A UK-listed gold miner is making a daring pivot towards digital belongings, asserting plans to transform future income from its operations into Bitcoin.
Bluebird Mining Ventures Ltd, which focuses on creating gold and silver tasks throughout Asia, stated Thursday it intends to develop into the primary publicly listed UK mining agency to undertake a Bitcoin-first treasury technique.
The transfer alerts rising curiosity amongst actual asset companies in utilizing Bitcoin as a reserve asset, a development that has picked up momentum in latest months as inflation considerations and digital asset legitimacy acquire floor.
Bluebird Outlines Technique to Retailer Worth in Bitcoin, Not Simply Gold
The miner stated its future earnings from gold mining tasks might be systematically recycled into Bitcoin, calling it a proactive strategy to treasury administration. The corporate added that it’ll preserve minimal company overhead to help this shift.
Technique shift to covert gold into digital gold – #bitcoin #goldmining #goldequities #investinbitcoin #investingold
"Combining earnings streams from gold mining tasks and recycling these revenues right into a proactive "Bitcoin in Treasury" administration strategy, while sustaining a… pic.twitter.com/BpJA6hFU9Y— Bluebird Mining Ventures Ltd (LSE:BMV.L) (@bluebirdIR) June 5, 2025
Along with changing income into Bitcoin, Bluebird plans to carry the digital forex on its stability sheet as a long-term reserve asset. The agency stated additional bulletins concerning this coverage would observe in the end.
UK Miner Balances Gold Operations with a Daring Bitcoin Pivot
Bluebird Mining Ventures, previously often known as Bluebird Service provider Ventures, focuses on reviving high-grade, low-capex gold mines in Asia. It operates by way of a three way partnership mannequin.
At present, its key belongings embrace the Gubong Gold Mine and the Kochang Gold and Silver Mine in South Korea. Each had been closed within the Nineteen Seventies as a consequence of a pointy decline in gold costs.
As well as, the corporate owns the Batangas Gold Mission within the Philippines. Underneath its JV mannequin, Bluebird provides technical management. In the meantime, its native companions present operational help and funding.
To date, the corporate has secured over $9m in dedicated capital. Out of this, $5m is allotted to Gubong and $2m to Kochang.
The miner is estimated to carry a complete useful resource of about 1.8m ounces of gold throughout all three tasks.
Furthermore, its management group brings expertise in creating gold tasks throughout Southeast Asia. They’ve additionally invested about $2m of their very own capital into the enterprise.
Bluebird is listed on the London Inventory Alternate below the ticker BMV. It operates with a lean group of round seven staff. Moreover, the corporate is registered within the British Virgin Islands and is at present led by Interim CEO Aidan Bishop.
This announcement positions Bluebird amongst a rising variety of firms contemplating Bitcoin as a substitute retailer of worth.
Whereas tech companies like MicroStrategy have pioneered this shift, Bluebird’s transfer exhibits that even conventional extractive industries are starting to undertake Bitcoin as a hedge and long-term asset.
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