This Tuesday, Stack BTC, backed by politician Nigel Farage, agreed to acquire precious metals dealer Direct Bullion through a reverse takeover valued at up to £12 million (approximately $16 million) on the Aquis Stock Exchange. The transaction includes an initial consideration of £3 million in cash, £4 million in shares, and up to £5 million subject to future performance-based operational milestones.
The move sets an operational precedent against traditional debt-issuance models: Stack BTC seeks to channel cash flow from physical gold trading—which reported £52.1 million in annual revenue and £2.15 million in net profits—to finance recurring Bitcoin purchases without aggressively diluting its shareholders.
The agreement remains subject to due diligence audits, AQSE regulatory approval, and the re-admission of its shares to the British stock market.
Source: https://www.aquis.eu/stock-exchange/announcements/5922780
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