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Key Takeaways:
- Norwegian Block Exchange (NBX) has emerged as the first publicly traded company in Norway to incorporate Bitcoin into its corporate treasury.
- NBX intends to introduce Bitcoin-backed loans and broaden its services for private clients and institutions interested in digital assets.
- The firm is actively seeking capital to enhance its Bitcoin reserves and solidify its role within the European cryptocurrency landscape.
Norwegian Block Exchange (NBX), a prominent player in the Nordic crypto sector, has established itself as Norway’s inaugural publicly listed Bitcoin treasury company.
The organization announced on June 2 that it has procured Bitcoin to maintain on its corporate balance sheet, signifying a strategic transition that aligns with its wider digital asset goals.
Norwegian Block Exchange Incorporates Bitcoin into Balance Sheet
NBX, recognized for introducing the world’s first credit card offering Bitcoin cashback, stated that this latest initiative would bolster its fundamental operations and create new revenue opportunities.
The firm considers the inclusion of Bitcoin in its treasury as a crucial advancement toward transforming into a comprehensive digital asset bank.
“As Bitcoin becomes an essential component of the global financial framework, holding it directly improves both our operational capabilities and product offerings,” NBX remarked in a statement.
Initially, NBX has secured 6.0 BTC and aims to increase that amount to approximately 10.0 BTC by the end of June.
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
pic.twitter.com/kY9KK2VbFiBitcoin has been borrowed from the company’s largest stakeholders and will serve as collateral for issuing USDM, a stablecoin on the Cardano blockchain. NBX claims to be the sole European issuer of a MiCA-compliant stablecoin on Cardano.
The firm stressed that it will not sell or short its Bitcoin assets under any circumstances. Instead, these assets will be maintained in a professional and insured custody arrangement to generate yield both on the Bitcoin itself and within the Cardano and USDM ecosystems.
To date, NBX has also distributed 3.78 BTC to customers via its cashback program.
Looking forward, the company plans to roll out new offerings such as Bitcoin-backed loans.
Executives indicate that this expansion into Bitcoin yield generation services for private and corporate clients, including hedge funds, is part of a larger initiative to attract institutional investment and diversify NBX’s product portfolio.
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NBX believes this strategy may attract high-net-worth individuals and family offices in Norway seeking Bitcoin exposure through regulated public entities. The firm is currently negotiating to secure additional capital for further BTC purchases.
A recent notice from LDA Capital indicates that NBX also intends to utilize incoming investment funds to acquire more Bitcoin.
The company will host a Bitcoin treasury event on June 11, signaling its aim to engage more stakeholders in its strategy.
By directly holding Bitcoin, NBX aims to provide compliant, secure, and yield-generating digital asset services, positioning itself as a frontrunner in Norway’s evolving cryptocurrency landscape.
K33 Follows Suit With $6.2M Bitcoin Treasury Strategy as Institutional Interest Grows in Norway
In the wake of NBX’s achievement as Norway’s first public company to adopt Bitcoin as part of its treasury, another local entity is joining the movement.
Crypto investment firm K33, also located in Norway, has initiated its own Bitcoin treasury strategy, raising 60 million Swedish kronor (approximately $6.2 million) to acquire BTC.
K33 is the latest firm to embrace Bitcoin as a treasury asset, raising 60 million Swedish krona ($6.2 million) to buy Bitcoin.#K33 #Bitcoinhttps://t.co/rNopSRwWSG
— Cryptonews.com (@cryptonews) May 29, 2025
The capital was raised through a combination of newly issued shares, warrants, and convertible loans.
K33 is listed on the Nasdaq First North Growth Market and states that this initiative is part of a broader effort to explore new Bitcoin-based financial products.
This development occurs amid a growing wave of institutional interest in Bitcoin throughout the Nordics.
NBX itself, established in 2018 by Norwegian Air Shuttle founder Bjørn Kjos, gained attention in late 2021 when it became the first crypto firm in the region to be listed on the Euronext exchange.
Bitcoin has also demonstrated resilience recently, maintaining a value above $104,000 as of Monday, with a 57% increase in 24-hour trading volume, according to a report by CoinGecko.
With both NBX and K33 taking action, Norway is swiftly establishing itself as a Nordic center for institutional Bitcoin adoption.
The post Norwegian Block Exchange Becomes Norway’s First Public Bitcoin Treasury Firm appeared first on Cryptonews.
