Green Minerals AS, a Norwegian deep-sea mining company specializing in sustainable mineral extraction, has announced the adoption of a Bitcoin Treasury Strategy as part of its broader blockchain initiative. The company aims to reduce dependency on traditional fiat assets and protect its balance sheet amid high inflation and global economic uncertainty by incorporating Bitcoin into its core financial structure.
Green Minerals plans to raise up to $1.2 billion with the assistance of corporate partners to establish this Bitcoin treasury. This strategy is designed to strengthen financial stability, hedge against fiat risks, and demonstrate a commitment to financial innovation. The first Bitcoin purchase is expected within days, with a transparent and secure purchasing framework overseen by expert advisors.
To provide shareholders with direct insight into Bitcoin's contribution to company value, Green Minerals will introduce a new performance metric named 'Bitcoin per share (BTC/share)'. This key indicator will track the digital asset value attributable to each share, mirroring metrics used by other Bitcoin-focused companies.
Additionally, Green Minerals plans to integrate blockchain technology across areas such as supply chain transparency, mineral origin certification, and operational efficiency, aiming to pioneer future regulations and maintain sector competitiveness. This move comes within a global environment marked by monetary policy expansion and economic uncertainty.
The adoption of this Bitcoin Treasury Strategy complements Green Minerals’ core operations and financing plans and signals growing institutional interest in Bitcoin as a hedge and strategic asset. The firm joins other Norwegian companies like K33, which recently announced plans to raise funds for Bitcoin purchases, highlighting increasing corporate demand driving recent BTC rallies.