Green Minerals (GEM), a deep-sea mining company, purchased 4 BTC as part of its $1.2 billion Bitcoin treasury strategy to hedge against inflation and embrace decentralization.
Green Minerals plans to adopt blockchain technologies to modernize operations, enhance transparency, and maintain a strong balance sheet amidst economic disruptions.
The company aims to acquire $1.2 billion worth of Bitcoin using a BTC/share metric, integrate blockchain innovations, and improve technological efficiency in sustainable mining operations.
Green Minerals is part of a growing trend as 245+ companies hold around $88 billion in Bitcoin on balance sheets, aiming to add value to the digital asset despite a 20% stock price drop post-announcement.