Oslo, Norway – June 23, 2025 – Green Minerals, a publicly traded Norwegian energy and mining company, has announced its intention to purchase $1.2 billion worth of Bitcoin, positioning itself as one of Europe’s largest institutional crypto investors to date.
The acquisition plan, disclosed during a press briefing early Monday, will unfold over the next six months. The company’s board approved the move as part of a long-term strategy to hedge against inflation and reduce reliance on traditional fiat reserves. Green Minerals will reportedly use existing treasury funds and a mix of sustainable financing methods to execute the purchase.
“We believe Bitcoin is not only a technological breakthrough but a financial safe haven in a time of increasing macro uncertainty,” said Lars Eriksen, CEO of Green Minerals. “This strategic move reflects our belief in digital assets as the new foundation for treasury diversification.”
Green Minerals has long branded itself as a forward-thinking, ESG-compliant mining company focused on seabed resource exploration. The announcement marks a dramatic shift in the company’s financial strategy and signals a rising trend of ESG-aligned firms embracing Bitcoin.
Market analysts speculate that this announcement could spark renewed institutional momentum in the crypto sector, especially in Europe, where regulatory clarity has been advancing rapidly.
This development comes on the heels of similar large-scale Bitcoin acquisitions by U.S. companies like MicroStrategy and Tesla in previous years. However, Green Minerals’ move is the largest Bitcoin acquisition plan ever announced by a European firm.
With Bitcoin trading at around $67,000, the planned purchase could represent a buying volume of nearly 18,000 BTC, depending on market fluctuations. The company has yet to disclose its exact purchasing schedule, citing “market sensitivity.”
Green Minerals' stock surged nearly 12% following the announcement, reflecting investor optimism about the strategic shift.