Bluebird Mining Ventures into Bitcoin with £2 Million Funding
Bluebird Mining Ventures Ltd, a London-based gold miner, is making a bold move into digital assets. The company has secured a £2 million funding facility to buy Bitcoin.This strategic shift comes as Bluebird finalizes a gold profit-sharing deal in the Philippines.
On June 25, bluebird announced the funding facility, with £1 million available right away. The loan is interest-free and due by December 31,2026. The lender can convert the debt into Bluebird shares at 2 pence each. This funding will help Bluebird buy Bitcoin, marking its entry into digital asset holdings.
Bluebird Mining Ventures Ltd is expanding its focus to include digital assets. The company has secured a £2 million funding facility to buy Bitcoin. This move aligns with its gold mining operations.
The funding is structured as a zero-interest loan, maturing in 2026. The lender can convert the debt into Bluebird shares at 2 pence each. The funds will be used to purchase Bitcoin, diversifying its asset portfolio.
On June 25, the company finalized the funding deal. Half of the amount is available promptly. This step is part of Bluebird’s strategy to hold Bitcoin alongside its gold mining business. The timing is significant. just a day earlier, Bluebird announced a gold project agreement in the Philippines. The deal gives Bluebird a 10% profit share and bonus royalties. This agreement supports Bluebird’s plan to convert future gold revenues into Bitcoin.The loan matures in 2026. The lender can convert the debt into shares if thay choose. This funding will help Bluebird buy Bitcoin, marking its entry into digital assets. The loan matures in 2026. The lender can convert the debt into shares at 2 pence each. The company aims to use gold revenues for Bitcoin investments. This strategy aims to minimize corporate costs while boosting its digital asset holdings.
Bluebird’s move into Bitcoin complements its gold mining operations. the company plans to convert future gold revenues into Bitcoin. This strategy aims to minimize corporate overhead while diversifying its asset portfolio.
