TechFlow news, June 23 — Norwegian mining company Green Minerals announced it has adopted a Bitcoin treasury strategy as part of its overall blockchain initiative. The company plans to jointly raise up to $1.2 billion with partners to build its Bitcoin reserves.
Ståle Rodahl, Executive Chairman of Green Minerals, stated that in an era of massive monetary expansion, Bitcoin’s decentralized and non-inflationary characteristics make it an attractive alternative to traditional fiat currencies. This strategy will help the company mitigate fiat currency risks and provide a strong hedge against currency depreciation.
In addition, Green Minerals plans to implement blockchain technology across its entire value chain to ensure supply chain transparency, mineral origin certification, and operational efficiency. The company will introduce Bitcoin per share (BTC/share) as a key performance indicator and intends to acquire its first batch of Bitcoin within the coming days.
