XCE's Decentralized Acquisition Strategy Turns Earnings into Bitcoin

Connecting Excellence Group (XCE) has signed binding Heads of Terms for its first proposed recruitment acquisition. The target is a specialist UK and U.S. recruitment business that generated £1.79 million in revenue and £431,000 in EBITDA over the last 12 months.

The deal's structure offers an interesting look at how an operating company can use M&A to turn earnings into Bitcoin. XCE wants to acquire profitable businesses, retain much of the earnings they generate, and expand the pool of internally generated capital available for growth and Bitcoin.

XCE is not simply looking to add scale; it's attempting to acquire growing, profitable businesses and bring them into a listed group with Bitcoin on its balance sheet. The company expects to pay £575,000 in initial cash consideration at completion.