Norwegian Block Exchange Stock Surges 150% After Bitcoin Treasury Announcement
- Norwegian Block Exchange (NBX) plans to accumulate Bitcoin as a treasury asset.
- The company initially acquired six Bitcoin, aiming for ten by the end of June.
- NBX will use Bitcoin as collateral to issue USDM, a stablecoin on the Cardano blockchain.
- NBX shares rose from 0.021 euros to 0.053 euros, marking a 150% increase in one day.
- Founded in 2018, NBX issued the first credit card rewarding transactions with Bitcoin.
Following NBX’s announcement to hold Bitcoin on its balance sheet, its stock price jumped by approximately 150%, reflecting increased investor interest in digital asset adoption initiatives.
Source (2.6)https://dailyhodl.com/2025/06/03/under-the-radar-stock-explodes-150-in-one-day-after-company-announces-bitcoin-treasury-plans/?rand=59076
