The proposed acquisition would use cash flow from precious metals sales to build bitcoin holdings.
Source: CoinDesk
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DW NOTE
Stack is buying cash flow from a legacy business to fund a speculative bet on an unrelated asset. That works until gold dealers stop generating cash or bitcoin stops going up. Usually whichever happens first happens when you least want it to.
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The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.
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