Norway -based Crypto Exchange Norwegian Block Exchange has noticed that its share price has jumped more than 138% in a single day as it was said that he was starting to buy and hold bitcoins.
Company Said On June 2, it bought 6 bitcoins (BTCs), priced at $ 633,700 at current prices, placing to expand its holdings up to 10 BTC by the end of the month.
It states that this discussion continues to raise further capital for more bitcoin purchases.
The shares in the Norwegian Block Exchange (NBX) stock exceeded 138.5% on June 2 trading day, which closed at 0.033 euro ($ 0.038), According For Google Finance. So far, the all-time of stock has been high 0.93 euros ($ 1.06), which took place in January 2022.
The newly acquired bitcoins of the Norwegian block exchange will be used as collateral to release a stabelcoin on USDM, Cardano blockchain, and yield will be generated on bitcoins and within the cardano ecosystem.
The forum stated that “Bitcoin is becoming an important part of the global financial infrastructure,” and it would use its new holdings to “increase operational efficiency” and to attract capital from companies interested in crypto.
The exchange said it would offer bitcoin-supported loans as part of the board’s agenda to become a digital asset bank.
A small list in Norwegian firm bitcoin
At least one other Norwegian company has also adopted bitcoin in its balance sheet. In 2021, Akara Asa, a Norwegian Industrial Holding Company, created A subsidiary is dedicated to investing in whistles, bitcoins and keeping liquid property in crypto.
Through the assistant, Akar has 1,170 bitcoins, According For bitcointreasuries.net, bought at an average cost of $ 50,200 and priced at $ 123 million at current prices.
The Norwegian Crypto brokerage firm K33 has also explained a plan to join the increasing number of other public companies to buy bitcoins, increasing 60 million Swedish Krone ($ 6.2 million) to buy and catch cryptocurrency.
Norway Bank, Norway’s $ 1.7 trillion sovereign wealth funds were indirectly owned by 3,821 BTC through their stock market investment by the end of 2024.
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After announcing the plan to buy bitcoin, other companies have also increased their stock prices. The Paris -based Crypto Company Blockchain Group began buying bitcoins on 5 November, from 225% to 0.48 euros ($ 0.52).
Meanwhile, the shares at the Indonesian Fintech firm Digiasia Corp almost doubled, increased by 91%, the company said it plans to raise $ 100 million for its first seed to buy several bitcoins.
Corporate bitcoin tragedy collectively is more than three million in bitcoin, priced at $ 342 billion, According For Bito data.
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