Stack BTC plans to acquire a precious metals dealer for £12 million to fund cryptocurrency purchases, and OSL Group has established legal currency payment channels across five countries

According to BBX data, yesterday and in recent days, global listed treasury companies and digital asset trading platforms disclosed the latest developments in strategic mergers and acquisitions and fiat currency clearing infrastructure. The core information is as follows:

• Stack BTC plans to acquire precious metals dealer Direct Bullion for up to £12 million: Stack BTC, a Bitcoin treasury company under former UK Chancellor Kwasi Kwarteng, announced that it has officially signed a non-binding letter of intent to fully acquire the well-known UK precious metals dealer Direct Bullion for up to £12 million (approximately $16 million). The company clearly stated that this acquisition aims to obtain ample and stable cash flow income through the physical precious metals sales business and plans to continuously use all net cash flow generated by this business to increase its Bitcoin holdings in the secondary market.

• Banking Circle deepens cooperation with OSL Group, adding five major mainstream currency channels: Next-generation financial infrastructure service provider Banking Circle announced further deepened strategic cooperation with Hong Kong-listed stablecoin payment and trading platform OSL Group (00863.HK). Based on the existing euro clearing business between the two parties, Banking Circle has officially added multi-currency payment and clearing channels for five major fiat currencies: Australian Dollar (AUD), British Pound (GBP), Hong Kong Dollar (HKD), Singapore Dollar (SGD), and US Dollar (USD) for OSL, fully supporting OSL in accelerating the expansion of its B2B cross-border payment landscape for global institutional clients.