Gold miner Bluebird ditches old school, and adopt Bitcoin

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Bluebird Mining Ventures, a UK-listed gold miner will convert future gold revenues into Bitcoin.

A move that’s got the old-school gold crowd raising their eyebrows. Gold to Bitcoin, a full-on treasury makeover. Peter Schiff in disbelief, probably.

Treasury asset in the UK

It’s worth to mention Bluebird’s not some crypto newbie either, but they’re stepping up as the first UK-listed mining company to adopt what they call a Bitcoin-first treasury strategy.

It’s a slick, proactive way to manage their cash, keeping overhead low while riding the wave of crypto.

Inflation’s been gnawing at everyone’s wallets, and Bitcoin’s been gaining street cred as a legit store of value. Bluebird’s jumping on that train, no hesitation.

Gold, the material one and the digital

Every dime they rake in from gold mining projects, think Gubong and Kochang mines in South Korea, and the Batangas Gold Project in the Philippines, is getting flipped into Bitcoin.

And they plan to hold Bitcoin as a long-term reserve asset on their balance sheet. It’s like swapping out your dusty old filing cabinet for a sleek, high-tech vault.

Bluebird’s no small-time player. They’ve got about 1.8 million ounces of gold resources across their projects, and they’re running things lean with just seven employees.

The company’s got skin in the game too, the leadership has invested around $2 million of their own cash.

With over $9 million in committed capital, they’re serious about reviving these old mines and backing it up with Bitcoin.

Shine

Bluebird’s move signals a bigger trend, traditional industries, even extractive ones like mining, are warming up to Bitcoin as a hedge against economic uncertainty.

Strategy might have blazed the trail, but Bluebird’s showing that even the gold miners are ready to dance with Bitcoin.

So, next time you’re stuck in a meeting wondering if your company’s stuck in the past, remember Bluebird.

They’re turning gold into Bitcoin, proving that even the oldest industries can get a fresh, bold spin. And that, my friends, is something to smile about.


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

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