A gold mining company publicly traded in the UK is set to make a significant shift toward digital currencies, revealing plans to convert its future earnings into Bitcoin.
Bluebird Mining Ventures Ltd, which concentrates on the development of gold and silver projects across Asia, announced on Thursday its intention to become the first UK mining firm to implement a Bitcoin-centric treasury strategy.
This strategic transition reflects an increasing interest among companies in the real assets sector to incorporate Bitcoin as a reserve asset, a trend that has gained traction recently amid rising inflation worries and a growing acceptance of digital currencies.
Bluebird’s Initiative: Transitioning to Bitcoin for Value Preservation
The mining outfit stated that revenues from its gold mining operations will be systematically converted into Bitcoin as part of what it describes as an innovative approach to treasury management. The company emphasized that it would keep corporate overheads to a minimum to facilitate this transition.
Strategy shift to covert gold into digital gold – #bitcoin #goldmining #goldequities #investinbitcoin #investingold
“Combining income streams from gold mining projects and recycling these revenues into a proactive “Bitcoin in Treasury” management approach, whilst maintaining a… pic.twitter.com/BpJA6hFU9Y
— Bluebird Mining Ventures Ltd (LSE:BMV.L) (@bluebirdIR) June 5, 2025
In addition to converting revenue into Bitcoin, Bluebird intends to hold the cryptocurrency as a long-term reserve asset on its balance sheet. The company indicated that further details regarding this policy would be disclosed in the future.
UK-Based Mining Firm Balances Traditional Operations with Digital Innovation
Formerly known as Bluebird Merchant Ventures, Bluebird Mining Ventures focuses on revitalizing high-grade, low-capital expenditure gold mines in Asia through a joint venture structure.
Among its notable assets are the Gubong Gold Mine and the Kochang Gold and Silver Mine located in South Korea, both of which were shuttered in the 1970s following a dramatic drop in gold prices.
The firm also possesses the Batangas Gold Project in the Philippines. Under its joint venture model, Bluebird provides technical expertise, while its local partners supply operational support and capital.
As of now, Bluebird has successfully garnered over $9 million in committed capital, with allocations of $5 million designated for Gubong and $2 million for Kochang.
The company is estimated to hold approximately 1.8 million ounces of gold across its three projects.
Furthermore, Bluebird’s leadership team boasts extensive experience in developing gold projects throughout Southeast Asia, with its executives contributing around $2 million of their own funds to the business.
Listed on the London Stock Exchange under the ticker BMV, Bluebird operates with a small team of roughly seven employees. The company, which is registered in the British Virgin Islands, is currently overseen by Interim CEO Aidan Bishop.
This strategic announcement positions Bluebird alongside a growing cohort of companies exploring Bitcoin as a viable alternative for value preservation.
While technology firms like MicroStrategy have led the charge in this trend, Bluebird’s decision underscores a wider acceptance of Bitcoin as a hedge and long-term asset within even the more traditional extractive sectors.
The post Gold Miner Turns to Bitcoin: UK-Listed Bluebird to Convert Revenues Into Bitcoin appeared first on Finance Newso.
