Panther Metals buys bitcoin as part of hedging strategy
Panther Metals () has purchased of one bitcoin, following the conversion of £80,000 worth of warrants at an exercise price of 75p.
Panther’s shares have more than doubled in price since it announced a three-way transaction to acquire the Winston project, a significant base and precious metals asset in Canada.
The purchase of the bitcoin is designed to provide an investment hedge between fiat currency priced critical mineral and precious metal focused assets and digital cryptocurrency.
"Panther Metals is executing on a bold and innovative strategy to position ourselves as a true hedge between traditional fiat money markets and the rapidly evolving digital currency space,” said Darren Hazelwood, Panther’s chief executive.
“In an era defined by volatility and transformation, our company stands uniquely positioned - not only as a resource-backed business with tangible physical assets, but now also as a strategic bridge into bitcoin and the digital financial ecosystem. This dual-pronged structure gives Panther Metals an unprecedented edge: downside protection through real-world assets, and upside potential through digital currency exposure. Panther is no longer just participating in the market - we are redefining what a modern resource company can be.”
View from Vox
Is this the answer to the conundrums that have been vexing the junior mining markets for years? Everyone knows the financing model for junior miners is dysfunctional. Adding in a bitcoin twist might make all the difference. It’s not just the additional hedge against governments monkeying around with fiat. It also looks to the future, and it brings back a significant portion of the speculative investment audience who left junior mining to pursue their dreams in cryptocurrency.
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