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NBX is the first listed company in Norway to store Bitcoin.
The Norwegian Block Exchange (NBX) has just announced the purchase of 6 BTC and plans to rise to 10 BTC before the end of June, becoming the first listed company in Norway to incorporate Bitcoin into its treasury strategy.
NBX stock ( code NBX on the Euronext Growth Oslo) has risen over 138% after the announcement. This amount of BTC will be used as collateral to issue the USDM stablecoin on Cardano and generate profits from the DeFi ecosystem.
NBX also plans to raise funds to purchase more Bitcoin, extending the trend of public companies in Norway accumulating BTC like Aker ASA, K33, and the national investment fund Norges Bank.