Norway’s Green Minerals to buy $1.2 billion in Bitcoin, citing fiat risk hedge

• Green Minerals launched a $ 1.2 billion bitcoin strategy to ensure the risk of Fiat.
• Trump’s return and moving attitudes on Wall Street are ruling an institutional interest in bitcoins.

Green minerals, Norwegian mining society for the deep sea, formally entered crypto space by obtaining four Bitcoins [BTC] worth approximately $ 420,000.

This step is part of a wider bitcoin strategy of $ 1.2 billion, focused When relying on relying on Fiat currencies and securing against inflation and geopolitical risks.

This step will place a Norwegian company among the rapidly growing cohort of publicly traded companies that receive bitcoins as an asset of the Treasury.

Executive attitude: Bitcoin as a balance sheet fetus

According to his official statement, the purchase of bitcoins was the first step in the long -term strategy of the Treasury aimed at ensuring the devaluation of Fiat, inflation and geopolitical uncertainty.

Executive Chairman Green Minerals, Ståle Rodahl, said, said, said, said, said,

“The decentralized, non -inflationary properties of Bitcoins make it an attractive alternative to traditional Fiat. By integrating the Bitcoin strategy, we not only mitigate the risks of Fiat, but also reaffirm our obligation to innovate and sustainable for long -term value.”

Watching green minerals?

It seems that the wider Green Minerals plan reflects the bold strategy of the strategy (formerly Microstrategy), which has greatly begun to accumulate bitcoins in 2020 and now holds more than $ 63 billion worth.

The aggressive crypto of the Microsthega pivot has seen more than 3,000%since 2020, which coincides with a meteoric increase in bitcoin around $ 110,000.

According to the Standard Chartered, 61 publicly listed companies without key crypto FOKUS accepted similar cash register strategies, enhance Bitcoin’s role as a hedge against traditional financial risks.

The market reaction remains modest – for now

This step has already had a noticeable impact on investors’ sentiment, with the company’s shares to see 0.68% increase, traded for 0.45 euros according to Google Finance.

In fact, when the increase in the adoption of bitcoins, even JPMorgan, once a voice critic of digital currencies, begins to warm up into the space.

Recently CEO Jamie Dimon published Plans to allow clients to access bitcoin investments and signal a wider shift in Wall Street access to crypto.