Norwegian Block Exchange (NBX) has made history in Norway by adding Bitcoin to its balance sheet, becoming the first publicly listed company in the country to do so. Starting with 6.0 Bitcoin, the company plans to increase its holdings to 10.0 BTC by June. This move, part of a treasury strategy, aims to use Bitcoin as collateral for a MiCA-compliant stablecoin, USDM. NBX is engaging with investors to raise additional capital to acquire more Bitcoin and is hosting a Bitcoin treasury event, emphasizing its role in the global financial infrastructure.
NBX will not sell this Bitcoin or go short in any form. With reference to the latest POA notice with LDA capital, NBX will also use proceeds to buy additional Bitcoin.
The Bitcoin will increase operational efficiency, in addition to attracting capital that need exposure to Bitcoin yet only have a mandate to invest in Norwegian publicly listed companies.
Collection
[
|
...
]