Norway's Green Minerals Adopts Bitcoin Treasury Strategy as Currency Hedge

Green Minerals AS, a Norwegian deep sea mining and sustainable mineral extraction company, announced Monday it will adopt a Bitcoin treasury strategy to diversify away from traditional fiat currencies amid inflation and geopolitical risks.

The Oslo-based company founded in 2020 said in a statement that it plans to incorporate Bitcoin treasury exposure into financing programs totaling up to $1.2 billion, aligning the strategy with its first Hybrid Environmental Deep Sea Mining (HEDSM) project launch.

Executive chairman Ståle Rodahl cited Bitcoin's "decentralized, non-inflationary properties" as attractive alternatives to fiat currencies facing monetary expansion pressures.

"With significant future capital expenditures planned for production equipment, the program offers a robust hedge against currency debasement," Rodahl said, noting the strategy suits companies with long project horizons like Green Minerals.

The company emphasized its core operational strategy in deep sea mining remains unchanged, with Bitcoin serving as financial support for existing project plans.

Blockchain Integration Beyond Treasury

Green Minerals indicated the Bitcoin strategy represents the first step toward broader blockchain implementation across its operations. The company plans to adopt blockchain technology throughout its value chain for supply chain transparency, mineral origin certification, and operational efficiency.

The move positions Green Minerals to stay ahead of competition and potential future regulatory requirements in the mining sector.

To ensure transparency, Green Minerals will introduce a "Bitcoin per share" (BTC/share) key performance indicator, providing shareholders visibility into digital asset value per share.

The company committed to regular market updates on the Bitcoin treasury strategy's progress and implementation. Green Minerals said it aims to acquire its first bitcoins "over the next few days."

Green Minerals plans to work with Bitcoin expertise to establish a "transparent and secure framework" for acquiring, managing, and reporting Bitcoin holdings.

The strategy reinforces Green Minerals' positioning as both a sustainable mineral extraction leader and financial innovator, as the company prepares for its Partnership for Responsible Production initiative, the company said.

The news prompted a more than four-fold increase in the company's stock price, though it closed 35% down on Tuesday. Green Minerals' market capitalization currently stands at 123.17 million Nowegian kroner ($12.17 million).