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Panther Metals up 21% after $5.4M Bitcoin play to buy minerals and gold

cryptoweekly by cryptoweekly
June 24, 2025
in bitcoin, News
0

Panther Metals is planning a $5.4 million Bitcoin treasury and will use it as collateral to buy a mineral mining deposit in Canada and other commodities in the future.

Mineral exploration company Panther Metals Plc has announced a Bitcoin treasury strategy combining traditional mining assets with Bitcoin holdings, leading to a surge in its stock price on Monday.

In a statement, the UK-listed mining exploration company announced plans to buy 4 million British pounds ($5.4 million) in Bitcoin for a treasury account and strategy on Monday. 

The firm will use 1.3 million British pounds ($1.75 million) worth of Bitcoin (BTC) from its treasury as collateral to complete its acquisition of the Pick Lake mining deposit in Ontario, Canada.

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  • XLM's price to rocket like XRP, Trump’s big crypto nod: Hodler’s Digest, July 13 – 19
  • US Lawmaker sounds alarm on GENIUS bill, says it's a CBDC Trojan Horse
  • Macro drivers will dampen Bitcoin’s halving cycle — Tim Draper
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