Stack BTC, a bitcoin-focused company backed by Nigel Farage, is planning to acquire a gold dealer for $16 million, according to CoinDesk. The proposed transaction is intended to connect precious-metals sales with the company’s bitcoin accumulation strategy. Stack BTC plans to use cash flow generated by the gold dealer’s operations to build its bitcoin holdings. The acquisition remains a proposal, and the source material does not provide further details on the target, transaction terms or timing. The plan places bitcoin buying alongside a business focused on gold sales, linking exposure to the two assets through the proposed acquisition. Market participants tracking BTC and gold-related developments may monitor the proposal for additional information on its completion and the pace at which operating cash flow could be directed toward bitcoin purchases.
Source
CoinDesk
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