The Norwegian mining company, Green Minerals, said on Monday that it planned to start buying Bitcoin as part of its wider plan to be exposed to blockchain technologies, and aims to raise $ 1.2 billion to increase its BTC reserves.
This step reflects the increase in institutional interest in the use of Bitcoin as a conversation against inflation and instability in cash; The Norwegian company said in a statement that it had adopted the strategy of establishing a Bitcoin currency treasure in order to diversify its assets far from official currencies and the support of its public budget.
Green Minerals builds Bitcoin as a tool to cover yourself against the low currency value
The CEO of the Board of Directors, Rodal, described this step as very natural for a company with long -term capitalist needs and a future aspect, and declared that the nature of Bitcoin is not inflationary ensures protection against a decrease in the value of currencies at a time of “great expansion in cash”.
For this, Green Minerals plans to launch its first Bitcoin acquisition in the coming days and will cooperate with specialists in this field to develop a transparent and safe framework to manage these properties.
In addition, the company will provide a new scale, which is the percentage of Bitcoin currencies for each action (BTC / Part), in order to give shareholders a clear vision of the value of the digital assets associated with their classes in the company.
The company says Bitcoin will improve access to capital without changing its basic mission
The company said that this strategy ends its basic operations and does not replace it, as it aims to create a Bitcoin reserve to help finance its equipment needs and develop projects over time.
In addition, the company is a blockchain technology as a tool to improve transparency in the identification of mineral sources, the integrity of the supply chain and organizational compliance, which are major areas where Norwegian mining companies are subject to an increased exam.
This financing trend will be part of a large investment program which has been launched within the framework of a partnership held by the company for the partnership for responsible production, which considers digital assets as an integral part of its growth model, where the company considers that the currency of the BTC can function as an origin of the treasury and a financial lever to achieve money from the more effective hope markets.
Green Minerals joins the management of companies listed on the Stock Exchange, which uses Bitcoin to grow
It should be noted that Green Minerals joins an increasing number of listed companies that use Bitcoin in its reserves. According to Standard Charted, more than 60 companies unrelated to Cripto have added Bitcoin to their public budget in recent years, following the company Microstrategy. Consequently, the company began to follow a strict strategy in 2020 to buy bitcoin parts to help it increase its stock market by more than 3,000%.
As for companies such as Green Minarals, Bitcoin receives something that individual investors cannot easily repeat, because public enterprises can often collect capital via convertible debt markets, which allows them to buy large amounts of bitcoin. This reality is an addition of the fact that its actions are often negotiated with a price allowance compared to the digital assets it has, to do this of institutional adoption as a solid financial status.
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