NBX has purchased an additional 3.5 bitcoin at a price of about NOK 894,000 per bitcoin as part of the company's long-term treasury strategy. The build-up of the holdings takes place on the basis of the financing agreement with the global investment company LDA Capital (“LDA”).
CEO Stig Aleksander Kjos-Mathisen (pictured) tells Kaupr that NBX’s own holdings have thus reached 13.5 BTC, and that the company has also borrowed 6.5 BTC. NBX is also planning further purchases in Q1.
“Our conviction of bitcoin as a strategic asset is stronger than ever, and NBX continues the disciplined build-up of our bitcoin treasury,” the company said in a statement.
NBX (Norwegian Block Exchange) has a stated strategy of positioning itself as a leading bitcoin treasury company listed on the Norwegian stock exchange. Bitcoin should remain on the company's balance sheet as a long-term strategic asset.
According to the press release, NBX will continue to increase its bitcoin holdings through a Dollar-Cost Averaging (DCA) approach and a strategic partnership with LDA Capital.
In June last year, NBX accelerated its bitcoin treasury strategy with a new €1 million capital withdrawal and a three-year extension of its financing agreement with LDA. The extended agreement gave NBX access to up to US$10 million in equity financing, which will allow the company to scale its digital assets while safeguarding financial flexibility and the consideration of shareholders.
