Hold your breathâbecause Green Minerals (GEM), a Norwegian deep-sea mining company, just dove head-first into Bitcoin$BTC ! đđ°
They kicked things off by scooping up just four $BTC (yep, thatâs about $420K)âbut this is just the first ripple of a massive $1.2 BILLION crypto wave coming to their treasury.
> âBitcoin$BTC is our inflation shield,â said Executive Chairman StĂ„le Rodahl, calling it a smarter store of value than cash. đ
đ But hereâs the twist: after the big announcement, GEMâs stock plunged nearly 20%. Ouch. Seems investors werenât ready for this deep dive.
Still, Green Minerals is pushing forward with a clear BTC-per-share tracker, so shareholders know exactly how much Bitcoin backs their slice of the pie. đ°
They join over 245 public companies now stacking satsâcollectively holding $88B+ in BTC. đ
GEM says its mining goals remain solid, but this Bitcoin bet is about âfuture-proofingâ their strategy with tech.
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Why It Matters: Green Minerals isnât just digging the ocean floor anymoreâtheyâre digging into the future of money. Could this be a bold pivot or just deep trouble?
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What do you think? Is this genius or too risky? đŹđ