The estimate is part of planning around Trump’s efforts to bring Greenland into the U.S. fold, with Secretary of State Marco Rubio tasked with crafting a proposal to purchase the semi-autonomous Danish territory.

President Trump said on Wednesday that “anything less than” getting Greenland would be “unacceptable,” hours before the first meeting between the governments of Greenland, Denmark and the United States since he escalated his push to buy or get the semiautonomous Danish territory.

President Donald Trump has had his sights set on Greenland for years. He first offered to buy the island, an autonomous territory within the Kingdom of Denmark, in 2019 during his first term in what he described as “essentially a real estate deal.

A Republican congressman from Florida introduced a bill Monday to annex Greenland and make it the 51st U.S. state as President Trump threatens to seize the autonomous Danish territory.

Greenland’s prime minister categorically ruled out joining the US and said the Arctic territory prefers to be in a union with Denmark, suggesting the island is putting independence plans on the back burner for now.

Greenland’s prime minister said he was trying to end a "geopolitical crisis" by declaring Greenland wants to be part of Denmark, not the U.S.

Randy Fine of Florida introduced a bill Monday to annex Greenland and make it the 51st U.S. state as President Donald Trump threatens to seize the self-governing territory. “Greenland is not a distant outpost we can afford to ignore — it is a vital national security asset,

A bipartisan group of U.S. lawmakers will visit Denmark this week as President Donald Trump threatens a takeover of Greenland, an autonomous part of the kingdom of Denmark that houses a U.S. airbase.