Bluebird Mining Embraces Bitcoin as Treasury Reserve

UK-based mining company Bluebird Mining is making a significant shift in its financial strategy by adopting Bitcoin as its treasury reserve. The company plans to convert all future gold revenue, totaling 1.8 million ounces from projects in South Korea and the Philippines, into Bitcoin. This bold move marks a new era for traditional mining companies as they embrace Bitcoin as an alternative to fiat currency reserves. This decision reflects a broader trend where businesses are seeking protection against inflation and volatile currencies by diversifying their portfolios with cryptocurrencies.