- Green Minerals invests $1.2B in Bitcoin to hedge inflation risks.
- Company shifts treasury strategy, reducing reliance on unstable fiat currencies.
- Blockchain to improve transparency, traceability, and mining supply chain efficiency.
Green Minerals, a company based in Norway, is well known for its work in deep-sea mining and sustainable mineral extraction. Recently, the company made an important announcement. It has adopted a Bitcoin Treasury Strategy. This resolution is the first step for Green Minerals to adopt the concept of blockchain technology on a larger scale.
Green Minerals Turns to Bitcoin to Escape Inflation Risk
This move is chiefly caused by the need to save the financial situation of the company. Green Minerals would like to decrease its dependence on the regular currencies. These are the currencies that are influenced by inflation and the instability in the world politics. Investing in Bitcoin, the company wants to be sure that its assets are safe and they will not lose their place in the world where everything can change at any moment.
Executive Chairman Stale Rodahl clarified the situation at the company. He remarked that we are in an age of monetary inflation. Even more now when conditions are weak, a good balance sheet is important. In his view, Bitcoin is a decentralized system that is not tied to inflation like other currencies, which makes it a good alternative.
Under this plan, Green Minerals has set a target of raising an amount up to 1.2 billion US dollars. Partners will be involved in realizing this aim. Significant bit of this money will be spent in order to develop the Bitcoin reserves of the company. It is a set strategy. The company is sure that due to Bitcoin it is possible to overcome the risks in the future and be ready to the long-term development.
Meanwhile, Green Minerals is also paying attention to other applications of blockchain. As an example, the blockchain can enhance transparency in the supply chain. It is also useful to confirm the origin of minerals and enhance the efficiency of operations. This can be useful in terms of the compliance to new regulations as well as with keeping ahead of the rivals.
Bitcoin Strategy to Support Green Minerals’ Core Projects
Although the company is moving into digital assets, its main focus remains the same. Green Minerals remains dedicated to its central business in sustainable mineral mining. The Bitcoin Treasury Strategy is meant to endorse, not substitute, these objectives. The company reckons that it can have a good financial foundation for upcoming projects through digital assets. These would comprise investments in equipment and infrastructure required for deep-sea mining.
Another thing that should be mentioned is that other firms take the same steps. Such as ProCap, which recently increased its position in Bitcoin. Strategy, which used to be called MicroStrategy, and Know Labs and Metaplanet have also added Bitcoin to their balance sheets. All these demonstrate that the global business community is getting more interested in Bitcoin.
Green Minerals also aims at transparency. The firm desires to handle its ownership of Bitcoin in an open and accountable manner. To this end, it will develop a safe platform for purchasing, storing, and reporting on Bitcoin. A new measurement by the name of Bitcoin per share will also be introduced in the company. This will demonstrate to the shareholders the value of Bitcoin that is attached to the number of shares held by each of them.
Lastly, Green Minerals makes a brave and progressive move. This company is already looking to the future by investing in Bitcoin and implementing blockchain in its business. This plan is likely to enable Green Minerals to expand and remain safe in a world undergoing changes.
