đ° UK Bitcoin treasury firm Stack BTC prepares to acquire London precious metals trader Direct Bullion. Didnât expect a company hoarding BTC to start eyeing traditional gold business.
đĽ This deal isnât just about cashing out: at closing, it will pay ÂŁ3 million in cash, approximately ÂŁ4 million in new shares, and an additional ~ÂŁ5 million in performance-based consideration. The issue price for the relevant shares will be no lower than 6 pence per share, with a four-year lock-up period.
đĄ Direct Bullion itself isnât a shell company. For the fiscal year ended January 31, 2026, audited revenue was ÂŁ52.1 million, post-tax profit was ÂŁ2.15 million, and three-year revenue growth was 288%. Stack BTCâs idea is straightforward: use this companyâs operating cash flow to support its Bitcoin treasury strategy.
đ That said, whatâs signed now is only non-binding terms. The transaction still needs to go through due diligence, a definitive agreement, AQSE and approvals from related companies, and it will constitute a reverse acquisition and a connected transaction. Honestly, the direction is quite interesting, but there are still a few hurdles before it can really take shape.
đ¤ If this acquisition gets completed, do you think youâd be more bullish on the âgold cash flow to feed BTCâ modelâor do you feel itâs too complex to put two different assets into one company?
#ćŻçšĺ¸ #BTCč´˘ĺş #éťé #ĺ ĺŻĺ¸ĺş
đĽ This deal isnât just about cashing out: at closing, it will pay ÂŁ3 million in cash, approximately ÂŁ4 million in new shares, and an additional ~ÂŁ5 million in performance-based consideration. The issue price for the relevant shares will be no lower than 6 pence per share, with a four-year lock-up period.
đĄ Direct Bullion itself isnât a shell company. For the fiscal year ended January 31, 2026, audited revenue was ÂŁ52.1 million, post-tax profit was ÂŁ2.15 million, and three-year revenue growth was 288%. Stack BTCâs idea is straightforward: use this companyâs operating cash flow to support its Bitcoin treasury strategy.
đ That said, whatâs signed now is only non-binding terms. The transaction still needs to go through due diligence, a definitive agreement, AQSE and approvals from related companies, and it will constitute a reverse acquisition and a connected transaction. Honestly, the direction is quite interesting, but there are still a few hurdles before it can really take shape.
đ¤ If this acquisition gets completed, do you think youâd be more bullish on the âgold cash flow to feed BTCâ modelâor do you feel itâs too complex to put two different assets into one company?
#ćŻçšĺ¸ #BTCč´˘ĺş #éťé #ĺ ĺŻĺ¸ĺş
