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.