Gem Resources PLC (LSE:GEMR) has approved a new policy allowing it to hold and manage cryptocurrencies as part of its corporate treasury, while stressing that its main business remains emerald mining in South Africa and Australia.
The London-listed miner said the move would let it accept payments for emerald sales in Bitcoin and other approved digital assets, with proceeds either converted to traditional currencies or held in line with board-approved risk limits.
The company described the decision as a way to “broaden its settlement universe” and add flexibility to its balance sheet amid rising global adoption of digital assets.
Under the policy, Bitcoin will make up at least half of Gem Resources’ crypto holdings, with the rest in Ethereum and Solana.
The company said it would maintain sufficient cash reserves in pounds and US dollars to cover operational and listing costs. A Hong Kong subsidiary, Gem Resources Limited, will oversee cryptocurrency operations and ensure compliance with local financial rules.
Safeguards include using “cold storage”, offline digital wallets for most holdings, multi-signature authorisation for transactions, and quarterly board oversight.
All crypto assets will be treated as intangible assets under accounting standards and fully disclosed in future financial statements.
Louis Ching, executive chairman, said: “My vision is to lead GEMR into new frontiers of value creation, and this Cryptocurrency Treasury Policy is a central pillar of that strategy. The ability to receive emerald sales proceeds in Bitcoin or other approved digital assets not only aligns GEMR with evolving market preferences but also enhances our global reach and capital efficiency.”
The company emphasised that the new policy does not represent a change of business or a move into crypto trading, describing the initiative as a treasury measure designed to strengthen resilience and improve capital flexibility.
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