UK mining company ECR Minerals announces the adoption of a Bitcoin treasury strategy

ChainCatcher news, according to the announcement from the UK-listed company ECR Minerals plc (LON:ECR), the company's board has approved a financial management policy for Bitcoin and digital assets. 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 use no more than 50% of its free cash flow from gold production to purchase Bitcoin as a long-term reserve. Additionally, the company may allocate up to 50% of its surplus cash for Bitcoin investments. The policy also allows the company to invest up to 15% in income-generating digital assets such as Ethereum within the 50% allocation limit.