According to BlockBeats, London-listed Nativo Resources (LON:NTVO) has announced a new digital asset financial policy, allowing the gold-focused mining company to allocate part of its free cash flow and future financing proceeds to holding Bitcoin. The company is preparing to restart gold mining operations in its Tesoro concession area in Peru, stating that the policy will enable it to hold Bitcoin as a long-term financial reserve asset while meeting operational capital needs.
The company has partnered with Copper.co to provide institutional-grade custody services for its digital assets and expects to receive additional security services from Nemean Services. The board of directors believes that holding both gold and Bitcoin can offer shareholders diversified inflation hedging tools, highlighting Bitcoin's fixed supply and decentralized nature as complementary to gold's traditional value storage characteristics.
Nativo acknowledges several risks associated with this policy, including potential stock price volatility, regulatory uncertainties surrounding digital assets, and security issues related to cryptocurrency custody.