Nigel Farage-backed Stack BTC eyes $16 million gold dealer deal to fund bitcoin buy

Stack BTC, a firm backed by Nigel Farage, is reported to be pursuing the acquisition of a gold dealer in a transaction valued at around $16 million. The proposed purchase would make the precious-metals business an operating arm of Stack BTC. Under the plan, revenue generated from sales of gold and other precious metals would be directed toward buying bitcoin. Rather than relying solely on capital markets or debt, the deal envisions using ongoing cash flow from the acquired dealer to fund cryptocurrency accumulation. The approach links a traditional commodity business with a strategy to grow bitcoin reserves, effectively turning a physical-goods revenue stream into a source of crypto investment. Stack BTC’s move illustrates a funding model in which operating profits from one asset class are repurposed to build holdings in another. Details on the identity of the gold dealer, timing of the transaction, and financing structure beyond the stated use of precious-metals cash flow have not been disclosed.