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NBX Acquires Bitcoin, Becomes First Public Bitcoin Treasury Company in Norway

  • Norwegian Block Exchange (NBX) becomes the first publicly listed company in Norway to hold Bitcoin as part of its treasury strategy.
  • NBX has acquired 6.0 Bitcoin and plans to increase its holdings to 10.0 within June, using the assets as collateral to issue a MiCA-compliant stablecoin called USDM.
  • The company will not sell the Bitcoin or go short, instead planning to buy additional Bitcoin with the proceeds and raise more capital from investors for further acquisitions.
  • The adoption of Bitcoin as a treasury reserve asset is a growing trend globally, with 214 entities holding Bitcoin in their balance sheets, including Brazilian fintech company Méliuz which recently purchased $30.5 million worth of Bitcoin.

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