Norway’s Green Minerals AS to Raise $1.2B for Long-Term Bitcoin Treasury | BSCN (fka BSC News)

Norwegian deep-sea mining firm Green Minerals AS announces plans to raise $1.2 billion to create a Bitcoin treasury. This announcement places the company in the growing list of publicly listed firms betting big on digital assets to protect long-term capital.

The company plans to use the capital to buy and hold Bitcoin as a core part of its balance sheet

Hedging Against Inflation and Fiat Risk

Green Minerals stated that inflation and monetary policy uncertainty are the primary reasons behind the move. With fiat currencies rapidly losing purchasing power, the company sees Bitcoin as a more resilient store of value. Executive Chairman Ståle Rodahl framed it bluntly:

“In this era of significant monetary expansion, maintaining a strong balance sheet is more critical than ever.”

He added that Bitcoin’s decentralized architecture and fixed supply make it a logical choice for firms with multi-year capital investment timelines. Per reports, this approach is designed to complement, not replace the company’s core activities in sustainable seabed mineral extraction. Instead, it’s part of a broader strategy to fund large-scale capital investments—such as equipment, infrastructure, and project development—without relying entirely on fiat reserves.

The company is also launching its Partnership for Responsible Production, which places digital assets at the center of its funding and innovation strategy. The capital raised will serve both the digital treasury and traditional operations.

$1.2 Billion Raise for a Digital Future

The planned $1.2 billion raise will be carried out through structured programs and private placements. Green Minerals aims to use the funds to build a substantial Bitcoin position, potentially 11,255 BTC based on current prices. The company expects to acquire its first tranche of Bitcoin within days.

To increase transparency, Green Minerals will introduce a key performance indicator (KPI) showing the Bitcoin value attributable to each share. This KPI marks a change in how traditional firms assess financial strength by linking shareholder value directly to their Bitcoin reserves…

Blockchain Use Beyond Bitcoin

Green Minerals isn’t just embracing Bitcoin, it’s betting on blockchain as a foundational technology for modernizing its operations. The company cited plans to deploy blockchain tools for:

• Mineral origin certification
• Supply chain transparency
• Operational efficiency

These are key areas of concern for regulators and stakeholders in the global mining sector. The ability to prove mineral provenance and ensure ethical sourcing through blockchain can provide a competitive edge and regulatory clarity.

Institutional Support for Bitcoin Is Rising

Green Minerals’ strategy comes at a time when institutional inflows into Bitcoin are accelerating. According to CoinShares, digital asset investment products attracted $1.2 billion in inflows in just last week, bringing the year-to-date total to $15.1 billion. Bitcoin accounted for $1.1 billion of those inflows, indicating strong demand from institutional investors.

Ethereum saw $123.8 million in weekly inflows, while multi-asset crypto products suffered outflows—suggesting focused interest in the leading assets. Green Minerals is tapping into this momentum at a time when demand for Bitcoin as a corporate reserve is resurging.

A growing number of publicly traded companies are adding Bitcoin to their balance sheets. Inspired by MicroStrategy’s aggressive Bitcoin accumulation strategy, more than 60 non-crypto firms have adopted similar approaches, according to Standard Chartered.

ProCap, led by Anthony Pompliano, recently bought 3,724 BTC for $386M just days after revealing IPO plans. Meanwhile, Japan’s Metaplanet secured $517M to expand its Bitcoin holdings.