On the 15th, Stack BTC, a UK-listed company backed by Nigel Farage, leader of the Reform UK party, and known for holding and accumulating Bitcoin (BTC), announced a proposal to acquire the precious metals sales company Direct Bullion for up to £12 million. The acquisition funds will be sourced from the cash flow generated by its business operations, with the intention of increasing its Bitcoin holdings.
The non-binding proposal includes £3 million in cash, along with issuance at the time of completion...