Norwegian Block Exchange (NBX) has officially become the first publicly listed company in Norway to hold Bitcoin on its balance sheet, marking a significant milestone for both the firm and the country’s financial sector. This bold move aligns NBX with the global shift toward digital assets, reinforcing its role as an innovator in the European crypto space.
NBX Begins with 6 BTC, Plans to Expand
As part of its strategic pivot, NBX has initially allocated 6 Bitcoin to its treasury, with plans to increase that holding to 10 BTC by the end of June. This step serves as a proof of concept to explore how Bitcoin can be integrated into traditional financial operations without being sold or shorted. Instead, the focus is on using Bitcoin to boost operational efficiency and attract investor capital through a secure and regulated platform.
The company’s decision reflects a growing trend where corporations are diversifying their balance sheets with digital assets. Unlike others, NBX aims to offer a unique blend of transparency, compliance, and cutting-edge technology.
Offering Bitcoin Yield and a MiCA-Compliant Stablecoin
NBX has already caught global attention by launching the world’s first credit card that offers Bitcoin cashback. Now, the company is preparing to roll out Bitcoin yield products for both private and corporate customers through its secure custody solutions. These services aim to deliver passive income opportunities to users while maintaining institutional-grade security.
In another groundbreaking move, NBX will also become the only European company to issue a MiCA-compliant stablecoin—named USDM—on the Cardano blockchain. What makes USDM unique is that it will be backed by Bitcoin as collateral, providing a decentralized and secure alternative to traditional fiat-backed stablecoins.
Rather than trading or speculating with its Bitcoin reserves, NBX is positioning its holdings as a long-term strategic asset. This approach is intended to bring greater credibility to its operations and appeal to institutional and retail investors looking for Bitcoin exposure in the Norwegian public market.
To further educate and engage the public, NBX will host a Bitcoin Treasury Event on June 11, aimed at raising awareness around corporate Bitcoin adoption and its broader financial implications.
As Norway’s first public company to integrate Bitcoin into its core business model, NBX is setting a precedent for how digital assets can be responsibly and innovatively utilized in traditional financial ecosystems.
