Norwegian mining company Green Minerals has announced an ambitious plan to raise $1.2 billion, in collaboration with corporate partners, to establish a dedicated Bitcoin treasury. This move is part of the company’s broader blockchain and digital asset strategy.
According to a press release, Green Minerals intends to raise the capital over time to purchase Bitcoin and steadily grow its cryptocurrency holdings. While many companies setting similar targets provide clear timelines, Green Minerals has not specified when it expects to reach the $1.2 billion goal.
“Green Minerals has set an ambitious target: to together with its partners finance up to USD 1.2 billion with programs designed to increase its Bitcoin Treasury exposure forming a cornerstone of the financing,” the company stated.
The company emphasized that this initiative reflects its long-term commitment to integrating digital assets into its financial model and fostering future growth. Executive Chairman Ståle Rodahl highlighted global economic uncertainty as a motivating factor for the move, noting Bitcoin’s potential as a hedge against fiat currency risks.
“By integrating a Bitcoin Treasury Strategy, we are not only mitigating fiat risks but also reaffirming our commitment to financial innovation and the sustainable creation of long-term value,” said Rodahl.
Despite this strategic shift, Green Minerals confirmed that its core operational objectives remain unchanged. The Bitcoin Treasury initiative is meant to complement, not replace, its existing business plans. To increase transparency, the company also plans to introduce a new metric called the Bitcoin per Share Indicator, a key performance indicator that will reflect the Bitcoin value attributable to each share. This is similar to Metaplanet’s Bitcoin Yield metric, used by other BTC-focused firms.
The move comes amid a wave of institutional interest in Bitcoin. Companies across the blockchain sector—both long-time adopters and newcomers—have been setting aggressive BTC accumulation targets, helping to drive the latest rally in Bitcoin’s price, which is now being fueled more by institutional investment than retail demand.
In a similar vein, another Norwegian company, K33, recently announced plans to raise approximately $8.8 million (85 million SEK) through new share issuance to acquire up to 1,000 BTC.
