The Norwegian operating company on Green Mineral minerals, as it indicates that it plans to create a bitcoin treasure and aims to raise $ 1.2 billion to buy and maintain long -term bitcoin.
Green Minerals said on Monday that the plan was part of a wider blockchain strategy that aims to diversify the company’s investments from fiduciary currencies and support its future project plans.
The executive president of Green Minerals, Ståle Rodahl, said in a statement that Bitcoin (BTC) is an “attractive alternative to the traditional fiat”, and hope is that adding it to the business balances will help by “attenuating the risks of Fiat”.
“With important future future capital expenses provided for production equipment, the program offers robust coverage against the discharge of currencies.”
First bitcoin buy to come in the coming days
Green Minerals said that with his partners, he plans to finance up to $ 1.2 billion with programs designed to increase his Bitcoin treasure, and aims to buy his first Bitcoin in the coming days.
Green minerals could buy around 11,255 bitcoin for $ 1.2 billion, with it currently negotiating about $ 106,500.
The company also said that it would launch a key performance indicator, the new metric according to the Bitcoin value attributable to each action.
Adoption of blockchain on cards
The mining company has also reported adoption plans for blockchain technology “to stay at the forefront of competition and any future regulatory requirement”.
“Green Minerals also sees that blockchain technology has an important role to play in mining to ensure the transparency of the supply chain, mineral certification and operational efficiency,” added the company.
In relation: Metaplanet shares jump after 5.4 billion dollars to buy bitcoin
Storage after the crypto announcement
Green Minerals’ shares closed a gain of 300% on Monday with its ad, going to 68 hundred euros (79 cents); However, its share price fell on Tuesday to close more than 34% to 44 hundred euros (51 cents), according to Google financing data.
Some companies have seen their increase in stock prices after announcing a Bitcoin purchase plan.
In May, the shares of the Indonesian company Fintech Digiasia Corp almost doubled, up 91%, after the company declared that it collected $ 100 million to sow its first of many purchases.
But not all have known the peak, however. The Norwegian crypto brokerage company K33 also announced in May its intention to buy and maintain the cryptocurrency, but its share price exchanged flat, down 1.96%.
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