Summary
- Bluebird Mining Ventures has announced the formalization of a strategy to convert gold mining revenue into Bitcoin.
- The company stated it is pursuing a combined strategy for gold and digital gold (Bitcoin) as gold mining development projects advance in the Philippines.
- The goal is to secure new investor groups and expand the shareholder base by operating both traditional assets and virtual assets.
The United Kingdom-based gold mining development company, Bluebird Mining Ventures, announced that it will simultaneously adopt Bitcoin (BTC) as a financial asset.
According to financial analysis platform TipRanks on the 5th (local time), Bluebird Mining Ventures has formalized a plan to convert its future gold mining revenue into Bitcoin and hold it as such. The company explained that as its gold mining development projects advance in the Philippines, it plans to hold gold mining revenue in Bitcoin.
Bluebird Mining Ventures stated, "With a strategy that combines gold and digital gold (Bitcoin), we will secure new investor groups and expand our shareholder base." The company added that it will adopt a financial management approach that invests in both traditional assets and virtual assets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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