The Norwegian Block Exchange (NBX) has officially become Norway’s first publicly listed company to adopt Bitcoin as a treasury asset, marking a significant milestone in the country’s digital finance sector.
Strategic BTC Allocation to Power Innovation
NBX announced that it has secured an initial 6.0 BTC as part of its strategy to integrate Bitcoin into its core operations and expand its financial services offerings. The company plans to increase this holding to approximately 10 BTC by the end of June, positioning it as a proof-of-concept for long-term treasury integration.
The move comes in line with NBX’s broader ambition to become a full-fledged digital asset bank, offering yield-generating products and Bitcoin-backed financial services. The Bitcoin was loaned by major shareholders and will be used as collateral to issue USDM, the only MiCA-compliant stablecoin on the Cardano blockchain, for which NBX is the exclusive European issuer.
Expanding the Bitcoin Ecosystem
NBX previously made headlines by launching the world’s first credit card offering BTC cashback, having already distributed 3.78 BTC to users. With a strong foothold in crypto-native services, NBX now plans to use its BTC holdings to:
- Generate Bitcoin yield for retail and institutional clients
- Support issuance of USDM, leveraging the Cardano ecosystem
- Provide Bitcoin-backed loans, expanding its product suite
- Enhance capital efficiency and attract institutional investment
The company emphasizes that it will not sell or short the Bitcoin, preserving its role as a long-term reserve and yield-generating asset.
Targeting Institutions and Capital Markets
By holding Bitcoin on its balance sheet, NBX aims to appeal to hedge funds, HNIs, and family offices that seek BTC exposure through regulated, publicly listed Nordic companies. Discussions with capital partners are ongoing, and NBX has confirmed that participation in new Bitcoin acquisition rounds remains open.
Upcoming Bitcoin Treasury Event
NBX will host a Bitcoin Treasury Event on June 11, inviting institutional partners, investors, and industry stakeholders to discuss the role of Bitcoin in corporate finance and explore opportunities within the Cardano–USDM–BTC triangle.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/norwegian-block-exchange-adds-bitcoin-to-balance-sheet-aims-to-become-digital-asset-bank/