Deep sea mining company Green Minerals AS has entered into a structured financing agreement with the global investment group LDA Capital (“LDA”) for a total commitment of NOK 250 million, aimed at the company's Bitcoin Treasury strategy.
On June 23, Green Minerals announced the introduction of a Bitcoin Treasury strategy as part of the company's overall blockchain strategy. This financial approach is designed to diversify the company's liquidity away from traditional fiat currencies.Green Minerals has set itself an ambitious goal: together with its partners to fund up to $1.2 billion through programs designed to increase its exposure to Bitcoin Treasury, which forms a cornerstone of its financing.
On June 25, Green Minerals announced its first purchase of 4 Bitcoin (BTC) at a total value of approximately $4.25 million.
Under the agreement announced on July 2, LDA Capital has granted Green Minerals a put option, which allows the company to issue new shares in a flexible manner consistent with market conditions. This ATM structure provides Green Minerals with the agility to withdraw capital as needed, optimizing shareholder value while reducing unnecessary dilution.
In addition, Green Minerals will grant LDA a call option, which entitles LDA to account for up to 1% of the company's share capital at NOK 6.95 per share. This option can be exercised for a period of 12 months.
“In a dynamic market environment, flexibility and persistence are key,” said Ståle Rodahl, Chairman of Green Minerals. “This facility provides us with a prudent and strategic mechanism to fund growth, while matching our long-term goal of increasing Bitcoin per share (BTC/share) by following both trends in digital assets and interest in the stock market.”
LDA Capital has a proven track record with over $11 billion invested in traditional capital markets and $400 million in Web3 investments.
Through this partnership, Green Minerals gains access not only to capital, but also to LDA's global network of TradFi and Web 3.0 portfolio companies, crypto-native advisors and strategic investors.
“This partnership underscores LDA's commitment to innovative and high-conviction opportunities,” said Warren Baker, co-founder and Managing Partner of LDA Capital. “We are proud to support Green Minerals as they pave the way for sustainable value creation at the intersection of natural resources and digital assets.
Deep sea mining company Green Minerals AS has entered into a structured financing agreement with the global investment group LDA Capital (“LDA”) for a total commitment of NOK 250 million, aimed at the company's Bitcoin Treasury strategy.
On June 23, Green Minerals announced the introduction of a Bitcoin Treasury strategy as part of the company's overall blockchain strategy. This financial approach is designed to diversify the company's liquidity away from traditional fiat currencies.Green Minerals has set itself an ambitious goal: together with its partners to fund up to $1.2 billion through programs designed to increase its exposure to Bitcoin Treasury, which forms a cornerstone of its financing.
On June 25, Green Minerals announced its first purchase of 4 Bitcoin (BTC) at a total value of approximately $4.25 million.
Under the agreement announced on July 2, LDA Capital has granted Green Minerals a put option, which allows the company to issue new shares in a flexible manner consistent with market conditions. This ATM structure provides Green Minerals with the agility to withdraw capital as needed, optimizing shareholder value while reducing unnecessary dilution.
In addition, Green Minerals will grant LDA a call option, which entitles LDA to account for up to 1% of the company's share capital at NOK 6.95 per share. This option can be exercised for a period of 12 months.
“In a dynamic market environment, flexibility and persistence are key,” said Ståle Rodahl, Chairman of Green Minerals. “This facility provides us with a prudent and strategic mechanism to fund growth, while matching our long-term goal of increasing Bitcoin per share (BTC/share) by following both trends in digital assets and interest in the stock market.”
LDA Capital has a proven track record with over $11 billion invested in traditional capital markets and $400 million in Web3 investments.
Through this partnership, Green Minerals gains access not only to capital, but also to LDA's global network of TradFi and Web 3.0 portfolio companies, crypto-native advisors and strategic investors.
“This partnership underscores LDA's commitment to innovative and high-conviction opportunities,” said Warren Baker, co-founder and Managing Partner of LDA Capital. “We are proud to support Green Minerals as they pave the way for sustainable value creation at the intersection of natural resources and digital assets.
