Summary
- UK-listed Bluebird Mining Ventures announced a plan to purchase $1.36 million worth of Bitcoin.
- Bluebird Mining stated it will utilize half of the £2 million in funds raised for Bitcoin purchases.
- Executive Director Aiden Bishop stated that the simultaneous investment in physical and digital gold strategy is the first of its kind in the UK.
UK-listed gold mining company Bluebird Mining Ventures has announced plans to purchase Bitcoin (BTC) worth £1 million (approximately $1.36 million).
According to Investing.com on the 25th (local time), Bluebird Mining announced in a press release that "As part of its Bitcoin reserve strategy, it has raised funds totaling £2 million ($2.72 million)," and "plans to use £1 million of this amount to purchase Bitcoin."
Aiden Bishop, Executive Director of Bluebird Mining, stated, "A strategy that invests simultaneously in physical gold and digital gold is the first of its kind in the UK."
Previously, Bluebird Mining Ventures had stated that it would convert mining revenue into Bitcoin and utilize it in its financial strategy.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
