There are 2 things that, don't go that well with me, the first is having too much wood and the second having too sharp tools, no tool can ever be too sharp, in my view...!
As for green Olive wood, it depends on what you want to do with it at later time and how long, you want to start using it.
If you want to start using it soon rather than later, I suggest you rip the logs in oversize dimensions to what you need, for example pen blanks, about 1" is sufficient. Slicing the log up, will increase the dry time about 7 times however, if the wood is that fresh, expect at least a couple of years before it is dry enough to safely use, something that I consider at about 14% moisture content. Remember that, the natural oils on the Olive wood will always read high in the MC% 14% in olive wood, represents about 8 to 10% in most non-oily woods.
I like what you said about, "protecting your investment" and while I have tried that for over a decade with the Olive wood I've got, there is no telling what it will do, Olive wood is well known to have a mind of its own and unless you have a good kiln to control its drying, you will have cracks and probably big ones, regardless on what you do.
I have found that, with the normal air-drying system, cutting the Olive wood into blocks, square, rectangular, 4" to 6" and of size enough to fit in an electric fry-pan, and coated it with a thick coat of melted wax (I use the non-scent, large white church type candles). This is what you see done by the big timber boys that buy green wood and have it on the market, a couple of weeks later as you may have seen...!
Depending on the quantity you've got, I suggest you slice up half of what you have and the rest, seal the ends and put it away from weather and in a well ventilated area. Not only you cover the possibility that one day you need some large pieces and also the fact that, by the time you used the half you have sliced, it will be some years later, and the logs will be a lot more stabilised, then...!
Good luck...!
Cheers
George