Bluebird Mining Ventures Ltd., a UK-listed gold exploration company, has made headlines after announcing it will convert future revenues into bitcoin. This is the first time a UK mining company has committed to having a bitcoin treasury.
The news sent Bluebird’s stock flying, rising 63% to £0.6 in 48 hours.
Bluebird which has gold projects in South Korea and the Philippines says this is part of a broader plan to modernize how it manages its finances.
“By adopting a ‘gold plus a digital gold’ strategy, it offers the Company an opportunity to turn the page and look to the future and seek to attract a new type of shareholder,” said Aidan Bishop, Interim CEO and Executive Director.
The company’s management believes bitcoin’s rise as a financial asset reflects growing dissatisfaction with traditional stores of value like gold.
Gold has been a reliable hedge against inflation for centuries, but bitcoin is now being seen as a digital alternative – thanks to its limited supply and independence from central bank policies.
Related: Gold at Historic Low Against Bitcoin | A Paradigm Shift?
“Gold’s position as a store of value has been under threat due to the rising global adoption of bitcoin, which some commentators have described as ‘digital gold’,” Bluebird said in a statement.
The plan is simple. Revenue from Bluebird’s gold mining projects will be used to buy bitcoin. The company says this will allow it to preserve capital and have growth potential through exposure to the digital asset market.
The digital asset will be held on the company’s balance sheet as a long-term reserve asset, just like some companies hold gold or cash. Bluebird sees this as proactive, especially in today’s volatile world of inflation, high debt, and global geopolitical tensions. Bishop said:
“I am convinced that we are witnessing a tectonic shift in global markets and that Bitcoin will reshape the landscape of financial markets on every level.”
Bluebird Mining Ventures is a small but big-thinking company.
With 7 employees and operations across Asia, it’s focused on reopening high-grade gold mines that have been closed. Its main projects are the Gubong and Kochang mines in South Korea and the Batangas Gold Project in the Philippines.
In May 2025, the company renewed its mining permit in the Philippines and is finalizing a deal with its local partner to have a “free carry” — meaning it will hold a share of the future profits without putting in any more money.
At the same time, Bluebird is preparing legal action in South Korea to protect its existing assets there, so while it loves Bitcoin, it hasn’t forgotten its mining roots.
To lead this transformation, Bluebird is currently looking for a new CEO with Bitcoin experience. The company says the right leadership will be key to navigating this hybrid financial model that combines traditional resource extraction with modern financials.
