Green Minerals Secures NOK 250 Million for Bitcoin Reserves

Green Minerals AS, a Norwegian mining firm, has successfully secured a structured financing deal worth NOK 250 million (approximately $23 million) from LDA Capital. This investment is strategically aimed at bolstering the company's Bitcoin reserves, marking a significant shift towards integrating digital assets into its operations. The financing agreement includes an "At-the-Market" (ATM) share issuance option, which allows Green Minerals to sell new shares gradually based on market conditions. This approach helps the company avoid sudden dilution of shareholder value. Additionally, LDA Capital has secured a 12-month call option to purchase up to 1% of Green Minerals’ shares at NOK 6.95 each.

The company's chairman, Ståle Rodahl, emphasized the importance of this flexible financing structure in advancing their Bitcoin holdings strategy. "We want to increase our shares-per-Bitcoin ratio without compromising long-term sustainability," Rodahl stated. This move underscores Green Minerals' commitment to leveraging its deep-sea mining profits to build a robust Bitcoin treasury, aligning with its broader digital asset strategy.

LDA Capital, known for its investments in Web3 ventures and traditional financing, expressed support for innovative capital structures that blend natural resource development with digital finance. The investment group has previously deployed $400 million into Web3 ventures and over $11 billion in traditional financing, reflecting its confidence in Green Minerals' approach.

Green Minerals has clarified that it will draw down funds only in favorable market conditions, deciding the timing and size of each issuance independently. The company hinted at the possibility of exploring further financing deals but emphasized that such decisions will be made public if and when they arise. This cautious approach ensures that the company can navigate market fluctuations while maintaining its strategic goals.

The financing deal represents a significant step for Green Minerals in its journey towards integrating digital assets into its operations. By leveraging its deep-sea mining profits to build a Bitcoin treasury, the company aims to enhance its financial resilience and explore new opportunities in the digital finance landscape. This move also aligns with the growing trend of companies diversifying their asset portfolios to include cryptocurrencies, reflecting a broader shift in the financial industry towards digital assets.