Bluebird Mining is accelerating its pivot to digital belongings with a £2 million funding facility to purchase Bitcoin, timed simply because it finalizes a gold profit-sharing settlement within the Philippines.
On June 25, Bluebird Mining Ventures Ltd, a London-listed gold miner, has secured a £2 million funding facility, with £1 million accessible instantly, to start implementing its Bitcoin Treasury technique.
The ability is structured as a zero-interest mortgage, maturing on 31 Dec. 2026, with the choice for the lender to transform the debt into Bluebird shares at 2 pence per share.
The funds might be used to buy Bitcoin (BTC), marking the corporate’s entry into digital asset holdings alongside its core enterprise in gold mining.
The timing of the funding coincides with Bluebird’s June 24 announcement that it’s finalizing a gold venture settlement within the Philippines. Below the deal, the corporate will obtain a ten% revenue share and bonus royalty funds. This aligns immediately with Bluebird’s just lately acknowledged technique to convert future gold revenues into Bitcoin.
As the corporate introduced on June 5, it plans to mix revenue streams from its gold mining tasks and recycle these revenues right into a proactive Bitcoin-in-Treasury administration method, whereas sustaining minimal company overhead.
