Norway’s NBX Shares Surge 138% Following Unexpected Bitcoin Treasury Acquisition — What Lies Ahead for BTC Value?

Norwegian Block Exchange (NBX) experienced a remarkable increase of over 138% in a single trading session after the Oslo-based cryptocurrency exchange announced it had commenced the addition of Bitcoin to its treasury.

Key Takeaways:

• NBX shares rose by 138% following the announcement of its inaugural Bitcoin treasury acquisition.
• The exchange intends to utilize its BTC reserves to support a Cardano-based stablecoin and enhance its crypto lending services.
• Bitcoin is currently stabilizing above $105K, with a possible breakout target around $108K if momentum continues to build.

On June 2, NBX disclosed the acquisition of 6 Bitcoin (BTC), valued at approximately $633,700 at current market rates, with intentions to expand its holdings to 10 BTC by the end of June.

The company also mentioned that it is exploring options to raise additional funds to further increase its Bitcoin holdings.

NBX Shares Surge 138.5% Following Bitcoin Treasury Announcement

In the wake of the announcement, NBX shares surged 138.5%, closing at €0.033 ($0.038), as reported by Google Finance.

Although still significantly below its peak of €0.93 ($1.06) achieved in January 2022, the stock’s substantial increase indicates a renewed interest from investors in companies associated with Bitcoin.

NBX stated that its Bitcoin reserves will serve as collateral for issuing USDM, a stablecoin on the Cardano blockchain, while also generating yield within the Cardano ecosystem.

The firm emphasized that Bitcoin is becoming “a crucial component of the global financial infrastructure” and that it aims to utilize its holdings to improve operational efficiency and attract institutional investment.

Additionally, the company plans to provide Bitcoin-backed loans as part of a broader strategy to position itself as a prominent digital asset bank.

NBX is not the first Norwegian entity to adopt Bitcoin; in 2021, Norwegian industrial leader Aker ASA established Seetee, a subsidiary focused on Bitcoin.

JUST IN: Norwegian Block Exchange becomes the first publicly traded #Bitcoin treasury company in the country pic.twitter.com/kY9KK2VbFi

— Bitcoin Magazine (@BitcoinMagazine) June 2, 2025

Aker possesses 1,170 BTC, acquired at an average price of $50,200, now estimated to be worth around $123 million, according to Bitcointreasuries.net.

In another development in Norway, crypto brokerage K33 recently secured 60 million Swedish krona ($6.2 million) to purchase Bitcoin for its own balance sheet.

Meanwhile, Norges Bank, Norway’s $1.7 trillion sovereign wealth fund, indirectly holds 3,821 BTC through its equity investments.

Globally, companies that have added Bitcoin to their treasuries have frequently observed strong reactions in the stock market.

Paris-based Blockchain Group’s stock surged 225% after it began acquiring Bitcoin in November, while Indonesian fintech DigiAsia Corp shares rose 91% after announcing a $100 million Bitcoin purchasing initiative.

In total, corporate Bitcoin treasuries now hold over 3 million BTC, valued at more than $342 billion, according to Bitbo data.

BTC Stabilizes Above $105K as Bulls Target Breakout

Bitcoin is trading steadily around $105,300, demonstrating resilience above critical support levels following a volatile week.

On the 2-hour chart, BTC remains confined within a range of $103,800 to $106,300, with Bollinger Bands tightening.

The RSI at 52.94 indicates a neutral position, while the MACD is showing slight bullish tendencies, suggesting potential upward momentum.

The 30-minute chart reflects a similar scenario. BTC continues to consolidate between $104,600 and $106,200, with RSI around 51.11 — indicating indecision.

MACD remains stable, suggesting that neither buyers nor sellers dominate in the short term.

Focusing on the 1-minute chart, BTC has rebounded from early session lows, gradually climbing back toward $105,360.

The RSI is currently elevated at 60.29, indicating slight bullish pressure, while MACD has moved into positive territory, confirming short-term upward momentum.

Overall, BTC’s near-term outlook remains positive as long as it stays above the $104,600–$105,000 range.

A breakout above $106,300 could pave the way toward $108,000. Conversely, falling below $104,600 could lead to a retest of the $103,000 support level.

The post Norway’s NBX Stock Rockets 138% After Surprise Bitcoin Treasury Buy — What’s Next for the BTC Price? appeared first on Cryptonews.