- Bluebird Mining will turn gold profits into Bitcoin using a £2 million zero-interest loan.
- The firm finalizes a profit-sharing deal in the Philippines as part of its expansion.
- New CEO With Blockchain Expertise to Guide Bluebird’s Digital Asset Expansion
Bluebird Mining Ventures has secured £2 million to begin converting gold revenues into Bitcoin, shifting its treasury model. On June 25, London-listed Bluebird Mining Ventures Ltd. announced it had secured a £2 million interest-free funding facility, with £1 million available for immediate use. The funds are allocated to initiate the company’s Bitcoin-in-Treasury strategy.
The loan matures on December 31, 2026. It offers the lender an option to convert the debt into equity at 2 pence per share. This shift supports the company’s decision to hold Bitcoin as a long-term reserve instead of retaining gold profits in fiat.
This development comes as Bluebird finalizes a profit-sharing deal in the Philippines. The agreement grants Bluebird 10% profit shares along with bonus royalty payments from its gold operations.
Bluebird Pivots to a Dual-Asset Strategy
As part of its broader effort to reposition itself amid global financial shifts, Bluebird is managing operational and legal challenges abroad, while pivoting to a dual-asset strategy centered on Bitcoin and gold.
The company outlined that future gold income would be “recycled into a proactive ‘Bitcoin in Treasury’ management approach.” This marks a shift from conventional treasury operations. Instead of spending or holding earnings in cash, Bluebird will acquire Bitcoin as a digital asset reserve.
According to the update, the strategy is based on Bitcoin’s position as “digital gold.” The asset has a limited supply of 21 million coins, growing institutional adoption, and is widely regarded as a hedge against inflation, debt, and geopolitical instability.
Bitcoin Strategy Gains Momentum Across Markets
Bluebird’s shift reflects broader trends among UK-listed firms. Companies such as Smarter Web Company and TruSpine have recently adopted Bitcoin for their treasuries. Still, Bluebird becomes the first gold miner to take such a step.
The company noted, “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).”
By leveraging its access to both hard assets and digital assets, Bluebird aims to attract a broader range of investors, including those with a focus on cryptocurrency. With the funding secured, Bluebird now stands among traditional firms seeking new ways to protect and grow value in uncertain economic times.
Related: Bitcoin Rebounds to $105K; Can This Leg Take BTC Above 110K?
Leadership and Funding Align for Bitcoin Shift
Sath Ganesarajah, director of the funding vehicle and incoming non-executive chairman, praised the strategy. “Bluebird has the right ingredients—hard assets, public market access, and a clean slate,” he stated.
Aidan Bishop, interim CEO, added, “The initial funding to buy Bitcoin is also on great terms for shareholders, evidencing Sath’s confidence in the current underlying asset base and the future strategy.”
Bluebird plans to appoint a permanent CEO with expertise in digital assets by the end of July. This hire is expected to steer the company through this hybrid approach of mining and digital reserve accumulation. Bishop added that he began learning about Bitcoin some time ago and believes “we are witnessing a tectonic shift in global markets and that bitcoin will reshape the landscape of financial markets on every level.”As Bluebird combines gold mining revenues with Bitcoin storage, the firm raises a critical question: Can digital assets provide long-term security for companies traditionally tied to physical commodities?
