The Norwegian crypto exchange has bought Bitcoin (BTC) to keep this on its balance sheet. NBX thus considers itself to be Norway's first publicly traded Bitcoin Treasury company. NBX sees this as a strategic opportunity for its core business and future revenue streams.
As part of the initial allocation, NBX has acquired 6 Bitcoin and will expand to approximately 10 Bitcoin during June. NBX believes that the Bitcoin position will increase the company's operational efficiency and attract capital that wants exposure to Bitcoin but is only mandated to invest in Norwegian listed companies.
If you're wondering who's first where, then this is the situation? H100, led by Norwegian Sander Andersen, is the first publicly traded Bitcoin Treasury company in Sweden. The H100 naturally works closely with Finpeers, located in Switzerland, but where Sander Andersen is also CEO. K33, which launched its Bitcoin Treasury strategy in the previous uke, is listed in Sweden. In Sweden, too, bets Bitcoin Treasury Capital on being listed before “midsummer”. While Oslo Stock Exchange is the target newly established Ace Digital.
Below is more information about NBX's launch, based on a press release from the company.
NBX, which has already issued the world's first credit card with BTC cashback, wants to continue to be at the forefront of innovation in digital assets, and this strategy will help fulfill this promise. Generating returns on Bitcoin for both private and corporate clients, including a growing number of hedge funds using their trading, advisory or depository solutions, is important to the board's goal of becoming a digital assets bank.
Bitcoin is becoming an increasingly important part of the global financial infrastructure. NBX will become the only European issuer of the only MICA compliant stablecoin on the Cardano blockchain (USDM) and will use this position to create more value with Bitcoin. The company has already given 3.78 Bitcoin in cashback to cardholders and plans to expand its services so NBX can also generate returns on Bitcoin held in their professional and insured depository solution. They also plan to offer Bitcoin-secured loans in coming quarters! 1! 5.
As part of the initial allocation, the company has acquired 6 Bitcoin and will expand to approximately 10 Bitcoin during June. These Bitcoins are borrowed from the largest owners and will be used as collateral on the balance sheet to issue USDM and generate returns both on Bitcoin and within the Cardano and USDM ecosystems. NBX will not sell the Bitcoins or take short positions.
In addition, NBX will use the proceeds to buy more Bitcoin. The Bitcoin position will increase operational efficiency and attract capital that wants exposure to Bitcoin but is only mandated to invest in Norwegian listed companies. NBX is in dialogue with High Net Worth Individuals (HNI), family offices and the like to explore further capital raising to purchase more Bitcoin, and participation remains open.
The Norwegian crypto exchange has bought Bitcoin (BTC) to keep this on its balance sheet. NBX thus considers itself to be Norway's first publicly traded Bitcoin Treasury company. NBX sees this as a strategic opportunity for its core business and future revenue streams.
As part of the initial allocation, NBX has acquired 6 Bitcoin and will expand to approximately 10 Bitcoin during June. NBX believes that the Bitcoin position will increase the company's operational efficiency and attract capital that wants exposure to Bitcoin but is only mandated to invest in Norwegian listed companies.
If you're wondering who's first where, then this is the situation? H100, led by Norwegian Sander Andersen, is the first publicly traded Bitcoin Treasury company in Sweden. The H100 naturally works closely with Finpeers, located in Switzerland, but where Sander Andersen is also CEO. K33, which launched its Bitcoin Treasury strategy in the previous uke, is listed in Sweden. In Sweden, too, bets Bitcoin Treasury Capital on being listed before “midsummer”. While Oslo Stock Exchange is the target newly established Ace Digital.
Below is more information about NBX's launch, based on a press release from the company.
NBX, which has already issued the world's first credit card with BTC cashback, wants to continue to be at the forefront of innovation in digital assets, and this strategy will help fulfill this promise. Generating returns on Bitcoin for both private and corporate clients, including a growing number of hedge funds using their trading, advisory or depository solutions, is important to the board's goal of becoming a digital assets bank.
Bitcoin is becoming an increasingly important part of the global financial infrastructure. NBX will become the only European issuer of the only MICA compliant stablecoin on the Cardano blockchain (USDM) and will use this position to create more value with Bitcoin. The company has already given 3.78 Bitcoin in cashback to cardholders and plans to expand its services so NBX can also generate returns on Bitcoin held in their professional and insured depository solution. They also plan to offer Bitcoin-secured loans in coming quarters! 1! 5.
As part of the initial allocation, the company has acquired 6 Bitcoin and will expand to approximately 10 Bitcoin during June. These Bitcoins are borrowed from the largest owners and will be used as collateral on the balance sheet to issue USDM and generate returns both on Bitcoin and within the Cardano and USDM ecosystems. NBX will not sell the Bitcoins or take short positions.
In addition, NBX will use the proceeds to buy more Bitcoin. The Bitcoin position will increase operational efficiency and attract capital that wants exposure to Bitcoin but is only mandated to invest in Norwegian listed companies. NBX is in dialogue with High Net Worth Individuals (HNI), family offices and the like to explore further capital raising to purchase more Bitcoin, and participation remains open.