Norwegian Block Exchange has made cryptocurrency history by becoming the first publicly listed Norwegian company to integrate itcoin">Bitcoin into its corporate treasury strategy. The Nordic region’s prominent crypto exchange has acquired 6 itcoin">Bitcoin valued at approximately $663,700, with ambitious plans to expand this holding to 10 itcoin">Bitcoin before the end of June. This strategic move positions NBX at the forefront of European crypto innovation while establishing a foundation for its expanded digital asset banking services.
The itcoin">Bitcoin acquisition serves a dual purpose beyond simple treasury diversification. NBX intends to leverage these digital assets as collateral for launching USDM, a groundbreaking stablecoin that will operate on the Cardano blockchain. What makes this particularly significant is that USDM will be the first and only MiCA-compliant stablecoin available on Cardano within the European market, giving NBX a competitive edge in the regulated crypto space. The company has committed to maintaining its itcoin">Bitcoin position without selling or shorting, demonstrating confidence in the long-term value proposition of digital assets.
NBX’s broader vision extends well beyond stablecoin issuance, as the company aims to transform into a comprehensive digital asset bank. The exchange already pioneered the Nordic region’s first itcoin">Bitcoin cashback credit card and has distributed 3.78 BITC to customers through this innovative program. Moving forward, NBX plans to develop itcoin">Bitcoin-backed lending products and interest-earning services, targeting high-net-worth individuals and family offices seeking itcoin">Bitcoin exposure through regulated Norwegian securities.
The timing of this initiative reflects the growing institutional adoption of itcoin">Bitcoin as a treasury asset, with NBX joining over 214 companies worldwide that have embraced cryptocurrency reserves. While MicroStrategy leads this trend with approximately $60 billion in itcoin">Bitcoin holdings, NBX’s entry into the market signals growing acceptance among smaller, regional financial institutions. The company plans to host an exclusive event on June 11 to detail its itcoin">Bitcoin treasury strategy, marking the beginning of what it describes as a long-term transformation into a full-service digital asset banking platform.
