Stack BTC proposes up to $16M Direct Bullion deal to fund more BTC buys

London Stock Exchange-listed Bitcoin treasury company Stack BTC has proposed acquiring precious metals retailer Direct Bullion for up to 12 million pounds ($16 million) to secure cash flow for additional BTC purchases, CoinDesk reported. Stack BTC Chairman Kwasi Kwarteng said the strategy is to buy BTC directly through capital raising while also acquiring businesses and using the fiat currency they generate to purchase more BTC. Stack BTC currently holds about 68 BTC.