Search results for Stack BTC
Crypto
UK-listed Stack BTC seeks to buy precious metals seller Direct Bullion to fund bitcoin purchases
UK-listed Stack BTC is pursuing the acquisition of precious metals seller Direct Bullion to secure funds for additional bitcoin purchases. The company disclosed a non-binding proposal valued at up to 12 million pounds, combining cash, shares and performance-linked payments. Stack BTC said it plans to use operating cash flow to expand its bitcoin holdings and views gold as a physical asset similar to bitcoin. The deal would be a related-party transaction and a reverse takeover.
Crypto
Reform UK leader Farage discloses $2.5 million bitcoin purchase
Nigel Farage, a British lawmaker and leader of Reform UK, disclosed a $2.5 million bitcoin purchase. The transaction was carried out through London-listed bitcoin treasury firm Stack BTC Plc and was described as the first case of a sitting British member of parliament publicly buying bitcoin. Stack BTC said its holdings rose to 68.19 BTC from 21 BTC. The firm says it converts surplus capital into bitcoin after acquiring profitable UK businesses.
Crypto
Reform UK leader Nigel Farage makes strategic investment in bitcoin firm Stack BTC
Nigel Farage (나이절 패라지), leader of Britain\'s Reform UK, has made a strategic investment in bitcoin firm Stack BTC, The Block reported on March 9. Stack BTC completed a share funding round worth 260,000 pounds ($347,000), with Farage and Blockchain.com participating as investors. Farage secured a 6.3 percent stake through his investment company. Stack BTC said it will use the funds to accumulate bitcoin and buy profitable businesses.