On June 2, 2025, the Norwegian Block Exchange (NBX), a publicly listed company on Euronext Growth under the ticker NBX, announced it has become the first public company in Norway to incorporate Bitcoin into its corporate treasury. NBX's strategic move aims to position the company as a leader in Norway's digital asset ecosystem by holding Bitcoin as part of its operational assets.
The company has initially acquired 6 BTC and plans to increase this to approximately 10 BTC by the end of June 2025. NBX emphasizes it will maintain these Bitcoin holdings professionally and securely, without selling or shorting them. The Bitcoin will be used to generate yield through trading, consultancy, and integrated financial products while supporting its ambitions to evolve into a full-scale digital asset bank. The Financial Supervisory Authority of Norway will supervise these activities.
NBX also plans to launch Bitcoin-backed loans and offer services to private clients and institutions seeking exposure to digital assets. The company raised capital through various financial instruments to expand its Bitcoin holdings and strengthen its position in the European crypto market. As part of its blockchain ecosystem integration, NBX will use Bitcoin as collateral to issue USDM, a MiCA-compliant stablecoin launched on the Cardano blockchain.
This initiative signifies a shift in corporate financial strategies in Norway and mirrors global trends where companies like MicroStrategy have adopted Bitcoin treasuries. Furthermore, NBX’s chairman highlighted the company’s innovation history, referencing its launch of the first credit card globally providing Bitcoin cashback.
Following NBX’s lead, Norway’s crypto investment firm K33 has also launched a Bitcoin treasury initiative, raising approximately $6.2 million (60 million Swedish krona) to acquire Bitcoin. This movement reflects growing institutional interest in Bitcoin across Nordic countries, positioning Norway as an emerging hub for regulated institutional Bitcoin adoption.