Norwegian company Green Minerals has announced its introduction of a Bitcoin treasury strategy and plans to raise $1.2 billion.
Funding Goals
Green Minerals has set a target of raising $1.2 billion through its corporate partners. The funds will be directed towards purchasing Bitcoin and gradually increasing crypto holdings.
Bitcoin Treasury Strategy
Executive Chairman Ståle Rodahl noted that the implementation of a Bitcoin treasury will help strengthen the company’s balance sheet and ensure financial innovation. He commented: “By integrating a Bitcoin Treasury Strategy, we are not only mitigating fiat risks but also reaffirming our commitment to financial innovation and the sustainable creation of long-term value.” The company plans to introduce a new metric — Bitcoin per share — which will reflect the digital asset value attributable to each share.
Market and Competitors
Other companies engaging with blockchain technologies have also expressed interest in purchasing Bitcoin. For example, Norwegian company K33 announced plans to raise funds to acquire 1,000 BTC. The existing institutional demand for Bitcoin has recently contributed to price growth in cryptocurrency.
Green Minerals continues to develop its strategies by integrating Bitcoin into the company’s financial structure, aimed at creating long-term value and investments.
