Norwegian deep-sea exploration company Green Minerals AS has unveiled plans to build a long-term Bitcoin treasury and is seeking to raise up to $1.2 billion to fund the initiative. 

The company expects to make its first Bitcoin purchase within days.

The move is part of a broader shift toward Bitcoin integration, with Green Minerals citing diversification away from fiat currencies as a key motivation. 

Executive chair Ståle Rodahl said Bitcoin is an “attractive alternative to traditional fiat” and sees the strategy as a way of “mitigating fiat risks.”

“With significant future capital expenditures planned for the production equipment, the program offers a robust hedge against currency debasement,” he noted.

Green Minerals plans to work with partners to finance the acquisition and will introduce a performance metric to track the Bitcoin value per share.

It described the adoption of Bitcoin and blockchain technologies as crucial for maintaining a competitive edge and meeting evolving regulatory demands.

Share this article
The link has been copied!