"Greenland's freshwater reserves, a massive 10% of all reserves found on Earth, can mostly be understood as frozen capital, not a readily available supply," Nick Kraft, senior analyst working on water, agriculture and responsible investing at Eurasia Group, told CNBC.

President Donald Trump landed in the hot seat once again after posting a late-night Truth Social threat hinting at a speedy Greenland takeover. “NATO has been telling Denmark, for 20 years, that ‘you have to get the Russian threat away from Greenland’,

Ahead of planned protests in Denmark and Greenland, a bipartisan delegation of US lawmakers reaffirmed their opposition to US President Donald Trump's desire to control the Arctic island at a press conference in Copenhagen on Saturday.

People in the Greenland capital of Nuuk said they were glad the first meeting between Greenlandic, Danish and American officials had taken place but suggested it left more questions than answers. (AP

The U.S. president isn’t ruling out aggressive steps to take control of Greenland, but he struck a more conciliatory tone on Tuesday.

European leaders criticise stance on Arctic island, with French president taking aim at ‘useless aggressivity’

Donald Trump erupted in a late-night Truth Social tirade at a key NATO ally, blasting the United Kingdom for what he called an act of “GREAT STUPIDITY” while escalating his pressure campaign over Greenland.

The U.S. has mulled buying Greenland in the past, including an unsuccessful plan in 1867 proposed by Secretary of State William H. Seward, who is remembered for buying Alaska from Russia in the same year.