The Board of Directors of the British company ECR Minerals, trading on the London Stock Exchange and engaged in gold mining in Australia, approved the investment in bitcoins up to 50% of the free cash flow from gold mining, as well as excess cash reserves.

Other digital assets located on the first lines of the cryptocurrency rating can also enter the company reserve, the board of directors decided. He forbade the speculative trading in bitcoin and crypto trading with the use of credit shoulder – this can reject the company’s course from the long -term ownership of digital assets.

The treasury reserves are going to store the subsidiary of ECR Digital. In addition, ECR Minerals will select an adjustable castodial service registered in the UK financial supervision department (FCA). Additional safety measures are spelled out: the mandatory storage of crypto activists in wallets with multi -signatures – at least two people approved by the Board of Directors will be required. In order to avoid cyber attacks, the company’s crypto -cutter should be in cold wallets.

The ECR minirals management is confident that the cryptocurrency reserve will help to insure yourself from the risks of oscillations of gold prices. The Board of Directors came to the conclusion that Bitcoin will simplify international transactions. The company said that buying bitcoins does not mean departure from the main activity – gold mining and exploration.

“The attitude to money and financial systems is changing, and in recent years, digital assets have become a preferred payment tool. Our gold mining project in Queensland Blue Mountain can generate a cash flow for our storage of bitcoins and digital assets, ”said Nick Talloch, chairman of the ECR Minerals board of directors.

A few months ago, the Brazilian fintech company Méliuz made large investments in Bitcoin, having bought 45.72 BTC for $ 4.1 million for long-term storage. The company plans to make bitcoin the main treasury asset.