The Norway Crypto exchange Norwegian Block saw the stock price jump over 138% on a single day after it was said that it was starting to buy and hold Bitcoin.
The company Says On June 2 it bought 6 Bitcoin (Btc), costs $ 633,700 at current prices, with plans to expand its holdings to 10 BTC by the end of the month.
It added that a continued discussion to raise additional capital for further Bitcoin purchase.
The Norwegian Block Exchange (NBX) stock shares increased by more than 138.5% on June 2’s trading day, closing to 0.033 euro ($ 0.038), According to In Google Finance. So far, the whole stock time is 0.93 euro ($ 1.06), hit in January 2022.
Norwegian Block Exchange’s newly acquired bitcoin will be used as collateral to issue The USDM, a stablecoin to Cardano Blockchain, and produce yield in bitcoin and within Cardano ecosystem.
The platform said “Bitcoin is becoming an integral part of the global financial infrastructure,” and it will use its new handling to “increase operating efficiency” and attract capital from crypto -integrated companies.
The exchange says it will explore the offer Bitcoin loans supported as part of the board agenda to become a digital asset bank.
Many more Norwegian firms add bitcoin
At least another Norwegian company also added bitcoin to its balance. In 2021, Aker Asa, a Norwegian Industrial Holding Company, Created A subsidiary, Seetee, dedicated to investing in Bitcoin and holding liquid ownership in crypto.
By subsidiary, Aker holds 1,170 Bitcoin, According to At bitcointreasuries.net, purchased at an average cost of $ 50,200 and costs $ 123 million at current prices.
The Norwegian Crypto Brokerage Firm K33 also set up plans to join the increasing number of other public companies buying Bitcoin, Increasing 60 million Swedish Krona ($ 6.2 million) to buy and hold cryptocurrency.
Norges Bank, $ 1.7 trillion of Norway’s Sovereign Wealth Fund, indirectly owned by 3,821 btc by investments in its stock market at the end of 2024 also.
Related: Meta will not buy Bitcoin because shareholders knock back to the idea of the ark
After announcing a Bitcoin purchase plan, other companies also saw the stock prices acquired. Paris -based company -based company began buying bitcoin on November 5, and its Stock scored 225% to 0.48 Euro ($ 0.52).
Meanwhile, shares in the Indonesian Fintech firm Digiasia Corp Almost double, 91% risesAfter the company said it plans to raise $ 100 million to deliver the first to many Bitcoin purchases.
Corporate Bitcoin Treasury collectively holds more than three million in Bitcoin, worth more than $ 342 billion, According to In the Bitbo Data.
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