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Coin Telegraph

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Image Credit: Coin Telegraph

Norwegian crypto platform spikes 138% on Bitcoin treasury plan

  • Norwegian Block Exchange's stock price surged over 138% in a day due to plans of buying and holding Bitcoin.
  • The company purchased 6 Bitcoin and aims to expand to 10 BTC by the end of the month.
  • The acquired Bitcoin will be used for issuing a stablecoin on the Cardano blockchain and generating yield within the ecosystem.
  • Other Norwegian companies like Aker ASA and Norges Bank have also added Bitcoin to their balance sheets, contributing to the growth of corporate Bitcoin treasuries.

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