OSLO, NORWAY – June 02, 2025 – Norwegian Block Exchange (NBX), a leadingNordiccryptocurrency exchange and digital asset platform, has obtained BTC to holdonits balance sheet. Being the first publicly listed Bitcoin treasury company inNorway will be a strategic enabler for core operations and future revenuestreams.
Having already issued the first credit card in the world with BTC cashback,NBXseeks to continue being at the forefront of innovation within digital assets,and adapting this strategy will deliver on that promise. Generating Bitcoinyield for our private & corporate customers such as the increasing number ofhedge funds that continue to use our trading, consultancy or custody solutionsis an important part in fulfilling the board’s agenda to become a digitalassetbank.
Bitcoin is becoming an important part of the global financial infrastructure.NBX will become the sole European issuer of the only MiCA compliant stablecoinon the Cardano blockchain (USDM) and will use this position to create furthervalue with the Bitcoin. Having already gifted 3,78 Bitcoin in cashback to ourcard holders, we are excited to expand our increasing services so that NBXalsocan generate yield on Bitcoin held in our professional and insured custodysolution. Since starting with credit products, the mission has been to broadenour product scope with Bitcoin backed loans and this will allow for exploringthat in the coming quarters as well.
As part of the initial allocation, the Company has obtained 6.0 Bitcoin andwillexpand to approximately 10.0 within June. This will allow for a limited proofofconcept. The Bitcoin has been loaned from the largest owners and will be usedascollateral on our balance to issue USDM and generate yield on both the Bitcoinand within the Cardano and USDM ecosystems. NBX will not sell this Bitcoin orgoshort in any form. With reference to the latest POA notice with LDA capital,NBXwill also use proceeds to buy additional Bitcoin.
The Bitcoin will increase operational efficiency, in addition to attractingcapital that need exposure to Bitcoin yet only have a mandate to invest inNorwegian publicly listed companies. NBX is in discussion with HNI, familyoffices and similar to explore raising further capital to acquire more Bitcoinwith participation still open. The company will also host a Bitcoin treasuryevent the 11th of June with invitation attached.
About Norwegian Block Exchange (NBX)Founded in 2018, Norwegian Block Exchange (NBX) is a trusted cryptocurrencyexchange serving the Nordic market. Licensed and regulated in Norway, NBXofferssecure trading of digital assets, custody solutions, and blockchain technologyservices for retail and institutional clients. NBX is committed to providing acompliant trading environment with robust security measures and transparentoperations. The company issued the first credit card in the world with BTCcashback.
Contact person: Stig Kjos-Mathisen, CEO Email: stig.aleksander.kjos-mathisen@nbx.com Phone: +47 932 87 572
Contact person: Nicolai Lunde, CFO Email: nicolai.lunde@nbx.com
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