The precious metals mining firm's CEO resigned causing experts' skepticism regarding the legitimacy of the deal
Nilam Resources announced a surprising plan to acquire a significant amount of Bitcoin, causing its stock to surge by 1500%. This move raised eyebrows due to the company's small market cap and was followed by the abrupt resignation of CEO Ron McIntyre. Market experts are questioning the legitimacy of the deal.
Nilam Resources of Peru has signed an LOI to purchase nearly 25K BTC worth over $1.7 billion at time of writing