A Norway-based giant mining company has added another investment in Bitcoin! Here are the details.

Norway-based deep-sea mining and sustainable mineral extraction company Green Minerals AS announced that it has signed a structured financing agreement worth 250 million Norwegian krone, approximately 23 million dollars, with global investment group LDA Capital to support its Bitcoin treasure strategy.

Green Minerals Signed a Financing Agreement of 250 Million Norwegian Kroner to Boost Bitcoin Reserves

According to the statement made by the company, under this 12-month agreement, LDA Capital provided Green Minerals with an At-the-Market (ATM) equity issuance option. This allows the company to flexibly issue new shares depending on market conditions. This structure aims to preserve the value for investors and prevent unnecessary shareholder dilution.

Additionally, LDA Capital will have the right to purchase up to 1% of Green Minerals' shares at a price of 6.95 NOK per share. This "call option" will be valid for 12 months.

Ståle Rodahl, Chairman of the Board of Green Minerals, stated in a related announcement, "In market conditions where volatility is high, flexibility and sustainability are the most important factors. This financing model provides us with a strategic maneuvering space in line with our goal of increasing our share ratio per Bitcoin."

LDA Capital has completed over 11 billion dollars in traditional financing and a 400 million dollar Web3 investment to date. This partnership with Green Minerals is seen as a reflection of the flexible financing structures developed specifically for companies adopting digital asset treasury strategies.

LDA Capital Founding Partner Warren Baker stated, "We are pleased to support Green Minerals' sustainable value creation strategy that bridges digital assets and natural resources. This collaboration showcases LDA's commitment to innovative opportunities."

Green Minerals announced that it will only use the funding in installments under suitable market conditions and that it will make decisions regarding the timing and amount of each use entirely at its own discretion.

The company stated that it will inform the public in case there are additional financing agreements in the future.