Bluebird Mining Ventures Ltd (LSE: BMV), a UK-listed gold exploration and development company, is making a bold move into the digital asset space with a newly secured £2 million funding facility to accumulate Bitcoin. The strategic pivot comes as the company also finalizes a lucrative gold project agreement in the Philippines signaling a dual-track approach to commodity and crypto-based revenue growth.
Bitcoin Treasury Strategy Gets Major Backing
In an announcement on June 25, Bluebird revealed it has secured a £2 million zero-interest loan facility, with £1 million available immediately. The loan matures on December 31, 2026, and includes a conversion option that allows the lender to acquire Bluebird shares at 2 pence per share, reflecting investor confidence in the company’s transformation roadmap.
The capital infusion will fund Bluebird’s initial Bitcoin purchases, marking the company’s formal entry into the realm of digital assets. This Bitcoin acquisition strategy is a key pillar of Bluebird’s newly articulated treasury management plan one that seeks to leverage gold-derived income to build a long-term Bitcoin reserve.
Strategic Gold Deal in the Philippines
The timing of the funding aligns with Bluebird’s June 24 announcement that it is finalizing a profit-sharing agreement in the Philippines. Under the deal, Bluebird will receive 10% of project profits, plus bonus royalty payments, from an undisclosed local gold operation. The agreement strengthens the company’s cash flow base, which it plans to actively convert into Bitcoin as part of its forward-looking strategy.
As first outlined on June 5, Bluebird aims to create a Bitcoin-in-Treasury reserve model, using cash generated from traditional mining assets to build exposure to digital sound money while keeping operational costs lean.
A Hybrid Commodity-Crypto Model
This dual focus on gold production and Bitcoin accumulation is gaining traction among forward-thinking commodity players seeking to diversify reserves and future-proof balance sheets. With this move, Bluebird joins a growing cohort of firms like The Smarter Web Company and The Blockchain Group, who are increasingly incorporating Bitcoin into their long-term corporate strategies.
In a statement accompanying the funding news, Bluebird reiterated its vision to “combine natural resource revenue with a digital store-of-value treasury model,” underscoring its intent to stay agile in a volatile global financial landscape.
What’s Next for Bluebird?
With Bitcoin up 1.73% on the day and market sentiment turning bullish, Bluebird’s first BTC purchases could align favorably with short-term price momentum. Meanwhile, finalizing the Philippine gold project will likely unlock additional income streams by year-end, further fueling its Bitcoin treasury ambitions.
As traditional mining companies evolve to embrace decentralized assets, Bluebird’s strategy could serve as a playbook for others looking to bridge the old and new monetary systems.
