NBX holds 6 Bitcoin and will expand to 10 BTC by June, marking its entry into corporate Bitcoin treasury strategies.
The Bitcoin is used as collateral for issuing USDM, a MiCA-compliant stablecoin on the Cardano blockchain ecosystem.
NBX is engaging with investors to raise capital for more Bitcoin, aiming to grow yield services and crypto-backed financial products.
Norwegian Block Exchange (NBX) has become Norway’s first publicly traded company to adopt Bitcoin as a treasury asset, marking a shift in institutional adoption within the region’s financial markets.
NBX Adds Bitcoin to Balance Sheet
NBX has acquired 6.0 Bitcoin and plans to increase its holdings to 10.0 BTC within June. The Bitcoin was loaned from its largest owners and will serve as collateral on the company’s balance sheet. According to NBX, the holdings will be used to issue the MiCA-compliant USDM stablecoin on the Cardano blockchain and generate yield across both ecosystems.
The company emphasized that it will not sell or short the Bitcoin. "The Bitcoin has been loaned from the largest owners and will be used as collateral... NBX will not sell this Bitcoin or go short in any form."
NBX also stated that proceeds from its agreement with LDA Capital will support further Bitcoin purchases.
Driving Yield and Institutional Participation
NBX previously launched the world’s first credit card with Bitcoin cashback, distributing 3.78 BTC to users. With Bitcoin now on its balance sheet, NBX plans to expand services such as Bitcoin yield generation through its insured custody platform.
"Generating Bitcoin yield for our private & corporate customers... is an important part in fulfilling the board’s agenda to become a digital asset bank," the company noted. The move also supports upcoming offerings like Bitcoin-backed loans, which are in development for future quarters.
NBX reported increasing interest from hedge funds using its trading, custody, and consultancy services. The company is currently in talks with high-net-worth individuals and family offices to raise additional capital for Bitcoin acquisition. Participation remains open.
Strengthening Role in Regulated Crypto Markets
As the sole European issuer of USDM on Cardano, NBX is positioning itself within Europe’s regulated crypto space. The company aims to use Bitcoin holdings to create further value around USDM and the Cardano ecosystem.
"The Bitcoin will increase operational efficiency, in addition to attracting capital that need exposure to Bitcoin yet only have a mandate to invest in Norwegian publicly listed companies," NBX stated.
To support its treasury strategy and investor engagement, NBX will host a dedicated event on June 11. The initiative is designed to align the company’s Bitcoin strategy with long-term growth, innovation, and regulatory compliance in the digital asset space.
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NBX Becomes First Public Bitcoin Treasury Firm in Norway with BTC Holdings
NBX holds 6 Bitcoin and will expand to 10 BTC by June, marking its entry into corporate Bitcoin treasury strategies.
The Bitcoin is used as collateral for issuing USDM, a MiCA-compliant stablecoin on the Cardano blockchain ecosystem.
NBX is engaging with investors to raise capital for more Bitcoin, aiming to grow yield services and crypto-backed financial products.
Norwegian Block Exchange (NBX) has become Norway’s first publicly traded company to adopt Bitcoin as a treasury asset, marking a shift in institutional adoption within the region’s financial markets.
NBX Adds Bitcoin to Balance Sheet
NBX has acquired 6.0 Bitcoin and plans to increase its holdings to 10.0 BTC within June. The Bitcoin was loaned from its largest owners and will serve as collateral on the company’s balance sheet. According to NBX, the holdings will be used to issue the MiCA-compliant USDM stablecoin on the Cardano blockchain and generate yield across both ecosystems.
The company emphasized that it will not sell or short the Bitcoin. "The Bitcoin has been loaned from the largest owners and will be used as collateral... NBX will not sell this Bitcoin or go short in any form."
NBX also stated that proceeds from its agreement with LDA Capital will support further Bitcoin purchases.
Driving Yield and Institutional Participation
NBX previously launched the world’s first credit card with Bitcoin cashback, distributing 3.78 BTC to users. With Bitcoin now on its balance sheet, NBX plans to expand services such as Bitcoin yield generation through its insured custody platform.
"Generating Bitcoin yield for our private & corporate customers... is an important part in fulfilling the board’s agenda to become a digital asset bank," the company noted. The move also supports upcoming offerings like Bitcoin-backed loans, which are in development for future quarters.
NBX reported increasing interest from hedge funds using its trading, custody, and consultancy services. The company is currently in talks with high-net-worth individuals and family offices to raise additional capital for Bitcoin acquisition. Participation remains open.
Strengthening Role in Regulated Crypto Markets
As the sole European issuer of USDM on Cardano, NBX is positioning itself within Europe’s regulated crypto space. The company aims to use Bitcoin holdings to create further value around USDM and the Cardano ecosystem.
"The Bitcoin will increase operational efficiency, in addition to attracting capital that need exposure to Bitcoin yet only have a mandate to invest in Norwegian publicly listed companies," NBX stated.
To support its treasury strategy and investor engagement, NBX will host a dedicated event on June 11. The initiative is designed to align the company’s Bitcoin strategy with long-term growth, innovation, and regulatory compliance in the digital asset space.
The post NBX Becomes First Public Bitcoin Treasury Firm in Norway with BTC Holdings appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.