Green Minerals Purchases Four Bitcoin for $420,000 Under Treasury Strategy
Green Minerals (GEM), a Norwegian deep-sea mining firm, purchased four bitcoins for approximately 4.25 million Norwegian kroner ($420,000), equating to $105,000 per token. This acquisition aligns with its $1.2 billion treasury strategy announced earlier.
Key points include:
- Transitioning to a tech-integrated model
- Bitcoin viewed as a hedge against inflation and fiat debasement
- Over 245 companies now hold bitcoin, with a 13% increase in the past month
- Combined holdings exceed $88 billion
- Company shares fell nearly 20% post-announcement, recently down 2%
- Planned framework for transparent management of bitcoin holdings
- Core operational strategy remains unchanged, supporting project plans