Bluebird Mining Ventures Ltd., a pan Asian gold challenge growth firm, just lately introduced a serious strategic shift. It plans to transform future revenues from its gold mining initiatives into bitcoin and undertake bitcoin as a treasury reserve asset.
“By adopting a ‘gold plus a digital gold’ strategy, it offers the Company an opportunity to turn the page and look to the future and seek to attract a new type of shareholder,” stated the Government Director and CEO of Bluebird Aidan Bishop. “Under the leadership of a new CEO, once identified, it is my sincere hope that Bluebird will finally realise its ambitions for which it was initially established for.”
The announcement comes as Bluebird progresses in the direction of a key settlement on its flagship Philippine challenge. The corporate expects to finalize a deal within the coming weeks that can grant it a web revenue curiosity all through the lifetime of the mine, with no ongoing capital prices. The corporate stated it believes bitcoin affords a contemporary various to conventional retailer of worth belongings like gold.
“I am very pleased with the progress of discussions in the Philippines which are looking very positive and will enable, if successfully completed, Bluebird to maintain an ongoing exposure with zero future cash commitments,” acknowledged Bishop.
Bluebird plans to recycle revenues from its mining operations straight into bitcoin, aligning with what they describe as an modern treasury method. The corporate cited bitcoin’s fastened provide of 21 million, rising world adoption, and position as a hedge towards inflation and financial instability as key causes for its resolution.
“Combining income streams from gold mining projects and recycling these revenues into a proactive ‘Bitcoin in Treasury’ management approach…” the corporate stated. “Companies that have adopted bitcoin into their treasury strategy globally across public markets have been enjoying significant investor interest as well as substantial premiums to Net Asset Value (NAV) that have challenged traditional financial metrics as a basis of valuation.”
To lead this new section, Bluebird is actively trying to find a brand new CEO with expertise in digital belongings.
“On a personal level, I embarked some time ago on a journey to understand and learn about bitcoin,” added Bishop. “I am convinced that we are witnessing a tectonic shift in global markets and that bitcoin will reshape the landscape of financial markets on every level.”
