Strengthening Financial Resilience Through Bitcoin

Executive Chairman Ståle Rodahl explained the reasoning behind this shift:
“In a time of aggressive monetary expansion, maintaining a solid balance sheet is more important than ever. Bitcoin’s decentralized and inflation-resistant nature aligns perfectly with our long-term capital preservation and growth objectives.”

According to Rodahl, this decision not only mitigates fiat-related risks but also reflects Green Minerals’ dedication to financial innovation.

$1.2 Billion Target Backed by Strategic Partnerships

Green Minerals plans to raise up to $1.2 billion in funding alongside its partners, with a significant portion allocated to building its Bitcoin reserves. This strategy aligns with the first HEDSM (Highly Efficient Deep-Sea Mining) program under the company’s “Partnership for Responsible Production” framework.

Introducing BTC/Share for Greater Transparency

To increase transparency for investors, Green Minerals will launch a new performance metric called “BTC/share.” This indicator will reflect the amount of Bitcoin held per share, providing clear visibility into the company’s digital asset backing.

Blockchain Integration Across the Supply Chain

Beyond treasury management, the company sees blockchain as a powerful tool to improve supply chain transparency, verify mineral sourcing, and boost operational efficiency. By integrating blockchain technology throughout its processes, Green Minerals aims to stay ahead of industry standards and future regulatory expectations.

First Bitcoin Purchase Just Days Away

Green Minerals is preparing to complete its initial Bitcoin acquisition in the coming days. The company has committed to maintaining transparency throughout the rollout and will provide regular updates on the progress and performance of the strategy.

This strategic decision positions Green Minerals not only as a leader in sustainable mining, but also as an innovator in financial and technological transformation within the resource extraction sector.

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The post Green Minerals Announces Billion Dollar Bitcoin Treasury Strategy! appeared first on Coin Engineer.

Designed by Sky Mavis, Ronin is an Ethereum sidechain meant to complement the play-to-win web3 game Axie Infinity.

Sky Mavis posted on X Friday, “The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) has successfully frozen and returned 5.7 MUSD in stolen assets from the Ronin bridge incident.”

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As stated by the Axie Infinity web3 game developer, the process of getting the assets back requires the intervention of police, lawyers, accountants, and blockchain tracing firms such as Chainalysis. It was confirmed that 15% of the funds will go towards expenses, while the rest will go to the Axie Infinity treasury.

“We kindly want to publicly thank everyone who helped with the recovery efforts, especially Økokrim and the FBI in the US, for their relentless search and recovery of these assets for the Axie and Ronin communities,” Sky Mavis said.

The game developer claimed that the law enforcement authorities have seized about $40 million in related assets so far; however, the process of reclaiming these would take some time, and the company could not give an exact timeline on when it would be possible.

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According to the data dashboard of The Block, the Ronin attack in March 2022 remains the largest DeFi hack to date, with a loss of approximately $600 million in crypto assets. Besides other attacks, such as the $100 million Harmony bridge hack in January 2023, the attack has been attributed to the North Korean cybercrime team, Lazarus Group.

The hack stole 173,600 ETH (about $590 million at the time) and USDC stablecoins worth $25.5 million.

In particular, the attackers were able to compromise five out of nine genuine validator private keys on the Ronin network during the attack. After that, the attacker was able to authorize and execute fake transactions to steal the funds from the Ronin bridge, a bridge that transfers assets from the Ronin sidechain to the Ethereum mainnet.

The post Ronin Exploit: $5.7M Recovered by Norway appeared first on Coin Engineer.