Nigel Farage-backed Stack BTC plans to acquire a gold dealer for $16M, using cash flow from precious metals sales to fund its Bitcoin holdings

The proposed deal is structured as up to 12 million pounds ($16 million): 3 million pounds in cash, roughly 4 million pounds in shares at completion, and 5 million pounds in performance-linked cash payments, with shares issued at a minimum of 6 pence under a four-year lock-in. Because Stack director Paul Withers controls Direct Bullion's seller, the transaction is related-party and constitutes a reverse takeover, pending due diligence. Direct Bullion posted 52.1 million pounds in revenue and 2.15 million pounds in after-tax profit for the year ended January 2026. Executive chairman Kwasi Kwarteng described it as part of the company's "twin pillar strategy."

✨ AI summary of the linked source — not editorial content.

Explore the topic

• Metals
• BTC
• Acquisition
• Bitcoin