Bitcoin and Digital Assets
On 7 August 2025, ECR announced that it had adopted a Bitcoin treasury management policy.
Bitcoin and Digital Asset treasury
management policy
On 7 August 2025, ECR announced that it had adotped a Bitcoin treasury management policy. This reflects ECR’s evolving long-term financial strategy, given ECR’s ambition to work towards a potential revenue-generating phase, particularly at its Blue Mountain gold project in Queensland.
Using the Company’s wholly owned subsidiary, ECR Digital Limited (“ECR Digital”), ECR will hold a portion of its treasury reserves in digital assets, such as BTC or select high tier alternative digital coins, as either a partial hedge against fluctuations in gold prices or as a standalone store of value, which the Board views as effectively functioning as a modern form of digital inventory.
Furthermore, as a UK headquartered company with Australian-based operations, the Board views currency management a core part of the Company’s financial planning. In this regard, the Board believes that digital assets such as Bitcoin provides flexibility as a cross-border transactional currency.
Key terms of the Policy
• Use of BTC for treasury management purposes: The Board intends to invest no more than 50 per cent. of its free cash flows from gold production1 to acquire BTC as a long-term treasury reserve. The Policy also provides that no more than 50 per cent. of surplus cash2 held by the Company may be used for BTC purchases. No speculative or leveraged trading of BTC or other digital assets is permitted, and the Company will not engage in derivatives or leveraged products that deviate from the goal of long-term asset holding.
• Custody and security: The Company will appoint a regulated custodian which is either registered by the Financial Conduct Authority (the “FCA”) or regulated in its country of operation and the Policy prescribes a series of security protocols including mandatory storage in multi-signature wallets requiring at least two Board-approved signatories and the use of offline cold storage to minimise cyber risks.
• Approved investment instruments: The only approved instrument, investment or asset which the Company may hold, other than cash, is BTC. However, the Policy does give the Board discretion to select a list of high tier alternative digital assets which may comprise up to 15 per cent. of its available 50 per cent. treasury allocation headroom provided that such assets are capable of generating a yield (for example, Ethereum). Any yield generated must then be utilised to acquire additional BTC or other Board approved high tier alternative digital assets taking into account the Company’s available 50 per cent. treasury allocation headroom.
• Supervision, responsibilities and control framework: The Company will appoint a treasury committee, comprising at least one non-executive director, the financial controller and the chairman, who will be responsible for administering and reviewing adherence to the Policy on a quarterly basis.
The full Policy is available here.