- Panther Metals uses Bitcoin as collateral to fund mineral acquisition without selling BTC.
- Panther adopts hybrid treasury combining Bitcoin with physical minerals for asset diversification.
- Panther’s Bitcoin strategy lifted shares 22%, joining firms integrating crypto into treasury assets.
Panther Metals Plc, a mineral exploration company focused on Canadian assets, has announced the establishment of a Bitcoin treasury account to support its upcoming acquisition of the Pick Lake deposit in Ontario. The company opened the Bitcoin Treasury account with CoinCorner Ltd, a Bitcoin services provider headquartered in the Isle of Man.
Panther plans to hold £4 million ($5.3 million) worth of Bitcoin as part of its treasury reserve. The firm will use a portion of these holdings as collateral to secure a loan that will finance the mineral asset purchase.
Panther’s strategy involves using its Bitcoin holdings to back a £1.3 million ($1.7 million) loan. This allows the company to finance the Pick Lake purchase without liquidating its entire Bitcoin reserve. This approach enables Panther to retain full exposure to Bitcoin while unlocking liquidity needed for its mineral exploration activities.
The funding of Panther’s Bitcoin treasury will come from two sources: conversion of monies from existing warrants and additional capital raised through the markets. Once these funds are secured, Panther will proceed with the acquisition financing, leveraging its Bitcoin holdings through a secured loan facility arranged with CoinCorner.
Governance and Security Oversight by Evoke Solutions
To ensure the Bitcoin treasury’s operational integrity, Panther has engaged Evoke Solutions, a UK-based Bitcoin consultancy. Evoke Solutions will advise on governance structures, security protocols, and operational setup, helping Panther implement best practices for managing digital assets. This partnership reflects an effort to maintain proper oversight and risk management in handling Bitcoin on the corporate balance sheet.
Panther’s Bitcoin treasury approach represents a hybrid model that combines cryptocurrency reserves with traditional physical commodities such as gold, copper, and zinc. This contrasts with companies like Strategy, which have pursued aggressive Bitcoin accumulation as their primary treasury asset. By pairing digital assets with critical mineral holdings, Panther seeks to create a diversified balance sheet that reflects both decentralized capital and tangible resources.
Market Reaction and Industry Trends
In the wake of the announcement, Panther Metals’ shares increased by 22%, thus indicating that investors approve both the Bitcoin incorporation and the company’s plan to raise financing. Panther has become part of a list of publicly listed corporations that integrate Bitcoin into treasury management. Some other outstanding ones are MicroStrategy, Metaplanet, and Nakamoto Holdings.
Similarly, a real estate business firm, Cardone Capital, declared its purchase of 1,000 Bitcoins. It will add up to 4,000 BTC in the future, with the goal of integrating real estate with digital assets.
