Green Minerals AS Announces $1.2 Billion Bitcoin Reserve Strategy

Son Min

Summary

Green Minerals AS announced the introduction of a Bitcoin reserve strategy with up to $1.2 billion in funding.
A formal announcement was made about starting to purchase Bitcoin to prepare for "rising inflation and geopolitical uncertainty."
The company stated it is working to strengthen future competitiveness by introducing blockchain technology alongside supporting its core business operations.

Green Minerals AS, a Norwegian deep-sea mineral mining company, has announced its participation in a Bitcoin (BTC) reserve strategy of up to $1.2 billion.

On the 23rd (local time), Green Minerals AS stated through its official website, "We are implementing a Bitcoin reserve strategy in response to inflation and geopolitical uncertainty," and added, "We plan to raise up to $1.2 billion in funds to purchase Bitcoin." They further mentioned, "We also plan to strengthen our future competitiveness by incorporating blockchain technology into our services."

The company said it will continue its core business operations. Green Minerals AS explained, "The Bitcoin strategy is being implemented to support our business," and added, "We aim to begin purchasing Bitcoin within a few days at the earliest."

Ståle Rodahl, chairman of the board at Green Minerals AS, stated, "With the increase in global money supply, maintaining a sound financial structure has become crucial," and added, "Bitcoin is an attractive alternative to fiat currency." He continued, "Through this, we aim to generate long-term value and mitigate the risks of fiat currency."

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