The firm announced the acquisition of 6 Bitcoin with plans to increase holdings to 10 BTC by the end of June.
The move sent NBX shares soaring more than 138% following the announcement. NBX is listed on the Euronext Growth Oslo market under the ticker symbol NBX.
NBX aims to generate yield through both its insured custody infrastructure and Cardano’s DeFi ecosystem, as it advances toward its goal of becoming a regulated digital asset bank.
The initial 6 BTC, valued at over $630,000, was loaned from NBX’s largest shareholders and will not be sold or shorted. Instead, it will remain on the company’s balance sheet to support stablecoin issuance and yield strategies.
France’s Blockchain Group saw its shares rise 225% after disclosing a BTC allocation last year, while Indonesia’s DigiAsia Corp jumped 91% following plans to raise $100 million for Bitcoin purchases.
Industrial conglomerate Aker ASA holds 1,170 BTC through its crypto subsidiary Seetee, while K33, a Norwegian brokerage, recently raised $6.2 million to begin acquiring Bitcoin.
By positioning itself as a publicly traded Bitcoin-exposed vehicle, NBX may attract capital from institutions restricted to investing in Norwegian equities but seeking BTC exposure.
The firm plans to engage family offices and high-net-worth individuals in its capital raise and will host a dedicated Bitcoin treasury event on June 11 to outline next steps.
Founded in 2018, NBX is licensed and regulated in Norway and provides trading, custody, and blockchain services across the Nordic region.
