Norwegian Block Exchange (NBX) Launches Bitcoin Reserve Plan, Stock Soars 138% Amid Expansion to 10 BTC
Norwegian Block Exchange (NBX) has unveiled its strategic Bitcoin Reserve Plan, marking a significant milestone in its digital asset portfolio. Following the announcement, NBX's stock price experienced a remarkable surge of over 138% on June 2nd, reflecting strong investor confidence. The exchange h
Norwegian Block Exchange (NBX) has unveiled its strategic Bitcoin Reserve Plan, marking a significant milestone in its digital asset portfolio. Following the announcement, NBX’s stock price experienced a remarkable surge of over 138% on June 2nd, reflecting strong investor confidence. The exchange has acquired 6 bitcoins, valued at approximately $633,700, with intentions to increase this to 10 bitcoins by the end of the month. This move underscores NBX’s commitment to expanding its cryptocurrency reserves.
NBX aims to leverage these bitcoin holdings as collateral to issue the stablecoin USDM on the Cardano blockchain, positioning itself to capitalize on yield opportunities within the Cardano ecosystem. Additionally, the company’s board is actively evaluating the launch of Bitcoin-backed lending services, aligning with its strategic vision to evolve into a comprehensive digital asset banking institution. These developments highlight NBX’s innovative approach to integrating traditional finance mechanisms with blockchain technology.
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