The Norwegian Norwegian Crypto exchange Norwegian Block Exchange has seen its stock market course on 138% in one day after declaring that it was starting to buy and keep Bitcoin.
The company said on June 2 that it bought 6 Bitcoin (BTC), worth $ 633,700 at current prices, with plans to extend its assets to 10 BTC by the end of the month.
He added that he continued discussions to increase additional capital for more purchase of Bitcoin.
Norwegian Block’s Block Exchange (NBX) actions increased by more than 138.5% during the June 2 negotiation day, closing to 0.033 euros ($ 0.038), according to Google Finance. Until now, the summit of all time in the action has been 0.93 euros ($ 1.06), which he struck in January 2022.
The newly acquired bitcoin of Norwegian Block Exchange will be used as a guarantee to publish USDM, a stablecoin on the Cardano blockchain and generate a yield on Bitcoin and in the Cardano ecosystem.
The platform said that “Bitcoin becomes an important part of the global financial infrastructure”, and it will use its new assets to “increase operational efficiency” and attract the capital of companies interested in crypto.
The exchange said that it would explore the bitcoin -supported loans in the agenda of the board of directors to become a digital asset bank.
Norwegian companies in Bitcoin a short list
At least another Norwegian company has also adopted Bitcoin on its balance sheet. In 2021, Aker Asa, a Norwegian industrial portfolio company, created a subsidiary, Seetee, dedicated to investment in bitcoin and the holding of liquid assets in crypto.
Thanks to the subsidiary, Aker holds 1,170 Bitcoin, according to BitcoinTareries.net, bought at an average cost of $ 50,200 and worth $ 123 million at current prices.
The Norwegian crypto brokerage company K33 also reported plans to join the growing number of other public companies buying Bitcoin, increasing 60 million Swedish Krona ($ 6.2 million) to buy and maintain cryptocurrency.
Norges Bank, sovereign wealth fund of $ 1.7 billion in Norway, indirectly held 3,821 BTC thanks to its stock market investments by the end of 2024.
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After announcing a Bitcoin purchase plan, other companies have also seen their share of shares. Blockchain Group, crypto company based in Paris, began to buy Bitcoin on November 5, its shares increased by 225% to 0.48 euros ($ 0.52).
Meanwhile, the shares of the Indonesian company Fintech Digiasia Corp almost doubled, up 91%, after the company said that it planned to raise $ 100 million to sow its first Bitcoin purchases.
Bitcoin vouchers of companies collectively hold more than three million Bitcoin, worth more than $ 342 billion, according to Bitbo data.
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