Bluebird Mining Ventures Ltd., a Pan Asian Gold Project Development Company, recently, announced An important strategic shift. It is planning to convert future income from his gold mining projects in Bitcoin and Bitcoin as an assets of a treasury reserve.
“By adopting a ‘Gold Plus A Digital Gold’ strategy, it offers the company the opportunity to run the page and look at the future and attract a new type of shareholder,” said the executive director and CEO of Bluebird Aidan Bishop. “Under the leadership of a new CEO, once identified, it is my sincere hope that Bluebird will finally realize his ambitions for which it was initially established.”
The announcement comes as Bluebird progresses to an important agreement on its flagship Filipino project. In the coming weeks, the company expects to take out a deal that will give it a net profit interest during the entire lifetime of the mine, without continuous capital costs. The company said it is of the opinion that Bitcoin offers a modern alternative to traditional store of value activa such as gold.
“I am very happy with the progress of discussions in the Philippines that look very positive and, if successfully completed, will enable Bluebird to maintain a continuous exposure with zero future cash obligations,” Bishop said.
Bluebird plans to recycle income from his mining activities directly in Bitcoin, in accordance with what they describe as an innovative treasury approach. The company called Bitcoin’s fixed range of 21 million, which increases global acceptance and the role as a cover against inflation and monetary instability as important reasons for its decision.
“Combining income flows of gold mine projects and recycling this income in a proactive ‘Bitcoin in Treasury’ management approach …” the company said. “Companies that have taken over Bitcoin in their treasury strategy worldwide on public markets have a significant importance of investors and substantial premiums for net assets (NAV) that have challenged traditional financial statistics as the basis of appreciation.”
To lead this new phase, Bluebird is actively looking for a new CEO with experience in digital assets.
“On a personal level I started a trip some time ago to understand and learn Bitcoin,” Bishop added. “I am convinced that we witness a tectonic shift in the world markets and that Bitcoin will reform the landscape of financial markets at every level.”