NBX Becomes Norway’s First Public Company to Hold Bitcoin, Shares Soar 138%

Norwegian Block Exchange (NBX) has become the first publicly listed company in Norway to adopt Bitcoin

Written by: Sophia Cruz • Tuesday, June 3, 2025 • 2 min read

Quick overview

Norwegian Block Exchange (NBX) is the first publicly listed company in Norway to adopt Bitcoin as part of its corporate treasury strategy.
Following the announcement, NBX shares surged by 138%, reflecting investor enthusiasm for the company's pro-Bitcoin direction.
NBX has acquired 6 Bitcoin and plans to increase its holdings to 10 BTC, using them as collateral to issue a MiCA-compliant stablecoin.
This strategic shift positions NBX as a digital asset bank and may encourage other Nordic firms to embrace Bitcoin as a credible financial asset.

Norwegian Block Exchange (NBX) has become the first publicly listed company in Norway to adopt Bitcoin as part of its corporate treasury strategy, marking a significant milestone in the country’s evolving digital asset landscape.

Following the announcement, NBX shares surged by an impressive 138% on June 2, closing at €0.033 ($0.038), reflecting growing investor enthusiasm toward the firm’s pro-Bitcoin direction.

As part of its new treasury strategy, NBX initially acquired 6 Bitcoin (BTC) valued at approximately $633,700. The firm plans to increase this holding to 10 BTC by the end of June. These BTC holdings are being used as collateral to issue USDM—a MiCA-compliant stablecoin built on the Cardano blockchain. According to NBX, these coins were loaned from its major shareholders, and the company has stated it will not sell or short its Bitcoin position, underscoring a long-term, conviction-based approach.

NBX’s strategy is multifaceted. Besides leveraging Bitcoin to issue stablecoins, the company is positioning itself as a full-fledged digital asset bank, aiming to expand services such as Bitcoin-backed loans. NBX is currently in active discussions with high-net-worth individuals, crypto-native family offices, and strategic investors to secure further capital. The firm has also announced a dedicated “Bitcoin Treasury Event” set for June 11, aiming to attract more institutional interest and build momentum for its broader crypto-financial services ecosystem.

This strategic shift aligns with a broader national and global trend. In Norway, crypto investment firm K33 recently raised over $6.2 million to purchase Bitcoin for its treasury. Meanwhile, the nation’s $1.7 trillion sovereign wealth fund—Norges Bank—has indirect exposure to more than 3,800 BTC via its equity holdings in Bitcoin-exposed firms like MicroStrategy and Coinbase.

NBX’s move is a significant step for Norway’s financial market, representing not just a corporate treasury adjustment, but a broader embrace of Bitcoin as a credible store of value and financial asset. The bold move may set a precedent for other publicly listed Nordic firms to follow.

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ABOUT THE AUTHOR See More

Sophia Cruz

Financial Writer - Asian & European Desks

Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.