Norwegian deep-sea mining firm Green Minerals AS is making headlines after revealing bold plans to raise $1.2 billion to purchase Bitcoin. The company says the move is part of a broader blockchain-driven strategy to diversify its holdings, hedge against fiat currency risks, and position itself for a more efficient, transparent future in mining operations.

This reveal marks one of the most ambitious Bitcoin acquisition strategies to date by a traditional mining company—and it’s already making waves in both the stock market and the crypto community.

$1.2 Billion for Bitcoin: A Strategic Hedge

Green Minerals isn’t just dipping its toes into crypto—it’s diving in headfirst. In a public statement on Monday, Executive Chair Ståle Rodahl described Bitcoin as a “robust hedge against currency debasement,” explaining that the company aims to reduce its exposure to fiat-based risks while preparing for significant capital expenditures in the future.

“Bitcoin is an attractive alternative to traditional fiat,” Rodahl said. “With significant future capital expenditures planned for the production equipment, the program offers a robust hedge against currency debasement.”

The company plans to work with external partners to raise the $1.2 billion, which would be used to build a long-term Bitcoin treasury. Based on current market prices (with BTC hovering around $106,500), that investment could yield an estimated 11,255 Bitcoin.

Green Minerals also expects to make its first Bitcoin purchase within days, signaling that the plan is already underway.

Tracking Bitcoin Value Per Share

In an interesting twist, Green Minerals also reveal that it will introduce a new key performance indicator (KPI) to measure the Bitcoin value associated with each company share. This move mirrors strategies used by other publicly traded companies with significant crypto holdings, such as MicroStrategy, helping investors track the direct impact of Bitcoin on company valuation.

This metric could become a critical benchmark for shareholders as the company progresses with its Bitcoin acquisition and blockchain integration efforts.

Blockchain Adoption for Mining Operations

Green Minerals isn’t stopping with just Bitcoin on the balance sheet. The company also plans to adopt blockchain technology more broadly across its operations.

The firm emphasized that blockchain will play a key role in enhancing:

• Supply chain transparency

• Mineral origin certification

• Operational efficiency

In a statement, the company said, “Green Minerals sees that blockchain technology has an important role to play in mining to ensure supply chain transparency, mineral origin certification and operational efficiency.”

This signals a modernization of mining practices, aligning with evolving industry standards and preparing for potential future regulatory requirements. By leveraging blockchain, the firm can more easily verify the ethical sourcing of minerals and ensure compliance with environmental and legal frameworks.

Share Price Spikes Then Falls

Following the reveal , Green Minerals’ stock experienced a dramatic surge, closing up 300% on Monday to €0.68 (about $0.79). However, the momentum didn’t last long—by Tuesday, shares dropped more than 34% to €0.44 ($0.51), according to Google Finance.

While this volatility is not unusual in crypto-related stocks, it underscores the speculative nature of investor sentiment. Still, despite the pullback, the stock remains significantly higher than it was a week ago.

The Trend: Traditional Firms Turning to Bitcoin

Green Minerals is far from alone in its pivot to Bitcoin. Several firms around the globe are increasingly considering cryptocurrency as a hedge and long-term investment.

• DigiAsia Corp, an Indonesian fintech company, saw its stock surge 91% in May after reveal plans to raise $100 million for Bitcoin purchases.

• Meanwhile, K33, a Norwegian crypto brokerage, also reveal its Bitcoin strategy in May, but its share price remained flat, showing that market reactions vary depending on execution and investor confidence.

This trend suggests that Bitcoin is gradually gaining favor beyond the crypto-native world, especially as inflation fears and currency devaluation concerns continue to grow globally.

Final Thoughts

Green Minerals’ decision to raise $1.2 billion for Bitcoin and embrace blockchain technology is more than just a headline—it’s a milestone moment for crypto adoption in traditional industries.

While its stock saw a brief dip after the initial surge, the long-term implications could be far more significant. If successful, Green Minerals could pave the way for other mining and industrial firms to integrate digital assets into their business models and balance sheets.

The company’s bold move might not just be about Bitcoin—it could be about the future of mining, transparency, and financial resilience in a digital-first economy.