The listed gold mining company Bluebird Mining Ventures said on June 5 it has adopted a strategy of converting gold into digital gold.
Listed UK Miner to Convert Gold Income to Bitcoin, Stock Jumps
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Under the initiative, income streams from gold mining projects will be recycled into a proactive “ Bitcoin in Treasury” management approach. This strategy, which will be achieved while maintaining minimal corporate overhead, is a first for a publicly listed mining company in the U.K. Following the announcement, the mining company’s stock surged and was up more than 60% at the time of writing (June 5, 9 a.m. EST).
