Green Minerals Secures $25M War Chest to Double Down on Bitcoin Bet

Mining firm pivots from rocks to digital gold—because why dig for lithium when you can HODL?

The Deal:
Fresh off a $25 million financing round, Green Minerals is swapping pickaxes for private keys. The company's now funneling fresh capital into Bitcoin—proving even traditional miners can't resist crypto's siren song.

The Trend:
Another corporate balance sheet flips to 'orange pill' mode. Forget hedging against inflation—this is a full-speed gamble that Bitcoin's next bull run will make today's prices look quaint. (Spoiler: Wall Street analysts are simultaneously downgrading the stock and buying BTC derivatives.)

The Punchline:
Nothing says 'confidence in the monetary system' like a minerals company using debt financing to acquire imaginary internet money. Satoshi would be proud.

At press time, the company has accumulated around four Bitcoins, but it plans to purchase more as it continues to roll out funding initiatives for its BTC Treasury strategy. Meanwhile, BTC has been seeing modest gains as it climbs back to the $107,000 threshold. So far, it managed to reach a peak at $107,724.

Executive Chairman of Green Minerals, Ståle Rodahl, said the financial agreement with LDA Capital equips the firm with a “strategic mechanism to fund growth” that aligns with its goal to boost BTC holdings on the company’s dime.

“In a dynamic market environment, flexibility and staying power is key,” said Rodahl in his statement.

Earlier in June, the company established a target to raise $1.2 billion to purchase BTC and gradually grow its crypto holdings. The company claimed that this goal is in line with its commitment to leverage digital assets for its future financial growth.