Shares in Norwegian Block Exchange (NBX) surged 138% on June 2 after the company announced it had begun accumulating Bitcoin for its treasury.
The Oslo-based crypto exchange disclosed the purchase of 6 Bitcoin, valued at approximately $633,700, with plans to grow holdings to 10 BTC by the end of the month. NBX is also seeking additional capital to expand its Bitcoin reserves further.
🚀 Stock Price Skyrockets
Following the announcement, NBX’s stock price rose over 138.5%, closing at €0.033 ($0.038). The move comes as part of a broader trend where public companies that adopt Bitcoin in their corporate treasury often see investor enthusiasm surge.
While NBX is still far from its all-time high of €0.93 ($1.06) from January 2022, this latest jump highlights renewed confidence in the exchange’s strategy.
💡 BTC as a Treasury Asset and Yield Tool
NBX plans to use its Bitcoin as collateral to issue USDM, a stablecoin on the Cardano blockchain, enabling the platform to:
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Generate yield from Bitcoin
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Strengthen its integration with the Cardano ecosystem
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Boost operational efficiency
“Bitcoin is becoming an important part of the global financial infrastructure,” NBX stated, underscoring its vision of using BTC to attract capital and broaden services.
NBX is also exploring Bitcoin-backed loans, aiming to become a digital asset bank—a bold move aligning with the growing convergence of crypto and traditional finance.
🇳🇴 Norway’s Growing Bitcoin Adoption
NBX isn’t alone in its crypto push. Other Norwegian firms with Bitcoin strategies include:
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Aker ASA, an industrial giant, launched Seetee in 2021 to invest in Bitcoin. The subsidiary holds 1,170 BTC, worth around $123 million.
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K33, a Norwegian crypto brokerage, recently raised 60 million SEK ($6.2 million) to begin accumulating Bitcoin.
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Norges Bank, Norway’s $1.7 trillion sovereign wealth fund, indirectly held 3,821 BTC through public equity investments by the end of 2024.
This trend positions Norway as an emerging Bitcoin treasury hub in Europe.
🌍 Global Trend in Corporate Bitcoin Adoption
NBX’s Bitcoin plan follows a broader movement of companies integrating BTC into their balance sheets:
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Blockchain Group (France) saw shares spike 225% after initiating Bitcoin purchases.
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DigiAsia Corp (Indonesia) rose 91% on news of a $100M Bitcoin acquisition plan.
According to Bitbo, corporate treasuries globally now hold over 3 million BTC, valued at more than $342 billion.
🧠 Strategic Vision or Speculative Hype?
Whether NBX’s move reflects a long-term strategy or rides on market hype, the company is clearly positioning itself for the next evolution in crypto-financial services.
As more firms follow suit, Bitcoin’s role as a corporate reserve asset continues to gain mainstream legitimacy.
For the latest on crypto treasury trends and blockchain innovation, visit https://cryptodicenews.blog
