Green Minerals Secures $25 Million Deal to Boost Bitcoin Holdings by 5800%

Green Minerals, a deep sea mining firm, has secured a significant financial agreement worth 250 million Norwegian kroner, approximately $25 million, with LDA Capital. This deal is aimed at expanding the company's Bitcoin treasury, allowing it to acquire more Bitcoin and enhance its digital asset holdings. The structured financing agreement includes a put option granted to Green Minerals by LDA Capital, enabling the company to issue new shares flexibly based on market conditions. This "at-the-market" (ATM) structure provides Green Minerals with the ability to draw capital as needed, optimizing shareholder value and reducing the risk of unnecessary stock dilution.

LDA Capital, on the other hand, has been given a call option regarding the share issuance. This means LDA can subscribe for up to 1% of the total company share capital value at a price of NOK 6.95 per share, with the option to cash in at any time throughout the 12-month period. If Green Minerals successfully raises the full $25 million from this financial agreement, it could potentially purchase approximately 232.34 BTC, based on current market prices. This acquisition would significantly bolster the company's Bitcoin holdings, which currently stand at around four Bitcoins.

The Executive Chairman of Green Minerals, Ståle Rodahl, highlighted the strategic importance of this financial agreement. He stated that it provides the firm with a "strategic mechanism to fund growth" that aligns with its goal to boost BTC holdings. Rodahl emphasized the importance of flexibility and staying power in a dynamic market environment, noting that this deal equips the company with the necessary tools to achieve its objectives.

Earlier in June, Green Minerals had set a target to raise $1.2 billion to purchase BTC and gradually grow its crypto holdings. This goal is part of the company's broader commitment to leveraging digital assets for future financial growth. The recent $25 million deal with LDA Capital is a significant step towards achieving this ambitious target, demonstrating the company's dedication to expanding its Bitcoin treasury and enhancing its financial position in the digital asset landscape.