Norwegian Mineral Mining Firm Eyes $1.2 Billion Raise for Bitcoin Treasury

Norwegian green minerals, will – together “with their partners” – invest up to $ 1.2 billion to create and Bitcoin Treasury, Growth of Euronext Growth Oslo-Traded Company notified Tuesday.

In his statement, Green Minerals, which benefits deep marine minerals, said it aims to win the first bitcoins over the next few days, as it monitors the wider strategy to invest more in blockchain integration.

“The decentralized, non -inflationary properties of Bitcoins make it an attractive alternative to the traditional Fiat,” said Green Minerals Ståle Rodahl. “By integrating the Bitcoin checkout strategy, we not only mitigate the risks of Fiat, but also reaffirm our commitment to financial innovation and sustainable creation of a long -term value.”

The announcement comes as a fast -growing list of publicly traded companies that rotates from their previous focus on bitcoin accumulation. Green Minerals, however, said that his “basic operational strategy remains persistent” and that the Bitcoin Treasury program will support the company’s “project plans”.

Green minerals also said that blockchain “has an important role in mining to ensure the transparency of the supplier chain, certifying mineral origin and operational efficiency”.

Unscramble He contacted green minerals for further comment, but did not receive the answer immediately.

About 245 public companies hold a digital asset on their balance sheets, according to data from data from data from data Bitcointreasuries.com. In total, companies hold more than $ 88 billion in Bitcoins, show the same data.

Michael Saylor’s strategy, formerly Microsthega, promoted the model. Since then, Saylor has been published by more than $ 592,300 bitcoins worth over $ 62 billion.

Meanwhile other publicly traded companies, Including UPEXI, Wellgistics Healthand Defi Development Corp., replicated strategy with altcoins, including XRP and Solan.

Rodahl said that Green Minerals strategy is “well suitable for a company with such a long project horizon”.

“With significant future capital expenditures planned for production facilities, the program offers a robust program against the devotion of currencies,” he said.

The price of green mineral shares on Tuesday threw almost 35%. Last year, Norway Ordered Stopping deep sea mining. The government, which planned to offer permission to the deep sea in 2025, allegedly reassessed the possibility.

Last week the government of the country’s work said In the statement that this would explore the temporary ban on new energy crypts. According to the statement, the force used for mining of digital assets could be for better use, including community data centers.

Edited by James Rubin