LATEST: Public Gold Miner Firm ECR Minerals Plans To Buy Bitcoin For Reserves

ECR Minerals plc (LON: ECR), a gold exploration and development firm focused on Australia, has announced a major step into the digital finance space by adopting a Bitcoin and Digital Asset Treasury Management Policy. The move aligns with the company’s long-term vision as it eyes revenue generation from projects like the Blue Mountain gold site in Queensland.

Under the new policy, up to 50% of ECR’s free cash flow from gold production and surplus cash may be used to acquire BTC, with strict security protocols including regulated custodians and offline cold storage. The company will not engage in speculative trading or derivatives, maintaining a focus on long-term value. A small portion of its treasury may also be allocated to high-tier digital assets like Ethereum, provided they yield returns that are reinvested in BTC.

Chairman Nick Tulloch highlighted the shift in global financial thinking and the flexibility digital assets offer, especially for multi-currency businesses. ECR aims to position itself at the forefront of financial innovation while maintaining its core focus on gold exploration and development.

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