Green Minerals, a Norwegian mineral mining company, announced plans to establish a Bitcoin treasury with investments up to $1.2 billion. The firm aims to acquire its first Bitcoin shortly as part of a broader strategy to integrate blockchain technology into their operations. According to Executive Chairman Ståle Rodahl, Bitcoin's decentralized and non-inflationary characteristics present an appealing alternative to traditional fiat. The company's core operational strategy will remain unchanged, but the Bitcoin treasury program is expected to support its project plans. Despite the announcement, Green Minerals' stock saw a significant decrease of nearly 35%. This decision aligns with a trend where publicly traded companies are pivoting towards cryptocurrency accumulation, with 245 companies currently holding over $88 billion in Bitcoin. Norway's governmental stance on deep-sea mining and crypto operations is being reconsidered, potentially impacting Green Minerals' future endeavors.

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