Green Minerals has deployed a $1.2 billion Bitcoin Treasury Strategy to hedge against fiat risks.
Trump's return and the changing positive attitudes on Wall Street are rekindling institutional interest in Bitcoin.
Green Minerals, a Norwegian deep-sea mining company, officially entered the cryptocurrency market by purchasing four Bitcoin [BTC] worth about $420K.
The move is part of a broader $1.2 billion Bitcoin Treasury Strategy, aimed at reducing reliance on fiat currencies and hedging against inflation and geopolitical risks.
With this move, Green Minerals is among the publicly listed companies joining the trend of turning Bitcoin into a treasury reserve asset.
Governance Policy: Bitcoin as a Balance Sheet Hedging Tool
According to the official statement, the purchase of Bitcoin is the first step in a long-term treasury strategy to combat fiat currency devaluation, inflationary pressures, and an unstable geopolitical landscape.
Green Minerals Chairman of the Board of Directors, Mr. Ståle Rodahl, shared:
“Bitcoin’s decentralization and non-inflationary nature make it an attractive alternative to traditional fiat currencies. Through our Bitcoin Treasury strategy, we not only mitigate fiat risks but also reaffirm our commitment to financial innovation and long-term sustainable value creation.”
Is Green Minerals following any strategy?
Green Minerals' plan appears to mimic the bold strategy of Strategy (formerly MicroStrategy), which famously began accumulating Bitcoin in 2020 and now owns more than $63 billion in the cryptocurrency.
MicroStrategy's aggressive pivot to cryptocurrencies has helped its stock surge more than 3,000% since 2020, coinciding with Bitcoin's meteoric rise to above $110,000.
According to Standard Chartered, 61 publicly listed companies that are not specialized in cryptocurrencies have adopted similar treasury strategies, strengthening Bitcoin’s emerging role as a hedge against traditional financial risks.
Market reaction remains cautious — at least for now
The move had a slight impact on investor sentiment, with the company's share price up 0.68%, trading at €0.45 according to Google Finance.
Even JPMorgan, once skeptical of cryptocurrencies, is now embracing the space.
CEO Jamie Dimon revealed plans to open up Bitcoin investment products to clients, signaling a major shift in how Wall Street embraces cryptocurrencies.
Source: https://tintucbitcoin.com/green-minerals-mua-12-ty-usd-bitcoin/
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