Norwegian Block Exchange (NBX) has made history by becoming the first publicly listed company in Norway to hold Bitcoin on its balance sheet. The move marks a major step in aligning its strategy with the growing role of Bitcoin in the global financial system. The initial allocation includes 6 Bitcoin with plans to increase to 10 by June as part of a proof of concept.

NBX has already gained attention by issuing the world’s first credit card offering Bitcoin cashback. Now the company aims to generate Bitcoin yield for its private and corporate customers using its secure custody solutions. It will also become the only European issuer of a MiCA-compliant stablecoin on the Cardano blockchain called USDM using Bitcoin as collateral.

NBX will not sell or short the Bitcoin instead it will use it to improve operational efficiency and attract capital from investors seeking Bitcoin exposure through Norwegian public markets. The company is also planning a Bitcoin treasury event on June 11 to expand awareness.

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