Bluebird Mining Ventures Ltd, a London-listed gold miner, is accelerating its shift toward digital assets with the securing of a £2 million funding facility aimed at purchasing Bitcoin. The move comes as the company finalizes a gold profit-sharing agreement in the Philippines.
Announced on June 25, the facility provides £1 million in immediate capital and is structured as a zero-interest loan maturing on December 31, 2026. The lender also has the option to convert the debt into Bluebird shares at a rate of 2 pence per share.
The proceeds will be used to initiate Bluebird’s Bitcoin Treasury strategy, marking its first step into digital asset holdings alongside its traditional focus on gold mining.
The funding aligns with Bluebird’s June 24 announcement that it is nearing completion of a gold project agreement in the Philippines. Under the terms of the deal, Bluebird will receive a 10% profit share along with bonus royalty payments. This arrangement supports the company’s broader strategy—announced on June 5—to convert revenues from gold production into Bitcoin as part of a long-term treasury management approach, while keeping corporate overhead lean.
