First bitcoin sale takes the treasury to 18 BTC
Summary
Hamak sold 8 bitcoin on 18 September 2026 for £482,516.32 gross, announced on 21 September, leaving 18 BTC. It is the first time the treasury has gone down.
Why it matters
The ledger had only ever stepped up — 20 bitcoin in July 2025, 23 in January 2026, 26 in February — and 8 of those 26 have now gone, 30.8% of the holding. The company reports £60,314.54 (approximately $80,671) per bitcoin, says the proceeds progress the Preliminary Economic Assessment at the Akoko Gold Project, retire part of its existing debt and fund general working capital, and states that "the sale is solely intended to address these short-term funding objectives and leaves Hamak's longer-term commitment to both gold and Bitcoin unchanged". Golden Bitcoin's reading: the per-share consequence is the figure to hold on to. The share count did not move over the same days, so the sale on its own took bitcoin per share from 5.133 sats to 3.554. Measured against the peak of 5.750 sats set on 18 February 2026 — the day of the last disclosed purchase — sats per share is down 38.2% as at 21 September 2026, once September's newly admitted shares are counted alongside the sale.
What happens next
The company's next disclosures on the Akoko PEA, which the proceeds are stated to progress, and on the debt the sale partly retires. For anyone watching the treasury rather than the mine, the open question is whether 18 bitcoin is a floor or a staging post: Chief Strategy Officer Mike Murphy is quoted saying "we retain 18 BTC and remain firmly committed to Bitcoin as a core part of our strategy", and no minimum holding is set anywhere in the announcement.
Risks or unresolved questions
"Gross" is the company's own word, and no fee or spread is disclosed, so net proceeds cannot be derived from the announcement and are not stated here. The announcement values the retained 18 BTC at approximately £1,075,000; that is the company's mark on its own announcement date, while every treasury figure on this site is struck from live prices against the quantity in the ledger, so the two will differ. The trade and the disclosure are three days apart, which is the gap this publication records both dates for. Nothing in the announcement says whether further sales are contemplated.
This article separates source-reported facts from Golden Bitcoin explanation. Always read the underlying announcement or research.
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