Panther Metals Plans £4 Million Bitcoin Purchase for Treasury

Panther Metals PLC has announced its entry into Bitcoin treasuries, aligning with the "Bitcoin Sovereignty" model. Key points include:

Company shares rose by 22% following the announcement.
Plans to acquire £4 million ($5.3 million) worth of Bitcoin for treasury reserves.
Bitcoin will be used as collateral for a £1.3 million ($1.7 million) loan to finance the Pick Lake deposit acquisition in Ontario.
Partnership with CoinCorner for treasury account management.
Advisory from Evoke Solutions on treasury operations and security.
Hybrid treasury model combines Bitcoin with physical commodities like gold and copper.

Other companies adopting similar strategies include Cardone Capital, which purchased 1,000 BTC, and Japan’s Metaplanet, aiming for 210,000 BTC by 2027.

Panther’s approach emphasizes leveraging Bitcoin for acquiring real assets rather than solely holding it as a hedge.