Green Minerals Secures $25M Financing to Grow Bitcoin Holdings
Green Minerals, a deep sea mining firm, has entered into a NOK 250 million ($25 million) structured financing deal with LDA Capital to bolster its Bitcoin treasury strategy. The agreement uses an at-the-market (ATM) share issuance structure, allowing Green Minerals to raise funds flexibly over a 12-month period.
Flexible Capital Structure to Minimize Dilution
The deal includes a put option that lets Green Minerals issue new shares based on market conditions. This provides capital access when needed while helping maintain shareholder value and minimizing unnecessary stock dilution. Meanwhile, LDA Capital receives a call option, enabling it to subscribe for up to 1% of the company’s shares at NOK 6.95 each at any point over the next year.
A Strategic Push Toward Bitcoin Accumulation
At current market rates, if Green Minerals raises the full $25 million, it could acquire around 232.34 BTC. As of now, the company holds approximately four Bitcoins but aims to significantly expand this figure through targeted funding strategies.
BTC is currently recovering, approaching the $107,000 mark with a recent high of $107,724. This aligns with Green Minerals’ bullish stance on Bitcoin as a long-term store of value.
Leadership Sees Bitcoin as Core to Growth
Executive Chairman Ståle Rodahl called the LDA deal a “strategic mechanism to fund growth,” emphasizing the importance of flexibility and resilience in a volatile market.
Earlier in June, the firm revealed its ambitious goal to raise $1.2 billion to invest in Bitcoin, a move it describes as part of its broader financial strategy to leverage digital assets for sustainable growth.
