Blue Gold Rises on Issuance of Gold-Backed Digital Assets
By Elias Schisgall
Shares of Blue Gold rose after the company said it had minted its first Standard Gold Coins, digital assets that correspond to one gram of physical gold.
Shares were up 6.5% to $4.40 in Monday morning trading. The stock has fallen 59% in the past 12 months.
The gold development and technology company issued one Standard Gold Coin to each of 100 individual holders, it said Monday, calling the issuance a milestone for its rollout of a gold-back digital asset framework.
"Gold has served as a store of value for thousands of years, but this minting brings it fully into the digital age in a way that preserves true physical ownership, verifiable backing, and the transparency that comes from being developed and operated by a U.S. publicly traded company," Chief Executive Andrew Cavaghan said.
The company said it had generated strong early demand for SGCs and that it would open them to public purchase in the near term.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
January 26, 2026 10:27 ET (15:27 GMT)
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