Bluebird Mining Ventures Ltd, a gold project developer in Asia, announced a transition to digital assets by signing a £2 million funding agreement aimed at Bitcoin acquisition.
Funding and New Chairman Appointment
The company signed a funding agreement that includes an immediate drawdown of £1 million upon contract finalization. All proceeds will be allocated for purchasing Bitcoin. This loan is offered at 0% interest, maturing on December 31, 2026. Concurrently, crypto-focused entrepreneur Sath Ganesarajah was appointed as Non-Executive Chairman.
Company's Combined Gold and Digital Asset Strategy
Bluebird plans to appoint a new CEO by July 2025 to lead its strategy combining physical gold mining with investments in digital assets. This unique approach has already been branded as 'physical gold + digital gold'. Ganesarajah stated that his goal is to grow the company into a £1 billion enterprise in the upcoming cycle.
Institutional Interest in Blockchain and Digital Assets
With rising institutional interest in blockchain, JPMorgan Chase has filed for a new service mark with the USPTO, indicating its intent to deepen engagement in digital assets and blockchain infrastructure. This underscores the accelerating convergence of traditional finance and crypto innovation.
By transitioning to digital assets, Bluebird Mining opens new avenues for growth and investment. Given the increasing interest from major financial institutions in blockchain, this move could significantly impact the market.
