Green Minerals, a deep-sea mining company, has signed a structured financing agreement with LDA Capital valued at 250 million Norwegian kroner (approximately $25 million). The funding will be used to strengthen the company’s Bitcoin treasury.
According to a press release, the deal grants Green Minerals a put option, enabling the company to issue new shares on a flexible basis depending on market conditions. The arrangement follows an “at-the-market” (ATM) structure, allowing the firm to access capital as needed over a 12-month period. This setup is designed to enhance shareholder value while minimizing the risk of unnecessary stock dilution.
In return, LDA Capital receives a call option, giving it the right to subscribe to up to 1% of Green Minerals’ total share capital at a fixed price of NOK 6.95 per share. This option can be exercised at any point during the one-year term.
If Green Minerals raises the full $25 million under this agreement, it could potentially acquire around 232.34 BTC based on current market prices.
As of now, Green Minerals has acquired roughly four Bitcoins but aims to significantly expand its holdings through ongoing funding efforts tied to its Bitcoin treasury strategy. The company’s ambitions come as Bitcoin makes modest gains, recently approaching the $107,000 mark and peaking at $107,724.
Executive Chairman Ståle Rodahl highlighted the importance of the company’s recent financing deal with LDA Capital, calling it a “strategic mechanism to fund growth” and a key component in advancing its BTC accumulation plans.
“In a dynamic market environment, flexibility and staying power is key,” Rodahl noted in a statement.
Earlier in June, Green Minerals announced a bold target to raise $1.2 billion to invest in Bitcoin over time. The company says the move reflects its long-term vision of leveraging digital assets to drive future financial growth.
