Aquis-listed Stack BTC has signed nonbinding terms to acquire gold dealer DB London Ltd, trading as Direct Bullion, for up to £12 million. The proposed related-party reverse takeover is intended to use Direct Bullion's profits to fund Bitcoin purchases and increase Stack BTC's Bitcoin-per-share metric. Direct Bullion reported audited revenue of £52.1 million and post-tax profit of £2.15 million for the year ended Jan. 31, 2026, after three-year revenue growth of 288%. Completion depends on due diligence, definitive documents, AQSE approval and Stack BTC's readmission to Aquis's Access Segment, and there is no certainty the deal will close.