Panther Metals Acquires $5.4 Million in Bitcoin for Mining Venture

Panther Metals Plc, a UK-listed mineral exploration firm, has unveiled a new treasury strategy that integrates Bitcoin with its traditional mining assets. This move comes as more corporations are diversifying their portfolios by incorporating Bitcoin, which is expected to boost early-stage projects like Bitcoin Pepe.

Panther Metals plans to acquire £4 million (approximately $5.4 million) worth of Bitcoin as part of its treasury management strategy. The company will use £1.3 million ($1.75 million) of its Bitcoin holdings as collateral to finalise the acquisition of the Pick Lake mining deposit in Ontario, Canada. This approach allows the company to complete the acquisition while retaining its total exposure to Bitcoin, treating it as "productive capital" rather than holding it passively.

The firm's physical commodity portfolio, which includes critical minerals, gold, and other precious metals, will continue to expand with support from the Bitcoin treasury. Panther Metals also intends to grow its Bitcoin holdings over time. CEO Darren Hazelwood highlighted that this hybrid approach enables the company to finance high-quality mineral projects while minimising shareholder dilution, benefiting from the comparatively favourable financing terms in the digital asset space.

The Pick Lake deposit is part of the broader Winston Project, which hosts about 85% of the project’s overall mineral resources. The Winston deposit is described as an advanced-stage polymetallic property, rich in zinc, copper, and precious metals. It offers potential for high-grade mining redevelopment and resource expansion. Zinc, in particular, is considered a critical mineral due to its importance in steel galvanisation and battery technology. Hazelwood stated that by combining the “stability of physical resources with the flexibility of digital capital,” the company aims to build a resilient business capable of navigating various market cycles.

Panther Metals is not alone in integrating Bitcoin into its treasury strategies. Earlier this week, real estate investor Grant Cardone announced the purchase of 1,000 BTC for his firm’s treasury. Established Bitcoin advocates such as Michael Saylor’s Strategy and Japan-based Metaplanet continue to increase their holdings, now at 592,345 BTC and 11,111 BTC, respectively.

Bitcoin Pepe is establishing itself as a notable player in the cryptocurrency market by combining meme-inspired branding with a focus on tangible utility and infrastructure development. Unlike many meme tokens that primarily depend on social media buzz, Bitcoin Pepe is pursuing a defined technical roadmap. This structured direction appears to be attracting investor interest, with Bitcoin Pepe having raised more than $15 million during its ongoing presale phase. The project’s team has announced that its native token, BPEP, is set to be listed on the cryptocurrency exchanges MEXC and BitMart. These listings are anticipated to improve the token’s visibility, trading liquidity, and perceived legitimacy as it moves closer to a wider market launch. An official announcement regarding the exchange listings is expected on June 30. In parallel, the team is working to establish additional partnerships with centralised exchanges (CEXs) to support BPEP’s rollout. To reward early supporters, all existing holders of the BPEP token will receive a 30% bonus on their current holdings.