Harrison Global Holdings (NASDAQ: BLMZ) shares jumped about 11–12% on Oct 17, 2025, trading near $0.22 [1] (up from around $0.19 the previous session [2]). A pre-market report noted a ~19% spike to $0.23 after hours [3]. – The company announced on Oct 17 a binding term sheet with White Lion Capital to execute a Bitcoin Purchase Agreement, formally launching a “Bitcoin Treasury Strategy” [4]. Harrison says this is meant to diversify its cash reserves and hedge inflation [5]. – Investor Sentiment: Technical indicators are mixed. GuruFocus notes BLMZ’s RSI is around 47 (neutral) and its annualized volatility is very high (~72%) [6] [7]. An AI-based model rates the stock a “Strong Buy”, citing 5 buy vs. 3 sell technical signals, and projects a ~3.5% gain over the next month [8] [9]. – Business Expansion: Earlier this week (Oct 13), Harrison unveiled plans to establish a ¥10 billion fund (≈$65M) with European partners to promote Korean and Japanese media content in Europe and South America [10]. Co-CEO Ryoshin Nakade said the collaboration “will significantly contribute to the expansion of excellent media content … into Europe and South America” [11]. On Sept. 19 the company detailed strategic moves including investments in Asian content (Myth Korea, Pokémon Center Korea) and biotech (Biotree) [12]. – Stock Forecasts: No Wall Street analysts cover BLMZ, but AI-driven forecasts suggest limited near-term upside. An Intellectia.ai model sees further gains (citing bullish technical signals) [13], while valuation charts imply a modest recovery (Long-term 2026 price ~$0.19–$0.22 [14]).
Harrison Global’s stock jumped sharply on Oct. 17 after the company announced a Bitcoin acquisition plan. In a press release, Harrison said it signed a binding term sheet with White Lion Capital LLC to establish a Bitcoin Purchase Agreement, marking the launch of a “Bitcoin Treasury Strategy” [15]. The company stated the move would diversify its treasury, hedge against inflation and add digital assets “alongside recent acquisitions in AI entertainment, health tech and blockchain” [16]. A company spokesperson explained, “Our Bitcoin Treasury Strategy is designed to not only support our capital preservation goals but also enhance long-term value for shareholders” [17].
The market reacted immediately. In pre-market trading Oct. 17, BLMZ shares surged ~19% to $0.23 [18]. By mid-day the stock was around $0.22, about +11.6% on the day [19]. (For context, BLMZ has been volatile: e.g. it leaped about +38.6% on Oct. 8 to $0.29 [20] before retracing.) Harrison’s market cap is still tiny (~$3M), so even small volume swings cause big percentage moves. This week’s Bitcoin news, combined with the prior Oct. 13 press release on media expansion, drove the gains.
Besides the crypto deal, Harrison Global also announced plans to push Korean and Japanese media overseas. In that Oct. 13 filing, the company said it is raising a ¥10 billion fund with European partners to localize anime, music, dramas, movies, fashion and other cultural content in Europe and Latin America [21]. Co-CEO Ryoshin Nakade touted the effort as a “collaboration between Korea and Japan in the media content platform business” that will “significantly contribute to the expansion of excellent media content IP from both countries into Europe and South America” [22]. (Harrison’s recent acquisitions — a majority stake in Myth Korea Inc. and stakes in online VTuber/voice-work ventures — tie into this strategy [23] [24].) In particular, the deal to acquire Myth Korea drew its own spotlight: Harrison said integrating Myth Korea “reinforces our business foundation in the South Korean market” and will help launch a new Pokémon card center in Busan [25].
Analyst/Expert Views: There is scant Wall Street coverage of BLMZ (no published price targets exist). However, market analysts are generally intrigued. For example, sector-newsletters like GuruFocus highlight Harrison’s new Bitcoin strategy as a bold pivot [26] [27]. GuruFocus reported the pre-market jump, noting BLMZ “surged 19.13%… reaching $0.23” after the term-sheet news [28]. Technical analysis is mixed: GuruFocus notes that BLMZ’s RSI is about 47 (neutral) [29] and institutional ownership is extremely low (~1.2%). Its volatility is off-the-charts (GuruFocus cites ~72% annualized) [30], indicating wild price swings. An AI-based forecasting model (Intellectia.ai) actually labels BLMZ a “Strong Buy”, pointing to multiple bullish signals and projecting a modest ~3–4% gain over the next month [31] [32]. Taken together, analysts say the rally is speculative: Harrison’s cash reserves and recent media deals position it for growth, but its financials remain challenging (deeply negative profit margins and a very low Altman Z-score) [33] [34].
Stock Forecasts: With no official analyst targets, investors rely on sentiment and technicals. Some algorithmic models predict a modest lift; for example, one analysis charts an expected 3.54% rise over the next month [35]. Longer-term projections (based on pattern matching) see BLMZ around $0.19–$0.22 by late 2026 [36]. Of course, these are speculative — the stock’s tiny size makes it hard to model.
Market Context: Harrison Global’s news comes amid a broad speculative rally in small caps and tech/media names. (For comparison, TS2.tech notes that stocks like Lloyds Banking Group have climbed ~50% year-to-date [37], reflecting generally bullish sentiment in certain sectors.) However, caution is warranted: Harrison’s moves into cryptocurrency echo a trend (several companies have announced similar “treasury strategies” this year), and such plays are often viewed as high-risk hedge.
Bottom Line: Harrison Global’s strategy appears two-fold: expand its niche media/content business globally (through acquisitions and funding) and diversify its balance sheet with Bitcoin. The latest announcements have boosted sentiment, but investors note the execution risks (board approvals, volatile crypto markets) and the company’s fragile finances [38] [39]. Retail investors will be watching upcoming SEC filings and trading data to see if these plans materialize. Meanwhile, technical traders will keep an eye on the chart: a close above the ~$0.23 level (Oct. 17 high) would be bullish, whereas a drop below the recent ~$0.19 support could signal a pullback.
Sources: Company and press releases (Access/MarketWire) [40] [41] [42]; market data and analysis (GuruFocus, TradingView) [43] [44]; AI forecast (Intellectia.ai) [45] [46]; technical/media commentary (GuruFocus, TS2.tech) [47] [48].
References
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