Listed company Nativo Resources announces the opening of Bitcoin treasury reserves

BlockBeats News: On July 24th, London listed company Nativo Resources (LON: NTVO) announced today that it has adopted a digital asset fiscal policy that allows the gold focused mining company to allocate some of its free cash flow and future financing proceeds to hold Bitcoin. The company is preparing to restart its gold mining operations in the Tesoro (LON: 0JYA) gold mining concession area in Peru, and has stated that this policy will enable it to hold Bitcoin as a long-term fiscal reserve asset while meeting its operating capital needs. According to a press conference statement, Nativo has partnered with Copper.co to provide institutional level custody services for its digital assets and expects to receive additional security services from Nemean Services. The board of directors of the company stated that they believe holding gold and Bitcoin can provide shareholders with diversified inflation hedging tools, pointing out that the fixed supply and decentralized characteristics of Bitcoin complement the traditional value storage characteristics of gold. Nativo acknowledges that there are several risks associated with this policy, including potential fluctuations in stock prices, uncertainty in digital asset regulation, and security issues related to cryptocurrency custody.