Norwegian Deep-Sea Mining Firm Plans $1.2B Bitcoin Investment

Green Minerals, a Norwegian deep-sea mining company, has announced plans to raise $1.2 billion to buy Bitcoin as a reserve asset, marking a bold step in its strategy to integrate blockchain and diversify away from fiat currencies.

Norwegian Deep Sea Mining Firm Plans $1.2b Bitcoin Investment

Green Minerals AS, a Norwegian deep-sea mining company, has announced plans to raise $1.2 billion to establish a Bitcoin treasury and hold the cryptocurrency long-term. This bold move is at the core of a broader blockchain strategy aimed at diversifying its investments away from fiat currencies and supporting upcoming company projects.

“Bitcoin is an attractive alternative to traditional fiat; holding BTC will help us mitigate currency devaluation risks,”
— Ståle Rodahl, Chairman of the Board at Green Minerals

According to Rodahl, with substantial capital expenditures planned for mining equipment, adding Bitcoin to the company’s balance sheet offers a strong hedge against fiat currency debasement.

First Bitcoin Purchase Coming in Days

Green Minerals and its financial partners plan to issue convertible bonds maturing in 360 days, which can later be exchanged for company shares at a price of $20 per share. The proceeds — up to $1.2 billion — will be gradually deployed to build up the firm’s Bitcoin reserves.

At the current price of approximately $106,500 per BTC, Green Minerals could acquire around 11,255 Bitcoins if the full amount is invested. The company also plans to introduce a new key performance indicator (KPI) to reflect the Bitcoin value per share.

Blockchain Integration for Supply Chain and Efficiency

Beyond simply acquiring crypto assets, Green Minerals is also planning to implement blockchain technology across its mining operations to:

  • Increase supply chain transparency,
  • Certify mineral origins, and
  • Improve operational efficiency.

The company says blockchain adoption will ensure it remains competitive and aligned with evolving regulatory demands.

Mixed Reaction from the Stock Market

Green Minerals Shares Price
Green Minerals Shares Price

Following the announcement, Green Minerals shares surged 300% on Monday, reaching €0.68 ($0.79). However, the stock plunged over 34% on Tuesday, closing at €0.44 ($0.51), according to Google Finance.

Several companies have previously seen similar investor enthusiasm following crypto-related announcements. In May, Indonesian fintech firm DigiAsia Corp saw its stock jump 91% after revealing a $100 million Bitcoin acquisition plan.

However, not all saw positive momentum. Also in May, Norwegian crypto brokerage K33 announced its intent to buy and hold Bitcoin, but its share price remained flat, even dropping 1.96%.

While market reactions remain volatile in the short term, Green Minerals’ $1.2 billion Bitcoin play underscores the growing trend of traditional companies embracing cryptocurrency as a strategic reserve asset — particularly amid rising inflation and weakening fiat currencies.

Love

0.0/5

Love

Latest

70% Of Bnb Chain Memecoin Investors Are In Profit

News | Editor Choice | Memecoin

70% of BNB Chain Memecoin Investors Are in Profit – CZ’s “Meme Season” Is in Full Swing

The memecoin wave on the BNB Chain is exploding, with over 70% of investors reporting profits as capital floods in — marking the start of the most vibrant “meme season” ever predicted by CZ.

Paypay Acquires 40% Stake In Binance Japan

News | Editor Choice | Policy & Regulations

PayPay Acquires 40% Stake in Binance Japan

The acquisition of a 40% stake in Binance Japan marks a historic milestone for PayPay, paving the way for the convergence of traditional payments and digital assets, and shaping the future of Japan’s digital finance landscape.

Bitcoin Boom Ahead Institutional And Derivatives Data Reveal

News | Bitcoin | Editor Choice

Bitcoin Boom Ahead? Institutional and Derivatives Data Reveal

Market experts believe that Bitcoin (BTC) is in a phase of accumulation rather than topping, predicting a retest before the next explosive breakout.

Bnb Super Cycle – A Massive Rally Or Binance’s Next Big Bubble

News | Altcoin | Editor Choice

BNB Super Cycle – A Massive Rally or Binance’s Next Big Bubble?

Binance’s BNB token is heating up the crypto market with a series of new record highs, but amid the excitement of the so-called “Super Cycle,” many analysts warn it could just be a bubble waiting to burst.

Bitcoin Cools Off After Record Breaking Rally

News | Bitcoin | Editor Choice

Bitcoin Cools Off After Record-Breaking Rally

After a series of record-breaking gains, Bitcoin suddenly slipped more than 2% on Tuesday afternoon as a wave of profit-taking spread and investor caution returned to the crypto market.

Screenshot 2025 09 10 100533