Deep-Sea Mining Firm Green Minerals to Invest $25M in Bitcoin

In a bold move beyond the seabed, deep-sea miner Green Minerals has secured a $25 million deal to expand its Bitcoin treasury, joining a growing number of traditional firms that are turning to crypto as a strategic asset.

The financing agreement, backed by global investment firm LDA Capital, allows Green Minerals to sell new shares over the next twelve months to raise 250 million Norwegian kroner (approximately $25 million).

This capital will be used to expand the company’s Bitcoin holdings, signaling a strategic shift in treasury management as it embraces digital assets alongside its core mining operations.

LDA Capital also has the right to purchase up to 1% of Green Minerals’ shares at a fixed price of NOK 6.95 within the same period, offering further flexibility for both parties.

Green Minerals Set to Boost Bitcoin Treasury

If Green Minerals utilizes the full $25 million from this deal, it plans to purchase approximately 232.34 BTC based on current prices. This is a key part of Green Minerals’ plan to diversify its investments and expand its Bitcoin portfolio.

The company currently holds approximately four BTC and aims to acquire many more as part of its strategy. This news emerges as Bitcoin has seen small increases, demonstrating its strength as it approaches $107,000, having recently reached a high of $107,724.

Ståle Rodahl, Executive Chairman of Green Minerals, noted about the deal, stating:

This financial agreement with LDA Capital gives us a smart way to fund our growth while also helping us reach our goal of increasing our Bitcoin holdings. In a dynamic market environment, flexibility and staying power is key.

In June, Green Minerals announced a goal to raise $1.2 billion, specifically to purchase Bitcoin and expand its digital currency reserves. The company stated that it is tying this goal to its commitment to utilizing digital assets to secure its long-term financial stability and maintain a competitive edge.

Shift in Treasury Focus

Green Minerals is not the only traditional firm making a bold bet on Bitcoin. Others around the world are beginning to rethink how they manage their balance sheets, and crypto is suddenly on the table.

In the Middle East, Bahrain’s Al Abraaj Restaurant Group has made headlines as the first publicly traded company in the region to adopt Bitcoin for its treasury. The firm teamed up with 10X Capital, a New York-based investment firm focused on crypto strategies, to acquire 5 BTC, worth roughly $510,000.

The decision didn’t happen overnight. Al Abraaj says it followed months of research and compliance checks, all in line with guidance from the Bank of Bahrain. But in the end, the conclusion was clear: Bitcoin isn’t just a tech trend; it’s a treasury tool. Like Green Minerals, the company is hoping that a slice of crypto can help secure its financial future in an unpredictable market.

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