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BTC Backed Deal- Bitcoin Treasury Plan Sends Panther Stock Soaring
BTC Backed Deal– UK-listed mineral exploration firm Panther Metals Plc has revealed a bold move to integrate Bitcoin into its treasury management strategy. On Monday, the company announced plans to acquire £4 million (~$5.4 million) in Bitcoin, a decision that immediately boosted investor sentiment and drove its stock price 21% higher on the London Stock Exchange.
Bitcoin Used as Productive Capital
In a hybrid financing approach, Panther will deploy £1.3 million ($1.75 million) of Bitcoin from its treasury as collateral to finalize the acquisition of the Pick Lake deposit in Ontario, part of the wider Winston Project. According to the company, this structure allows them to “complete the Pick Lake acquisition whilst retaining total exposure to Bitcoin.”
Unlike many firms that passively hold BTC, Panther is positioning the digital asset as “productive capital”, aligning it with its ongoing mineral exploration strategy.
CEO Highlights Strategic and Inflation Hedge Benefits
CEO Darren Hazelwood emphasized the benefits of using Bitcoin in corporate finance:
In today’s inflationary environment and volatile capital markets, Bitcoin provides a unique hedge against fiat currency risk.
The Pick Lake property is described as a high-grade polymetallic resource within the Winston Project, which holds 85% of the project’s total known mineral resources.
Broader Trend: Corporations Embrace Bitcoin
Panther joins a growing list of companies turning to Bitcoin for balance sheet strength. This week, Grant Cardone’s firm purchased 1,000 BTC, while Michael Saylor’s Strategy and Japan’s Metaplanet increased their holdings to 592,345 BTC and 11,111 BTC, respectively.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
