Norwegian deep-sea mining firm Green Minerals pivots toward crypto to hedge fiat risks and boost transparency
Green Minerals AS, a Norway-based deep-sea mining company, has announced plans to raise $1.2 billion to purchase Bitcoin (BTC) as part of a new treasury strategy focused on hedging fiat currency exposure and leveraging blockchain technology. The firm revealed that the first Bitcoin purchase could occur within days, signaling a major shift in its financial and operational direction.
Bitcoin as a Strategic Treasury Asset
The company aims to buy and hold Bitcoin long-term, with projections suggesting it could acquire approximately 11,255 BTC at current market levels near $106,500 per coin. According to Green Minerals’ executive chair Ståle Rodahl, the move offers a compelling alternative to fiat currencies and fits into the company’s future capital investment strategy.
“Bitcoin is an attractive alternative to traditional fiat… the program offers a robust hedge against currency debasement,” said Rodahl.
The company will also introduce a key performance indicator (KPI) to track the Bitcoin value per share, offering a new metric for investors aligned with its crypto-focused vision.
Blockchain Integration to Strengthen Operations
Alongside its Bitcoin treasury initiative, Green Minerals is preparing to adopt blockchain technology to improve operational efficiencies and meet evolving industry regulations. The company cited use cases such as:
- Supply chain transparency
- Mineral origin verification
- Digital tracking of operational performance
This shift aims to place the firm “at the forefront of industry innovation” while ensuring environmental and sourcing compliance.
Stock Volatility Follows Announcement
The announcement initially triggered a 300% surge in Green Minerals’ stock price, which closed at 68 euro cents on Monday. However, the price fell more than 34% on Tuesday, closing at 44 euro cents, according to Google Finance.
This pattern mirrors other firms that have recently disclosed Bitcoin strategies. While some, like DigiAsia Corp, have seen their stocks nearly double after similar announcements, others — including Norwegian brokerage firm K33 — have experienced little to no price reaction.
Outlook: Bitcoin Exposure and Blockchain Utility
Green Minerals’ aggressive move into Bitcoin and blockchain reflects a growing trend of non-crypto companies turning to digital assets as part of treasury diversification and tech modernization. If successful, it could position the firm as one of the largest corporate holders of Bitcoin in Europe, while setting new standards for transparency in the mining sector.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.