Key Takeaways
- Green Minerals purchased four bitcoin as part of a $1.2 billion treasury strategy.
- The company aims to hedge against inflation, fiat risk, and geopolitical uncertainty by holding bitcoin.
- Blockchain tools will be used to provide real-time transparency, including metrics like BTC per share for investors.
Norway’s Green Minerals has officially entered the bitcoin market, acquiring four BTC for approximately NOK 4.25 million (about $420,000) as the first step in its newly announced $1.2 billion Bitcoin Treasury Strategy.
Green Minerals turns to bitcoin for resilience
The company’s strategy, announced earlier this week, is designed to diversify treasury assets and shield against risks such as inflation, fiat currency exposure, and geopolitical instability.
Green Minerals plans to invest up to $1.2 billion over time, making it one of the most ambitious bitcoin treasury diversification efforts among public firms.
The firm’s Executive Chairman, Ståle Rodahl, emphasized the benefits of bitcoin for corporate resilience:
Bitcoin’s decentralized, non-inflationary properties make it an attractive alternative to traditional fiat. By integrating a Bitcoin Treasury Strategy, we are not only mitigating fiat risks but also reaffirming our commitment to financial innovation and the sustainable creation of long-term value… With significant future capital expenditures planned for the production equipment, the program offers a robust hedge against currency debasement.
Blockchain integration and transparency
Green Minerals is also incorporating blockchain technology to increase operational efficiency and transparency.
The company has introduced new shareholder metrics, such as BTC per share, allowing investors to directly track the company’s bitcoin holdings.
While the identities of partner firms remain undisclosed, leadership maintains that collaborating with others is essential for future project funding.
The initiative highlights a growing trend of public companies adopting bitcoin as a strategic reserve asset and leveraging blockchain for greater transparency.
