- NBX becomes Norway’s first public company to hold Bitcoin as part of its corporate treasury.
- The Bitcoin holdings will back USDM, a MiCA-compliant stable on the Cardano blockchain.
- NBX aims to attract investors seeking Bitcoin exposure to fund further acquisitions.
Norwegian Block Exchange (NBX), a leading Nordic cryptocurrency exchange and digital asset platform, has taken a landmark step by acquiring Bitcoin for its corporate treasury. NBX is now the first publicly listed company in Norway to hold Bitcoin and signals a pivotal shift in Norway’s financial landscape.
NBX has obtained 6.0 BTC as part of the initial allocation and plans to expand its holdings to 10.0 BTC by the end of this month.
The Bitcoin, secured through loans from major shareholders, will serve as collateral to issue USDM, a regulated stablecoin under MiCA standards on the Cardano blockchain. MiCA, EU’s regulatory framework, sets strict rules for stablecoins and crypto operations.
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NBX Eyes Bitcoin-Backed Loans Ahead of June Treasury Event
The company has emphasised that, as part of its treasury policy, it will not sell or short its Bitcoin holdings. Instead, it will use the cryptocurrency to generate yield through its insured custody services and partnerships within the Cardano and USDM ecosystems.
The company’s goal is to broaden its product scope. Starting with credit products, NBX is now exploring the possibility of Bitcoin-backed loans in the coming quarters. This strategy not only supports NBX’s product expansion but is also expected to enhance operational efficiency and to attract capital from investors seeking Bitcoin exposure through regulated, Norwegian-listed entities.
To fund further acquisitions, NBX is in active discussions with high-net-worth individuals, family offices and similar entities. Participation in these funding rounds is still open. The company is also planning to host a Bitcoin treasury event on 11 June to share further details and for more stakeholders to engage.
Related: Justice Minister Quits After US$45M Bitcoin Scandal Rocks Czech Republic
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