Norwegian mining company Green Minerals plans to jointly raise $1.2 billion with partners and has established a Bitcoin reserve

According to disclosures from Norwegian mining company Green Minerals, the company has announced the adoption of a Bitcoin treasury strategy as part of its overall blockchain initiative. The company plans to jointly raise up to $1.2 billion with its partners to establish its Bitcoin reserves. Ståle Rodahl, Executive Chairman of Green Minerals, stated that in an era of large-scale monetary expansion, Bitcoin’s decentralized and non-inflationary nature makes it an attractive alternative to traditional fiat currencies. This strategy will help the company mitigate fiat currency risks and provide a strong hedge against currency devaluation. In addition, Green Minerals plans to implement blockchain technology throughout its value chain to ensure supply chain transparency, mineral provenance certification, and operational efficiency. The company will introduce Bitcoin per share (BTC/share) as a key performance indicator and expects to acquire its first batch of Bitcoin in the coming days.