Under the non-binding policy, ECR Minerals (LSE: ECR) intends to allocate up to 50% of its future free cash flow from gold production – defined as cash remaining after operational costs, capital expenditures, and debt payments – towards acquiring bitcoin (BTC). Additionally, up to 50% of the company’s surplus cash reserves may also be directed into BTC or select digital assets.

ECR’s move positions bitcoin as a long-term strategic reserve asset. The board cited bitcoin’s unique characteristics, including finite scarcity and global liquidity, viewing it as “digital gold” complementary to the company’s core precious metals business and a potential hedge against inflation and economic uncertainty.

ECR emphasized BTC would function as a modern form of “digital inventory” and provide currency management flexibility. Unlike several of today’s bitcoin treasury firms, ECR disclosed it will not use debt or leverage for purchases, prohibiting speculative trading or derivatives. Strict custody protocols mandate using regulated custodians, multi-signature wallets requiring board-approved signatories, and offline cold storage to mitigate cyber risks.

Up to 15% of the allocated treasury funds may go into yield-generating alternative assets like ethereum (ETH). Implementation hinges on ECR generating surplus cash, particularly as its Blue Mountain Project in Queensland advances towards small-scale gold production. No immediate bitcoin purchases were announced.

The company joins other public firms like Strategy, Twenty One, and Tesla in holding bitcoin as a treasury reserve asset, signaling broader interest in bridging traditional mining with cryptocurrency. A dedicated treasury committee will oversee the policy quarterly.

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