Norway’s Green Minerals Embraces Bitcoin Treasury Strategy as Currency Hedge
The deep sea mining business plans to incorporate Bitcoin treasury direct exposure into a $1.2 billion funding program while introducing a new ‘Bitcoin per share’ efficiency metric for shareholders.
Green Minerals AS, a Norwegian deep sea mining and sustainable mineral extraction company, revealed Monday it will adopt a Bitcoin treasury strategy to diversify away from traditional fiat currencies amid inflation and geopolitical risks. The Oslo-based company established in 2020 said in a declaration that it plans to integrate Bitcoin treasury direct exposure into financing programs amounting to up to $1.2 billion, lining up the strategy with its first Hybrid Environmental Deep Sea Mining (HEDSM) task launch. Executive chairman Ståle Rodahl pointed out Bitcoin’s ‘decentralized, non-inflationary homes’ as appealing options to fiat currencies dealing with financial growth pressures. The business prepares to adopt blockchain technology throughout its worth chain for supply chain transparency, mineral origin accreditation, and operational efficiency.
The relocation positions Green Minerals to remain ahead of competitors and prospective future regulatory requirements in the mining sector. To guarantee openness, Green Minerals will introduce a ‘Bitcoin per share’ (BTC/share) essential performance indication, supplying shareholders visibility into digital possession worth per share. The business dedicated to routine market updates on the Bitcoin treasury strategy’s progress and implementation. Green Minerals prepares to work with Bitcoin expertise to develop a ‘protected and transparent structure’ for getting, handling, and reporting Bitcoin holdings.
The method reinforces Green Minerals’ positioning as both a sustainable mineral extraction leader and monetary innovator, as the business prepares for its Partnership for Accountable Production initiative, the business said. The news prompted a more than four-fold boost in the business’s stock price, though it closed 35% down on Tuesday.
