Bitcoin

The US Department of War (historically the DoD) financing an Australian scandium miner underscores a broader trend of Western governments de-risking supply chains for advanced technologies. This is part of a larger industrial policy shift that could affect inflation expectations and geopolitical stability, both of which are macro drivers for risk assets like crypto.

Sunrise Energy Metals Ltd., an Australian scandium miner, secured up to $400 million in long-term debt financing from the US Department of War, causing its shares to soar.