A Norwegian offshore mining company, Green Minerals, has joined the growing ranks of companies acquiring Bitcoin for their corporate treasuries.
Norwegian Deep-Sea Miner Starts Acquiring Bitcoin for Treasury Strategy
26 June 2025 - 12:32 CEST
As a first step, Green Minerals purchased 4 Bitcoin for NOK 4.25 million (an average cost of about $105,000 per coin) the company said in a Wednesday 25 June statement, after announcing the crypto treasury strategy earlier in the week.
Blockchain initiative
Green Minerals has positioned the investment as a cornerstone of its broader blockchain initiative, which it says is aimed at enhancing supply-chain transparency, mineral origin certification, and improving operational efficiency. The company also maintains that blockchain will enable it to stay competitive and navigate future regulatory headwinds.
Green Minerals and its partners plan to raise up to $1.2 billion to expand the company’s Bitcoin holdings, diversifying its treasury away from fiat currencies “which face increasing risks due to inflation and geopolitical uncertainty,” according to the statement. To track progress, the company will introduce a “Bitcoin per share” key performance indicator.
Strategic move
“This strategic move reinforces Green Minerals' position not only as a leader in sustainable mineral extraction but also as an innovator in financial and
technological practices,” said the company’s CEO Ståle Rodahl.
Since Michael Saylor’s Strategy started accumulating Bitcoin in 2020, the number of companies hoarding the original cryptocurrency has ballooned to 136, according to Bitcointreasuries.net.
Altogether, the mainly crypto-focused companies own about $89 billion of the coin. The Norwegian firm’s diversification underscores that corporate Bitcoin treasuries are gaining traction beyond purely crypto, financial, or tech-focused firms.
Other investments
Two other new entrants to the Bitcoin treasury space communicated their activities this week.
UK-based minerals exploration and development company Panther Metals bought one bitcoin on Tuesday, just one day after unveiling plans to fund a £4 million ($5.4 million) Bitcoin treasury.
UK-based venture capital firm Vaultz Capital announced Tuesday morning the purchase of 10 Bitcoin, for a total of £775,000 ($1.1 million), marking the start of its long-term, multi-year treasury policy.
