UK Bitcoin Firm Stack BTC Plans $16M Gold Dealer Acquisition to Fund BTC Buys

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Stack BTC, a bitcoin-focused company backed by UK politician Nigel Farage, is eyeing a $16 million acquisition of a gold dealer. The deal is designed to leverage revenue from precious metals sales to finance the purchase of bitcoin holdings. This strategy mirrors a growing trend of companies using traditional asset cash flows to accumulate cryptocurrency. The proposed acquisition signals Stack BTC's intent to build a significant bitcoin treasury through unconventional funding routes.

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