From gold to digital gold. Frequently, cryptocurrency users compare Bitcoin to digital gold. An analogy watches like Bitcoin, especially as Bitcoin has the same notion of rarity and total quantity finished. An analogy that seems all the more coherent, when you see companies specializing in gold mining announce « converting gold into digital gold ».
- Bluebird Mining Ventures has announced his desire to convert his mining income from gold to bitcoins, arousing enthusiasm by speaking of gold transformation into « digital gold ».
- The company hopes to attract investors by offering them an exhibition to Bitcoin through the traditional British markets, a first for a mining company listed on the UK.
Bluebird Mining Ventures wants to convert his gold to digital gold
For several years, many companies have started a strategy for diversifying their cash flows by betting on Bitcoin. In mind, we find Stratum (formerly microstrategy) which since 2021 and the launch of its strategy has accumulated nearly 581,000 BTC.
On June 5, the British company Bluebird Mining Ventures has announcement its will to do the same. A situation all the more interesting since it specializes in gold mining.
And his ad has something to make smile because the company declares a « Change of strategy to transform gold into digital gold ». A turn of sentence that has enough to delight bitcoiners.
« Society considers that there is an opportunity to improve its strategy by seeking to convert the future income of its bitcoin mining projects, that is to say by converting gold into » digital gold « . »»
In practice, it will convert the income from its gold extractions in South Korea and the Philippines in BTC. These bitcoins will be added to the company’s cash flow. An increasingly widespread maneuver, but which will be a first for a mining company listed on the stock market in the United Kingdom.
Objective: to attract investors
And it is not fooled. She saw that this strategy attracted a « significant interest in investors » for the companies that adopted it. Bluebird Mining Ventures thus hopes that some investors see a vector for exposing themselves to the BTC via traditional markets in the United Kingdom, through its actions.
In France, the company Interwarmer specializing in the real estate market has also adopted a Crypto strategy. However, while most of them bet on Bitcoin, she made the choice to bet on Ethereum. She saw the course of her action explode following the announcement.