UK Mining Firm ECR Minerals Announces Adoption of Bitcoin Treasury Strategy
According to a report by Jinse Finance, UK-listed company ECR Minerals plc (LON:ECR) has announced that its board of directors has approved a Bitcoin and digital asset financial management policy. Under this policy, ECR will hold a portion of its digital asset reserves through its wholly owned subsidiary, ECR Digital Limited. The policy stipulates that the company will allocate no more than 50% of its free cash flow from gold production to purchase Bitcoin as a long-term reserve. In addition, the company may invest up to 50% of its surplus cash in Bitcoin. The policy also allows the company to invest up to 15% of the 50% allocation in yield-generating digital assets such as Ethereum.
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