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Panther Metals uses Bitcoin as a strategic asset, stock skyrockets.
Panther Metals Plc ( announced a Bitcoin accumulation strategy combined with traditional mining, causing PALM shares to rise 21% on Monday. The company will acquire 4 million GBP )5,4 million USD ( in Bitcoin and use 1.75 million USD BTC as collateral to complete the acquisition of the Pick Lake mine in Canada. CEO Darren Hazelwood stated that Bitcoin helps fund the project without diluting equity and serves as an effective hedge against inflation.