Bluebird Mining Ventures Ltd., a London-Gented Gold Exploration Company with activities in Asia, has unveiled plans to hire Bitcoin as part of the strategy for the treasury management.
The company announced the relocation on 5 June in one after On X (formerly Twitter), which indicates a significant deviation from the traditional capital allocation models in the British mining sector.
The company plans to channel income from its gold mine projects to BTC.
According to the company, combining income of physical gold with digital assets such as Bitcoin offers a progressive approach to capital retention and growth. It is also intended to maintain Lean Business Overhead to improve efficiency.
To support this transition, Bluebird confirmed that it is looking for a new CEO with expertise in digital assets.
In the meantime, Aidan Bishop, the company -CEO of the company, said that the strategy is a reaction to important shifts in global financing. He described Bitcoin as a transforming power and emphasized the potential of combining traditional and digital stores of value.
According to Google Finance factsThe company’s share price rose by approximately 60% to 0.39 after the announcementment.
Why the golden miner turns to Bitcoin
In a share talk reportRecognized Bluebird The long -term role of Gold as a value storage, with reference to its industrial applications and global demand from central banks.
Nevertheless, it noted that Bitcoin is increasingly seen as a superior alternative because of its digital nature and limited delivery.
According to the company:
“The position of Golds if a store of value is threatened because of the rising global acceptance of Bitcoin, which some commentators have described as ‘digital gold’ and many even have his superiority about gold as a store of value.”
Bluebird also mentioned growing concern about inflation, high debt levels and the geopolitical risk as important factors behind the rise of Bitcoin. These factors have encouraged different companies to keep the Bellwether Asset in their treasury.
In exchange, many of these companies have received increased attention from investors and substantial premiums from traditional activities.
Bluebird sees the opportunity to separate by entering the digital assets space. The company is of the opinion that the current market rating early investors offers an attractive access point compared to peers who have already accepted similar models.
Aidan stated:
“By adopting a ‘Gold Plus A Digital Gold’ strategy, it offers the company the opportunity to run the page and look at the future and attract a new type of shareholder.”
