Following the announcement, Bitcoin's price experienced a bullish breakout above $94,500, indicating strong market interest and potential for further gains.

Institutional interest in cryptocurrency is on the rise, with $1.5 billion flowing into crypto funds the week prior to Green Minerals' announcement.

This initiative reflects a broader trend among corporations adopting Bitcoin as a hedge against inflation and monetary instability.

Green Minerals aims to position itself as a leader in sustainable mineral extraction while innovating in financial and technological practices.

The company envisions using blockchain technology to enhance transparency in mineral sourcing and supply chain integrity, which are increasingly scrutinized areas for Norwegian mining companies.

Despite facing regulatory challenges, including a proposed temporary ban on new power-intensive crypto mining operations by the Norwegian government, Green Minerals is poised to leverage Bitcoin's potential.

Norwegian mining company Green Minerals has announced plans to raise up to $1.2 billion to build a Bitcoin reserve, marking its strategic entry into the blockchain space.

This investment is viewed as a critical aspect of the company's economic future, as it aims to diversify its portfolio and hedge against inflation.

Executive Chairman Ståle Rodahl highlighted the importance of financial innovation and resilience against inflation and geopolitical risks through this Bitcoin strategy.

By integrating Bitcoin into its balance sheet, Green Minerals is moving away from traditional fiat currencies and aims to enhance its treasury.

The Bitcoin reserve strategy is designed to complement the company’s core operations and will support large-scale equipment needs and project development.

To ensure transparency, Green Minerals plans to introduce a new key performance indicator called Bitcoin per share (BTC/share), helping shareholders understand the value of their digital assets.