Norwegian Block Exchange (NBX) Becomes Norway's First Publicly Listed Bitcoin Treasury Company

Norwegian Block Exchange (NBX) has announced the establishment of a bitcoin treasury strategy, becoming Norway’s first publicly listed bitcoin treasury company. As part of this initiative, NBX has acquired six bitcoins, with plans to expand its holdings to approximately 10 BTC by the end of June. This strategy aims to enhance core operations and create new revenue streams, particularly for private and corporate customers, including hedge funds utilizing NBX’s trading, consultancy, and custody solutions. The company, which previously issued the world’s first credit card with bitcoin cashback, intends to leverage its position as the sole European issuer of the MiCA compliant stablecoin on the Cardano blockchain (USDM) to generate yield on its bitcoin holdings. NBX emphasizes that it will not sell or short its bitcoin and is actively seeking to raise additional capital from high-net-worth individuals and family offices to further expand its bitcoin acquisitions.