Norwegian Miner Green Minerals Aims for $1.2B Mega-Raise to Hoard Bitcoin Like Digital Gold

Move over, central banks—Norway’s Green Minerals just slapped a $1.2B bet on Bitcoin becoming the new reserve asset. The mining firm’s audacious play could send shockwaves through traditional finance circles.

From pickaxes to digital vaults

The fossil-fuel-free miner is pivoting hard into crypto, swapping mineral reserves for Bitcoin reserves. That $1.2B target? Enough to make even MicroStrategy raise an eyebrow.

The new gold rush

While Wall Street hedgies debate ETFs, this Scandinavian upstart is going straight for the motherlode—because why dabble in derivatives when you can HODL the real thing?

One financier muttered: 'At least they’re not burning cash on another metaverse pivot.' The Bitcoin maximalists, meanwhile, are already drafting the welcome tweet.

Green Minerals Touts Bitcoin as a Hedge Against Currency Debasement

Executive Chairman Ståle Rodahl described the approach as a natural fit for a business with long-term capital needs and a forward-looking outlook.

Bitcoin’s non-inflationary nature, he said, offered protection against currency debasement at a time of “significant monetary expansion.”

Green Minerals plans to acquire its first bitcoins in the coming days and will work with industry specialists to develop a transparent and secure framework for managing the holdings.

The company will also introduce a new metric, Bitcoin per share, or BTC/share, to give shareholders a clear view of the digital asset value tied to their equity.

Firm Says Bitcoin Will Strengthen Capital Access Without Shifting Its Mission

Green Minerals said that the strategy complements, rather than replaces, its Core operations. The Bitcoin reserves are meant to help fund large-scale equipment needs and project development over time.

The company also sees blockchain as a tool for improving transparency in mineral sourcing, supply chain integrity and regulatory compliance, key areas where Norwegian mining companies are under increasing scrutiny.

This financing push will be part of a wider capital program, launched under its Partnership for Responsible Production, which sees digital assets as an integral part of its growth model. The firm believes Bitcoin can serve as both a treasury asset and a lever for accessing capital markets more efficiently.

Green Minerals Taps Into Trend of Listed Firms Using Bitcoin for Growth

Green Minerals joins a growing number of publicly traded firms adopting Bitcoin as a reserve asset. According to Standard Chartered, more than 60 non-crypto companies have added Bitcoin to their balance sheets in recent years, following the path laid by MicroStrategy. That firm’s aggressive Bitcoin accumulation strategy, begun in 2020, helped send its stock price up more than 3,000%.

For companies like Green Minerals, Bitcoin exposure offers something individual investors cannot easily replicate. Public firms can often raise capital through convertible debt markets, enabling them to acquire larger positions in Bitcoin at scale. This ability, coupled with their stocks often trading at a premium to underlying crypto assets, makes corporate adoption a powerful financial play.