Bitcoin News
By Steven Anderson
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Norwegian deep-sea mining firm Green Minerals AS is making headlines after revealing bold plans to raise $1.2 billion to purchase Bitcoin.
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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…
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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…
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“Bitcoin is an attractive alternative to traditional fiat,” Rodahl said. “With significant future capital expenditures planned for the production equipment, the program offers a…
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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.
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Green Minerals also expects to make its first Bitcoin purchase within days, signaling that the plan is already underway.
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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.
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This metric could become a critical benchmark for shareholders as the company progresses with its Bitcoin acquisition and blockchain integration efforts.
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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.
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The firm emphasized that blockchain will play a key role in enhancing:
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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…
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This signals a modernization of mining practices, aligning with evolving industry standards and preparing for potential future regulatory requirements.
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Following the reveal , Green Minerals’ stock experienced a dramatic surge, closing up 300% on Monday to €0.68 (about $0.79).
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While this volatility is not unusual in crypto-related stocks, it underscores the speculative nature of investor sentiment.
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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.
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