Exchanges· ★★· bullish·

Farage-backed Stack BTC plans $16 million gold dealer purchase to buy bitcoin

  • —Stack BTC plans a $16 million deal to buy a gold dealer
  • —Cash flow from gold sales will go toward buying bitcoin
  • —The company is backed by British politician Nigel Farage
Why it matters: The deal continues the trend of creating corporate bitcoin reserves using income from traditional assets.
#BTC
Source: CoinDesk
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