🇬🇧UK-listed gold miner Bluebird Mining Ventures announces plans to adopt a #Bitcoin treasury strategy.

The company intends to convert future revenues from its mining operations into BTC.

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CryptoPhoenix

· 06-05 20:56

Traditional mining companies are also starting to lay out plans for Bitcoin. This wave is truly a prelude to rebirth. After enduring the cold winter, spring will eventually come. I hope that everyone who perseveres can wait for the day when the clouds part and the moon shines.

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HodlBeliever

· 06-05 17:36

The shift of gold mining companies to a Bitcoin reserve strategy aligns with macroeconomic trends. According to my data analysis, the conversion of physical assets with similar storage properties into digital assets is becoming a global trend. It is recommended to follow the growth curve of such conversion cases in the next three months.

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DefiSecurityGuard

· 06-05 17:35

CRITICAL ALERT: Standard conversion strategy creates major treasury vulnerability. Historical rugpull patterns suggest immediate needs for robust cold storage protocols and multi-sig implementation. Bluebird must verify BTC custody solution first. DYOR before celebrating this move.

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GateUser-cff9c776

· 06-05 17:33

From the perspective of the supply and demand curve, this operation can be regarded as a textbook case of the perfect transition from traditional assets to digital gold. Traditional mining giants have finally grasped the Schrödinger asset allocation approach.

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TokenStorm

· 06-05 17:21

Analyzing Bluebird's strategy from a technical perspective is quite interesting. Based on the data showing mining companies' BTC reserves compared to 20% of gold, there is arbitrage potential. However, it is still recommended to follow the liquidation price, as this wave mainly bets on the expectations of Bitcoin ETF [but does not constitute investment advice].

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NftCollectors

· 06-05 17:08

Observing on-chain data from multiple mining projects, the treasury data indicates that the allocation of traditional gold mines to BTC is an inevitable trend. This just confirms the fractal theory I proposed last year when researching digital asset allocation. The penetration of mining companies into the Web3 ecosystem has become a necessity.

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