Stack BTC to Acquire Gold Dealer for $16 Million, Using Cash Flow to Increase Bitcoin Holdings

BlockBeats news, September 15: Stack BTC plans to acquire UK precious metals dealer Direct Bullion for up to $16 million, and intends to use its business cash flow to continuously increase its Bitcoin holdings.

The total transaction price is up to £12 million (approximately $16 million), including £3 million in cash, approximately £4 million in Stack BTC shares, and up to £5 million in performance-linked cash payments. The acquisition remains a non-binding agreement, subject to completion of due diligence and execution of a definitive agreement, and constitutes a reverse takeover due to the related-party relationship.

Direct Bullion reported revenue of £52.1 million and after-tax profit of £2.15 million for the fiscal year ending January 2026. Stack BTC stated that this is its first time funding Bitcoin purchases through the acquisition of a profitable business and the use of operating cash flow.

Stack BTC is backed by UK Reform Party leader Nigel Farage and currently holds approximately 68 BTC, valued at approximately $5.2 million. Farage previously invested £215,000 through his company Thorn In The Side, holding approximately 6.3% of Stack BTC shares.