Green Minerals AS to Raise $1.2 Billion for Bitcoin Treasury

Norwegian deep-sea mining firm Green Minerals AS has announced a significant strategic move to establish a Bitcoin treasury, with plans to raise $1.2 billion to purchase and hold the cryptocurrency. This initiative is part of a broader blockchain strategy aimed at diversifying the company’s investments away from traditional fiat currencies and supporting future project plans. The firm's executive chair, Ståle Rodahl, highlighted that Bitcoin is seen as an attractive alternative to traditional fiat, offering a hedge against currency debasement and inflation risks.

Green Minerals intends to finance up to $1.2 billion through programs designed to increase its Bitcoin treasury, with the first Bitcoin purchase expected within the next few days. At the current trading price of around $106,500 per Bitcoin, the company could acquire approximately 11,255 Bitcoins with the $1.2 billion investment. This move is not only a financial strategy but also a step towards adopting blockchain technology to enhance supply chain transparency, mineral origin certification, and operational efficiency.

The company’s decision to adopt a Bitcoin treasury strategy is part of a broader trend among companies seeking to leverage the benefits of digital assets. By transitioning its treasury reserves from Norwegian kroner and US dollars to Bitcoin, Green Minerals aims to mitigate the risks associated with inflation and currency devaluation. This proactive measure is seen as a way to safeguard the company's financial health in an increasingly volatile economic landscape. The firm's deep-sea mining operations, which involve extracting valuable minerals from the ocean floor, require significant capital investment. By allocating a portion of its reserves to Bitcoin, Green Minerals aims to ensure long-term financial stability and support its growth initiatives.

Green Minerals' plan to raise $1.2 billion for its Bitcoin reserve is a bold step that reflects its commitment to innovation and forward-thinking financial strategies. This move is expected to attract attention from other firms considering similar shifts in their treasury management practices. As the global economy continues to evolve, companies like Green Minerals are exploring new ways to protect their assets and capitalize on emerging opportunities in the digital asset space. The company also plans to launch a key performance indicator that tracks the Bitcoin value attributable to each share, further integrating the cryptocurrency into its financial strategy.