 3.5p a share, £227,500 ($301,146).",
      "kind": "acquisition",
      "asset": "vaultz",
      "quantity": 6500000,
      "unit": "shares",
      "totalCost": 218637,
      "costCurrency": "USD",
      "statedHoldingAfter": 6500000
    },
    {
      "id": "tr-2026-05-21-gold-sale-0.7",
      "effectiveDate": "2026-05-21",
      "announcedDate": "2026-09-25",
      "headline": "Interim Results — 0.70kg of gold bullion sold",
      "grade": "rns",
      "source": "https://www.investegate.co.uk/announcement/rns/hamak-gold-limited-npv-di---hama/interim-results/9792185",
      "note": "The first of three gold sales disclosed by the interim results for the six months to 30 June 2026 (note 9), none of them announced when it was made: 0.70kg of the 1.65kg bought in January, sold on 21 May 2026. The results give the two first-half sales together — 1.20kg, sold below weighted average cost for a combined loss of $26,719 — and no proceeds for either, so none are recorded here. The company says the gold was sold to fund working capital as an alternative to issuing shares at a discount. No holding is stated after this sale on its own; the next row carries the one the results state for 30 June.",
      "kind": "disposal",
      "asset": "gold",
      "quantity": 0.7,
      "unit": "kg"
    },
    {
      "id": "tr-2026-06-15-gold-sale-0.5",
      "effectiveDate": "2026-06-15",
      "announcedDate": "2026-09-25",
      "headline": "Interim Results — 0.50kg of gold bullion sold",
      "grade": "rns",
      "source": "https://www.investegate.co.uk/announcement/rns/hamak-gold-limited-npv-di---hama/interim-results/9792185",
      "note": "0.50kg sold on 15 June 2026 (note 9), leaving 0.45kg — the holding the results state at 30 June. Nothing moved between the two dates, so that figure is recorded as this sale's stated holding and the fold is checked against it. Proceeds are not given separately; see the 21 May row. At 30 June the 0.45kg was carried at its net realisable value of $58,114, a write-down of $15,774 against cost, at £97,701 a kilogram less the dealing account's commission.",
      "kind": "disposal",
      "asset": "gold",
      "quantity": 0.5,
      "unit": "kg",
      "statedHoldingAfter": 0.45
    },
    {
      "id": "tr-2026-07-21-gold-sale-0.4",
      "effectiveDate": "2026-07-21",
      "announcedDate": "2026-09-25",
      "headline": "Interim Results — 0.40kg of gold bullion sold",
      "grade": "rns",
      "source": "https://www.investegate.co.uk/announcement/rns/hamak-gold-limited-npv-di---hama/interim-results/9792185",
      "note": "0.40kg sold on 21 July 2026 for net proceeds of £38,884, 'reducing its holding to 0.05 kilograms' (note 17) — the company's own figure, and the one this ledger folds to. On a disposal totalCost is proceeds received, and here it is net of costs, unlike the bitcoin sale's gross figure: the results give only the net. The 0.05kg is 50 grams left of the 1.65kg bought for £195,360 in January; the engine carries the remaining cost pro rata. 1.60kg of the gold was sold in 2026, in three sales, none announced at the time.",
      "kind": "disposal",
      "asset": "gold",
      "quantity": 0.4,
      "unit": "kg",
      "totalCost": 38884,
      "costCurrency": "GBP",
      "statedHoldingAfter": 0.05
    },
    {
      "id": "tr-2026-09-18-btc-sale-8",
      "effectiveDate": "2026-09-18",
      "announcedDate": "2026-09-21",
      "headline": "Sale of 8 Bitcoin Supports Advancing of Akoko PEA",
      "grade": "rns",
      "source": "https://www.investegate.co.uk/announcement/rns/hamak-gold-limited-npv-di---hama/sale-of-8-bitcoin-supports-advancing-of-akoko-pea-/9780831",
      "note": "The first disposal in the ledger, and the first time the treasury has gone down. Sold on 18 September 2026 and announced on 21 September, so this row carries both dates and the holding steps down on the trade date, not the announcement date. On a disposal `unitCost` and `totalCost` are proceeds received, not cost paid — £60,314.54 per BTC (stated as approximately $80,671) for £482,516.32 gross. The engine never reads either field on a disposal, reducing the remaining cost basis pro-rata instead, so nothing here is double-counted; they are recorded because a sale price is the figure a reader will want to check against the announcement. 'Gross' is the company's own word: no fee or spread is disclosed, so net proceeds are not derivable and are deliberately absent rather than assumed equal to gross. The stated 18 BTC remaining folds exactly against the three acquisitions above (20 + 3 + 3 − 8), which is the check `reconcileTreasury` runs at build time. The announcement also values the retained 18 BTC at approximately £1,075,000; that is the company's mark on its own announcement date and is not recorded here, because the treasury value on every page is struck from the live price against the quantity in this ledger.",
      "kind": "disposal",
      "asset": "bitcoin",
      "quantity": 8,
      "unit": "BTC",
      "totalCost": 482516.32,
      "unitCost": 60314.54,
      "costCurrency": "GBP",
      "statedHoldingAfter": 18
    }
  ]
}