Regulatory Filings • Jun 2, 2025
Regulatory Filings
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Norwegian Block Exchange (NBX) Establishes Bitcoin Treasury Strategy, becoming Norway's First Publicly Listed Bitcoin Treasury Company
OSLO, NORWAY - June 02, 2025 - Norwegian Block Exchange (NBX), a leading Nordic cryptocurrency exchange and digital asset platform, has obtained BTC to hold on its balance sheet. Being the first publicly listed Bitcoin treasury company in Norway will be a strategic enabler for core operations and future revenue streams.
Having already issued the first credit card in the world with BTC cashback, NBX seeks to continue being at the forefront of innovation within digital assets, and adapting this strategy will deliver on that promise. Generating Bitcoin yield for our private & corporate customers such as the increasing number of hedge funds that continue to use our trading, consultancy or custody solutions is an important part in fulfilling the board’s agenda to become a digital asset bank.
Bitcoin is becoming an important part of the global financial infrastructure. NBX will become the sole European issuer of the only MiCA compliant stablecoin on the Cardano blockchain (USDM) and will use this position to create further value with the Bitcoin. Having already gifted 3,78 Bitcoin in cashback to our card holders, we are excited to expand our increasing services so that NBX also can generate yield on Bitcoin held in our professional and insured custody solution. Since starting with credit products, the mission has been to broaden our product scope with Bitcoin backed loans and this will allow for exploring that in the coming quarters as well.
As part of the initial allocation, the Company has obtained 6.0 Bitcoin and will expand to approximately 10.0 within June. This will allow for a limited proof of concept. The Bitcoin has been loaned from the largest owners and will be used as collateral on our balance to issue USDM and generate yield on both the Bitcoin and within the Cardano and USDM ecosystems. NBX will not sell this Bitcoin or go short in any form. With reference to the latest POA notice with LDA capital, NBX will also use proceeds to buy additional Bitcoin.
The Bitcoin will increase operational efficiency, in addition to attracting capital that need exposure to Bitcoin yet only have a mandate to invest in Norwegian publicly listed companies. NBX is in discussion with HNI, family offices and similar to explore raising further capital to acquire more Bitcoin with participation still open. The company will also host a Bitcoin treasury event the 11th of June with invitation attached.
About Norwegian Block Exchange (NBX)
Founded in 2018, Norwegian Block Exchange (NBX) is a trusted cryptocurrency exchange serving the Nordic market. Licensed and regulated in Norway, NBX offers secure trading of digital assets, custody solutions, and blockchain technology services for retail and institutional clients. NBX is committed to providing a compliant trading environment with robust security measures and transparent operations. The company issued the first credit card in the world with BTC cashback.
Contact person: Stig Kjos-Mathisen,
CEO Email: [email protected]
Phone: +47 932 87 572
Contact person: Nicolai Lunde,
CFO Email: [email protected]
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