UK Gold Mining Company Bluebird Shifts to Bitcoin Reserve Strategy

Bluebird Mining Ventures, a UK-listed gold mining company, announced on the 5th that it plans to convert future revenues from its gold mining operations into Bitcoin (BTC). This marks the first time a UK-listed mining company has adopted a Bitcoin-prioritized financial management approach. The company owns three major gold mining projects located in South Korea and the Philippines, with a total estimated gold resource of approximately 1.8 million ounces. 'We plan to systematically convert income from gold mining projects into Bitcoin and adopt an aggressive financial management approach,' the company explained. In addition to revenue conversion, Bluebird intends to record Bitcoin as a long-term asset on its balance sheet...