Deep-Sea Mining Meets Deep-Pocket Bitcoin: Green Minerals' $1.2B Crypto Play

Green Minerals AS, a Norwegian deep-sea mining company, has recently launched a significant Bitcoin treasury initiative, valued at $1.2 billion. The company initiated this strategy on June 25, 2025, by acquiring four Bitcoin for approximately 4.25 million Norwegian kroner (about $420,000, or $105,000 per Bitcoin). This initial purchase marks the beginning of a broader plan to diversify Green Minerals’ treasury assets, primarily as a hedge against inflation and risks associated with traditional fiat currencies. The company’s leadership, particularly Executive Chairman Ståle Rodahl, has emphasized the decentralized and non-inflationary properties of Bitcoin as key advantages over conventional reserves. Rodahl described the strategy as an essential safeguard against currency debasement and global economic instability.

Green Minerals intends to allocate the entire $1.2 billion toward Bitcoin acquisitions and is seeking to establish partnerships with other firms to achieve this goal. To enhance transparency for shareholders, the company will introduce a “bitcoin-per-share” metric, providing real-time data on the value of its digital asset holdings.

This initiative reflects a broader trend in which public companies are increasingly integrating cryptocurrencies into their balance sheets to preserve long-term value and improve operational resilience. Nevertheless, the market’s reaction to Green Minerals’ announcement was immediate and pronounced: the company’s shares experienced a sharp decline of nearly 20% before partially recovering. This volatility highlights the considerable scrutiny and uncertainty that can accompany corporate moves into substantial cryptocurrency holdings.