Norwegian Mining Firm Adopts Bitcoin as Treasury Reserve

Oslo-based seabed-mining firm Green Minerals is shifting its treasury reserves from kroner and dollars into bitcoin, calling the move a hedge against inflation and geopolitical risk.

The company says it is the first Norwegian industrial player to adopt a dedicated “Bitcoin Treasury Strategy,” and will make its initial purchase within days.

Chief executive Ståle Ølgaard explained that the firm’s long-term funding package—potentially worth up to $1.2 billion—will treat bitcoin as its primary reserve asset. Green Minerals also plans to publish a new performance gauge, “BTC per share,” so investors can see exactly how much of the cryptocurrency backs each share outstanding.

The decision is part of a broader digitisation programme. Beyond treasury operations, Green Minerals will pilot blockchain tools for tracing mineral provenance, verifying ESG certifications, and streamlining logistics across its supply chain. Management argues that early adoption will keep the company ahead of expected regulation in both mining and digital finance.

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Advisers have been hired to execute purchases and custody in what the firm calls a “fully transparent, auditable framework.” Green Minerals pledged to disclose wallet addresses and transaction details once the first tranche of bitcoin is secured.

By pairing a sustainable-resource mandate with a bitcoin-based balance sheet, the company hopes to position itself as a tech-savvy outlier in the nascent deep-sea mining sector—while offering shareholders a direct line to digital-asset upside.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.