Norwegian Block Exchange (NBX), a leading Nordic cryptocurrency exchange and digital asset platform, announced that it has added Bitcoin to its balance, which marks a national milestone as the first listed company in Norway to keep Bitcoin as part of its treasury strategy.
The company has secured 6.0 Bitcoin and plans to increase its holdings to 10.0 within June. The assets lent from NBX’s largest shareholders will be used as security to issue USDM, a glitter-compatible stableecoin. NBX said it is aiming to generate yield through Bitcoin and USDM ecosystems.
“NBX will not sell this Bitcoin or go short in any form,” the company said. “With reference to the latest POA message with LDA Capital, NBX will also use revenue to buy additional Bitcoin.”
NBX is currently talking with hisp, family offices and others to raise more capital to buy additional Bitcoin. The company also hosts a Bitcoin Treasury event on June 11.
“Bitcoin becomes an important part of the global economic infrastructure,” the company said in the announcement. “Bitcoin will increase operational efficiency, in addition to attracting capital that needs exposure to Bitcoin, but has only one mandate to invest in Norwegian publicly listed companies.”
The adoption of Bitcoin as a treasury reserve has dramatically increased over the past year and expanded globally. To date, there are 214 companies and other devices with Bitcoin in their balance.
Méliuz, Brazilian Fintech Company, also recently announced on May 15 that it bought an extra R $ 160.8 million (about $ 30.5 million) value of Bitcoin, adding 274.5 BTC at an average price of $ 103,600 each after he became the first Bitcoin Treasury Company in Brazil. Combined with its initial investment of $ 24 million two months ago, Méliuz now has 320 BTC, making it the 42nd largest business owner of Bitcoin globally.
Méliuz founder and chairman Israel The Salm noted that the move attracted a new wave of cryptophocused investors. In his words, translated from Portuguese, “A lot of new people began buying the stock because of this strategy. We caught the attention of crypto audience, which is a much larger audience than stock market investors. There are about 20 million people investing in crypto today and only about 5 million in the stock market.”
The investment, approved by Méliuz’s board of directors, is part of a new Ministry of Finance’s management policy that focuses on long -term returns. The company also formed a Bitcoin strategic committee to explore to expand the award and potentially make Bitcoin a primary state -of -the -art asset.
The hymn told local media that the move to Bitcoin provides an “intelligent alternative” to keep cash reserves. “We see Bitcoin as a prolonged value of value,” he said. The company, which offers cashback and financial services to over 30 million users in Brazil, aims to revive investor interest after its market capital fell from $ 6 billion in 2021 to $ 270 million.