Norwegian Mining Company Green Minerals Plans $1.2B Raise to Build Bitcoin Reserve

Norwegian deep-sea mining firm Green Minerals said Monday it plans to start buying Bitcoin as part of a broader push into blockchain, with a goal of raising up to $1.2b to expand its Bitcoin reserve.

The move reflects growing corporate interest in using Bitcoin as a hedge against inflation and monetary instability.

In a statement, the Norwegian company said it has adopted a Bitcoin Treasury Strategy to diversify away from fiat currencies and strengthen its balance sheet.

Executive Chairman Ståle Rodahl described the approach as a natural fit for a business with long-term capital needs and a forward-looking outlook.

Bitcoin’s non-inflationary nature, he said, offered protection against currency debasement at a time of “significant monetary expansion.”

Green Minerals plans to acquire its first bitcoins in the coming days and will work with industry specialists to develop a transparent and secure framework for managing the holdings.

The company will also introduce a new metric, Bitcoin per share, or BTC/share, to give shareholders a clear view of the digital asset value tied to their equity.

Green Minerals said that the strategy complements, rather than replaces, its core operations. The Bitcoin reserves are meant to help fund large-scale equipment needs and project development over time.

The company also sees blockchain as a tool for improving transparency in mineral sourcing, supply chain integrity and regulatory compliance, key areas where Norwegian mining companies are under increasing scrutiny.

This financing push will be part of a wider capital program, launched under its Partnership for Responsible Production, which sees digital assets as an integral part of its growth model. The firm believes Bitcoin can serve as both a treasury asset and a lever for accessing capital markets more efficiently.

Green Minerals joins a growing number of publicly traded firms adopting Bitcoin as a reserve asset. According to Standard Chartered, more than 60 non-crypto companies have added Bitcoin to their balance sheets in recent years, following the path laid by MicroStrategy. That firm’s aggressive Bitcoin accumulation strategy, begun in 2020, helped send its stock price up more than 3,000%.

For companies like Green Minerals, Bitcoin exposure offers something individual investors cannot easily replicate. Public firms can often raise capital through convertible debt markets, enabling them to acquire larger positions in Bitcoin at scale. This ability, coupled with their stocks often trading at a premium to underlying crypto assets, makes corporate adoption a powerful financial play.

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