This Alphaville LLC research report from January 2025 revisits the investment case for Greenland, maintaining a “buy” rating and a $1.1tn valuation. Despite Greenland's shrinking size and economic challenges, the report highlights potential upside from renewed merger and acquisition speculation, particularly driven by America Corp's interest in acquiring the territory. The report also notes the strategic importance of Greenland's resources in the context of climate change and renewable energy. While acknowledging significant risks, the authors believe the alignment of interests between Greenland's stakeholders and America Corp increases the likelihood of a deal. A disclaimer mentions prior compensation received from Greenlandic entities.