A Norwegian firm best known for sustainable mineral extraction is making an unconventional move — using deep-sea mining profits to build a Bitcoin treasury.
Green Minerals AS has secured a structured financing deal worth NOK 250 million (roughly $23 million) from global investment group LDA Capital, aimed at supporting its growing digital asset strategy.
The agreement gives Green Minerals an “At-the-Market” (ATM) share issuance option, allowing it to sell new shares gradually based on market conditions, helping it avoid sudden dilution of shareholder value. As part of the deal, LDA Capital also secured a 12-month call option to purchase up to 1% of Green Minerals’ shares at NOK 6.95 each.
Company chairman Ståle Rodahl emphasized that this flexible financing structure is key to advancing their Bitcoin holdings strategy. “We want to increase our shares-per-Bitcoin ratio without compromising long-term sustainability,” he noted.
LDA Capital, which has already deployed $400 million into Web3 ventures and over $11 billion in traditional financing, said this partnership reflects its support for innovative capital structures that blend natural resource development with digital finance.
Green Minerals also clarified that it will draw down funds only in favorable market conditions, deciding the timing and size of each issuance independently. The company hinted that it may explore further financing deals but will make such decisions public if and when they arise.
