Shares of Norwegian Block Exchange (NBX) experienced a dramatic increase of over 138% in a single session following the company’s announcement regarding its initial addition of Bitcoin to its treasury.
Key Highlights:
- NBX shares skyrocketed 138% after revealing its first Bitcoin acquisition.
- The exchange aims to utilize its Bitcoin reserves to support a Cardano-based stablecoin and broaden its crypto lending operations.
- Bitcoin is currently maintaining a price above $105,000, with potential resistance noted around $108,000 if upward momentum continues.
On June 2, NBX disclosed its acquisition of 6 Bitcoin (BTC), which is approximately valued at $633,700 based on current market prices. The company intends to expand its holdings to 10 Bitcoin by the end of the month.
Additionally, NBX is in talks to secure further capital to enhance its Bitcoin investments.
NBX Shares Surge 138.5% Following Bitcoin Treasury Announcement
In the wake of the treasury news, NBX shares surged 138.5%, closing at €0.033 ($0.038), as reported by Google Finance.
Although this price remains significantly lower than its peak of €0.93 ($1.06) in January 2022, the recent uptrend signals a renewed interest from investors in companies associated with Bitcoin.
NBX indicated that the acquired Bitcoin would be utilized as collateral for the issuance of USDM, a stablecoin built on the Cardano blockchain, and would also generate yield within the Cardano ecosystem.
The exchange emphasized that Bitcoin plays an increasingly vital role within the global financial infrastructure and aims to leverage its Bitcoin holdings to optimize operational efficiency and draw in institutional investment.
As part of its broader strategy, the company plans to introduce Bitcoin-backed loan offerings, positioning itself as a frontrunner in the digital asset banking space.
NBX is following in the footsteps of other Norwegian entities, including the industrial giant Aker ASA, which established its Bitcoin-centric subsidiary, Seetee, in 2021.
JUST IN: Norwegian Block Exchange becomes the first publicly traded #Bitcoin treasury company in the country pic.twitter.com/kY9KK2VbFi
— Bitcoin Magazine (@BitcoinMagazine) June 2, 2025
Aker holds 1,170 BTC, which it purchased at an average price of $50,200, currently valued at approximately $123 million, based on data from Bitcointreasuries.net.
In a related development, the Norwegian crypto brokerage K33 recently secured 60 million Swedish krona (around $6.2 million) to procure Bitcoin for its balance sheet.
Additionally, Norges Bank, Norway’s sovereign wealth fund worth $1.7 trillion, indirectly holds 3,821 BTC as part of its equity investments.
Globally, the trend of companies adding Bitcoin to their treasuries has led to significant stock market responses. For instance, the stock of Paris-based Blockchain Group surged 225% after it commenced its Bitcoin accumulation in November, and shares of Indonesian fintech DigiAsia Corp increased by 91% following the announcement of a $100 million Bitcoin acquisition plan.
Currently, corporate Bitcoin treasuries collectively hold over 3 million BTC, valued at more than $342 billion, according to Bitbo data.
BTC Holds Steady Above $105K as Bulls Aim for Breakout
Bitcoin’s trading has remained stable near $105,300, showing resilience above critical support levels after a week of volatility.
According to the 2-hour chart, BTC is trading within a range of $103,800 to $106,300, as the Bollinger Bands indicate tightening conditions.
An RSI reading of 52.94 suggests a neutral market sentiment, while a slightly bullish MACD indicates potential upward momentum.
On the 30-minute chart, BTC continues its consolidation between $104,600 and $106,200, with an RSI around 51.11 implying market indecision.
The MACD shows little change, reflecting that short-term control remains evenly split between buyers and sellers.
Taking a closer look at the 1-minute chart, Bitcoin has rebounded from earlier session lows, steadily approaching $105,360.
With an RSI of 60.29, slight bullish momentum is indicated, and the MACD has moved into positive territory, reinforcing short-term upward potential.
The near-term outlook for BTC appears optimistic, provided it maintains levels above the $104,600 to $105,000 range. A breach above $106,300 could open the path toward the $108,000 mark, while a decline below $104,600 could prompt a retest of the $103,000 support level.
The post Norway’s NBX Stock Rockets 138% After Surprise Bitcoin Treasury Buy — What’s Next for the BTC Price? appeared first on Finance Newso.
