UK gold miner to convert gold into bitcoin

British mining company Bluebird Mining Ventures has announced its decision to transfer future profits from mining into Bitcoin, declaring it a new reserve asset.

The company itself calls this strategy a transition from “physical gold to digital gold,” emphasizing the similarity of the functions and value of these assets in the long term. The company is currently developing projects in South Korea and the Philippines, where total gold reserves are estimated at approximately 1.8 million ounces. Bluebird shares are traded on the London Stock Exchange under the ticker BMV, providing transparency and investor access to the company’s financial results.

In their statements, Bluebird representatives noted that they plan to hold bitcoin on their corporate balance sheet as part of their long-term financial policy. In their opinion, this approach will preserve the real value of capital, reduce operating costs and attract the attention of investors who have already seen the successful experience of similar companies that have implemented bitcoin into their treasuries.

To implement this strategy, the management announced a search for a new CEO - a specialist with experience working with digital assets and understanding their role in modern economic models. This decision indicates the company's serious intentions not only in terms of mineral extraction, but also in terms of forming a new approach to capital management based on decentralized assets and long-term financial planning.