Norwegian Deep Sea Mining Firm Plans $1.2B Bitcoin Treasury

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Norwegian deep-sea mining firm Green Minerals AS says it plans to create a Bitcoin treasury and is aiming to raise $1.2 billion to buy and hold Bitcoin long-term.

Green Minerals said on Monday that the plan is part of a wider blockchain strategy that aims to diversify the company’s investments from fiat currencies and support its future project plans.

Green Minerals executive chair Ståle Rodahl said in a statement that Bitcoin (BTC) is an “attractive alternative to traditional fiat,” and the hope is that adding it to the firm’s balance sheets…



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Norwegian Deep Sea Mining Firm Plans $1.2B Bitcoin Treasury


Norwegian deep-sea mining firm Green Minerals AS says it plans to create a Bitcoin treasury and is aiming to raise $1.2 billion to buy and hold Bitcoin long-term.

Green Minerals said on Monday that the plan is part of a wider blockchain strategy that aims to diversify the company’s investments from fiat currencies and support its future project plans.

Green Minerals executive chair Ståle Rodahl said in a statement that Bitcoin (BTC) is an “attractive alternative to traditional fiat,” and the hope is that adding it to the firm’s balance sheets…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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