Norway’s Green Minerals to buy $1.2 billion in Bitcoin, citing fiat risk hedge
- Green Minerals has launched a $1.2B Bitcoin Treasury Strategy to hedge against fiat risk.
- Trump’s return and shifting Wall Street attitudes are reigniting institutional interest in Bitcoin.
Green Minerals, a Norwegian deep-sea mining company, formally entered the crypto space by acquiring four Bitcoins [BTC] worth approximately $420,000.
This 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.
This move places the Norwegian firm among a rapidly growing cohort of publicly traded companies adopting Bitcoin as a treasury reserve asset.
Executive stance: Bitcoin as a balance-sheet hedge
According to its official statement, the Bitcoin purchase was the first step in a long-term treasury strategy aimed at hedging against fiat devaluation, inflation, and geopolitical uncertainty.
Remarking on the same, Executive Chairman of Green Minerals, Ståle Rodahl, said,
“Bitcoin’s decentralized, non-inflationary properties make it an attractive alternative to traditional fiat. By integrating a Bitcoin Treasury Strategy, we are not only mitigating fiat risks but also reaffirming our commitment to financial innovation and the sustainable creation of long-term value.”
Is Green Minerals following Strategy?
Green Minerals’ broader plan appears to mirror the bold strategy of Strategy (formerly MicroStrategy), which famously began accumulating Bitcoin in 2020 and now holds over $63 billion worth.
MicroStrategy’s aggressive crypto pivot has seen its stock surge more than 3,000% since 2020, coinciding with Bitcoin’s meteoric rise past $110,000.
According to Standard Chartered, 61 publicly listed firms with no core crypto focus have adopted similar treasury strategies, reinforcing Bitcoin’s emerging role as a hedge against traditional financial risks.
Market reaction stays modest—for now
The move has already had a noticeable effect on investor sentiment, with the company’s stock seeing a 0.68% uptick, trading at 0.45 EUR according to Google Finance.
In fact, seeing the rise in Bitcoin adoption, even JPMorgan, once a vocal critic of digital currencies, is beginning to warm up to the space.
CEO Jamie Dimon recently disclosed plans to allow clients access to Bitcoin investments, signaling a broader shift in Wall Street’s approach to crypto.