Panther Metals Plc, a mineral exploration firm, has unveiled a Bitcoin treasury strategy that merges traditional mining assets with Bitcoin investments, resulting in a notable increase in its stock price. The UK-based company plans to invest £4 million ($5.4 million) in Bitcoin for its treasury. It will utilize £1.3 million ($1.75 million) of Bitcoin as collateral to finalize the acquisition of the Pick Lake mining site in Ontario, Canada. This strategy positions Bitcoin as 'productive capital,' allowing the company to maintain its Bitcoin exposure while expanding its physical commodity inventory, which includes critical minerals and precious metals. CEO Darren Hazelwood emphasized that this hybrid model enables the firm to fund high-quality mineral projects with less dilution to shareholders. The Pick Lake site is part of the larger Winston Project, known for its rich mineral resources. Panther's stock surged 21% on the London Stock Exchange, reflecting investor confidence in this innovative approach. Read more AI-generated news on: https://app.chaingpt.org/news

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