#btc $BTC
Norway-based deep-sea mining and sustainable mineral extraction company Green Minerals AS has announced that it has signed a structured financing agreement worth 250 million Norwegian crowns (approximately $23 million) with global investment group LDA Capital to support its Bitcoin treasury strategy.
Green Minerals Signs 250 Million NOK Financing Deal to Grow Bitcoin Treasury
According to the company, under this 12-month agreement, LDA Capital has granted Green Minerals an ATM (At-the-Market) share issuance option, which will allow the company to flexibly issue new shares depending on market conditions. This structure aims to both protect investor value and prevent unnecessary shareholding dilution.
In addition, LDA Capital will have the right to purchase up to 1% of Green Minerals’ shares at a price of NOK 6.95 per share. This call option will be valid for 12 months.
“In volatile market conditions, flexibility and sustainability are key factors. This financing model offers us strategic leeway in our goal of increasing our shares per Bitcoin ratio,” said Green Minerals Chairman Ståle Rodahl
