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LONDON - Panther Metals Plc (LSE:PALM), a Canada-focused mineral exploration company, purchased one bitcoin as part of its recently announced strategy to create an investment hedge between traditional assets and cryptocurrency, according to a company press release issued Tuesday.
The company described the acquisition as the first in "a series of Bitcoin purchases" following the conversion of warrants. This move implements Panther’s strategy announced on June 23, which aims to provide a hedge between the company’s fiat currency-priced critical mineral and precious metal 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, Chief Executive Officer, in a statement.
The company, which primarily focuses on mineral projects in Canada, indicated this purchase represents a shift in its investment approach, combining its resource-backed business with exposure to digital currencies.
Panther Metals did not disclose the purchase price of the bitcoin or specify a timeline for additional cryptocurrency acquisitions mentioned in the release.
The announcement comes amid ongoing volatility in both cryptocurrency and traditional commodity markets, with the company suggesting its dual-asset approach provides "downside protection through real-world assets, and upside potential through digital currency exposure."
The bitcoin purchase follows the company’s strategic announcement made on June 23, 2025, titled "Combining Hard Assets with Digital Currency."
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