Issued on behalf of Spearmint Resources Inc.
VANCOUVER – USA News Group – As the inauguration of U.S. President Re-Elect Donald Trump draws near, a growing number of businesses are pivoting toward cryptocurrencies, shifting their focus from traditional treasury assets. Companies spanning across multiple industries are increasingly allocating parts of their cash reserves to bitcoin and other digital currencies in anticipation of the new administration. Meanwhile, rapid advancements in both AI and blockchain are reshaping the landscape, with major developments such as the appointment of David Sacks as the new AI and Crypto Czar and Gary Gensler’s resignation from the SEC. These shifts hint at a significant change in federal oversight of these transformative technologies. The market is already responding, making cryptocurrency-related stocks a focal point for investors, with notable diversification efforts seen in companies like Spearmint Resources Inc. (CSE: SPMT) (OTCPK: SPMTF) (WKN: A2AHL5), Acurx Pharmaceuticals, Inc. (NASDAQ: ACXP), BlackRock, Inc. (NYSE: BLK), PayPal Holdings, Inc. (NASDAQ: PYPL), and Semler Scientific, Inc. (NASDAQ: SMLR).
The article continued: It’s been just over a year since the SEC approved bitcoin spot ETFs, and their influence continues to ripple across international markets. In 2024, cryptocurrency was a key factor driving gains among the year’s top five tech stocks, especially following Donald Trump’s election victory in November.
Spearmint Resources Inc. (CSE: SPMT) (OTCPK: SPMTF) (WKN: A2AHL5), a company with flagship mining assets in antimony and also lithium, recently announced that it more than doubled its crypto holdings via additional purchases of Solana. Solana is a crypto-computing platform that aims to achieve high transaction speeds without sacrificing decentralization. It seeks to improve scalability through a different approach in the blockchain industry, combining a proof-of-history (PoH) consensus with the blockchain’s underlying proof-of-stake (PoS) consensus. This approach has attracted interest from a diverse range of traders, from small-scale individuals to institutional entities. Solana claims it can process around 50,000 transactions per second. Solana is both a cryptocurrency and a flexible platform for developers building decentralized applications (dApps) across various industries, including DeFi, gaming, non-fungible tokens (NFTs) and financial derivatives.
“In an effort to be as proactive as possible towards building shareholder value, management feels that diversifying into Solana specifically holds the highest potential for growth within the crypto space,” said James Nelson, President of Spearmint. “We are taking advantage of the dip and have recently made additional Solana purchases resulting in more than doubling our initial position. We intend to continue this crypto diversification plan of action for the foreseeable future and will update the market regarding this strategy in the short and long term.”
The move comes months after Spearmint announced its intention to diversify into crypto, back in November 2024, using a port of its cash on hand to dip into the crypto market.
It was also in November, that Spearmint broke into the antimony space, by acquiring the George Lake South Antimony Project in New Brunswick, consisting of 1,945 contiguous acres prospective for antimony.
“Year to date, antimony prices have more than doubled, making it one of the best performing commodities this year, said James Nelson, President of Spearmint, at the time of the acquisition. “This is a great addition to our stable of projects and being in Canada, it allows us to access flow through money if needed. These are truly exciting times for Spearmint and
Spearmint shareholders.”
Spearmint quickly followed up by rapidly expanding the project’s footprint, more than doubling the George Lake South Antimony Project’s acreage to 4,722 contiguous acres in mid-December. The new project is in the direct vicinity of the Lake George Antimony Mine in New Brunswick which was operated intermittently from 1876 to 1996 and was once the largest primary antimony producer in North America.
The aggressive move into the antimony space was Spearmint’s response to China’s ban of critical mineral exports to the USA, including antimony. As trade tensions escalate between the USA and China, their move clearly emphasized the urgent need for Western nations to secure reliable long-term sources of these critical minerals which are now at the forefront of the global supply chain crisis.
“This recent move by China is a clear signal of the importance for Western nations to explore for and develop a domestic supply of these critical minerals,” said Nelson. “Year to date [2024], antimony prices have more than doubled, making it one of the best performing commodities this year and this recent move by China will likely further exacerbate this price surge. Management is currently formulating a plan to begin work on the George Lake South Antimony Project.”
Spearmint also highlights its lithium holdings in Clayton Valley, Nevada, which show potential for both lithium clay and lithium brine. With growing interest in domestically sourced lithium projects, and recent data showing global EV sales are on the rise, Spearmint is optimistic about increased market attention in 2025.
Other recent industry developments and happenings in the market include:
Acurx Pharmaceuticals, Inc. (NASDAQ: ACXP), a late-stage biopharmaceutical company developing a new class of antibiotics for difficult-to-treat bacterial infections, announced in late 2024 that its Board of Directors approved the purchase of up to $1 million in Bitcoin to hold as a treasury reserve asset.
“As demand for Bitcoin grows, and so does its acceptance as a major and primary asset class, we believe that Bitcoin will serve as a strong treasury reserve asset for cash not needed over the next 12 to 18 months” said David P. Luci, President and CEO of Acurx. “With the recent approval of Bitcoin ETFs and the growing support from government agencies and institutional investors, it is a great addition to our treasury strategy. Its limited supply and inflation-resistant characteristics provide a functional store of value. This new treasury strategy is a finance strategy and has no impact on our overarching drug development plans.”
BlackRock, Inc. (NYSE: BLK), the world’s leading asset management company, reportedly spent $1 billion on bitcoins in December, triggering Wall Street sentiment of fear of missing out (FOMO). However, BlackRock also sparked a different kind of fear, when it put out a bitcoin explainer video that warned there’s “no guarantee” the digital currency’s 21 million supply cap won’t be changed in the future.
BlackRock’s acknowledgment that bitcoin’s supply cap might be altered has sparked concerns among some observers, who view this as evidence that BlackRock’s adoption of bitcoin could result in it being “hijacked.” However, bitcoin’s supply still remains capped at approximately 21 million, with the final bitcoins projected to be generated through the mining process by around the year 2140, more than a century away.
PayPal Holdings, Inc. (NASDAQ: PYPL), announced back in September that it would be enabling U.S. merchants to buy, hold and sell cryptocurrency from their business accounts. Back in 2020, PayPal joined the cryptocurrency market to allow customers to buy, sell and hold bitcoin and other virtual coins using the digital payments company’s online wallets, and in 2023 became the first major financial technology firm to embrace digital currencies for payments and transfers when it launched its dollar-backed stablecoin.
“Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers,” said Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies at PayPal.
Now in 2025, PayPal has managed to get FV Bank to integrate its PayPal USD (PYUSD) stablecoin for direct deposits and outgoing payments.
Semler Scientific, Inc. (NASDAQ: SMLR), a pioneer in developing and marketing technology products and services to healthcare providers to combat chronic diseases, announced back in November updates regarding its bitcoin activity and holdings, capital markets activity, and BTC yield, a key performance indicator.
Now in January 2025, Semler has acquired even more, taking their holdings to 2,321 BTC, and boasted a BTC Yield of 99.3% from July 1, 2024 onward. Bitcoin yield measures the ratio of BTC holdings to outstanding shares and sets BTC-per-share as a lodestar for corporate performance.
“Semler Scientific uses BTC Yield as a KPI to help assess the performance of its strategy of acquiring bitcoin in a manner Semler Scientific believes is accretive to stockholders,” said the company in the accompanying statement. “Semler Scientific believes this KPI can be used to supplement an investor’s understanding of Semler Scientific’s decision to fund the purchase of bitcoin by issuing additional shares of its common stock.”
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