Norwegian Block Exchange in Norway has seen the price of its shares jump over 138% a single trading day since it announced that it had begun to hold and buy Bitcoin.
The Company said It purchased six Bitcoins on June 2.BTCIt plans to grow its BTC to 10 by the end the month.
This company is continuing its discussions with the aim of acquiring more Bitcoins.
Norwegian Block Exchange shares rose over 138.5% on the trading day of June 2. They closed at 0.033 Euros ($0.038). according Google Finance. Google Finance.
Norwegian Block Exchange is using newly-acquired Bitcoins as collateral in order to issue new Bitcoins USDM, a stablecoin Cardano Blockchain – Earn Bitcoin and Cardano Yields Cardano ecosystem.
It said on the platform “Bitcoin is becoming an important part of the global financial infrastructure,” The company will now use the new properties to “increase operational efficiency” You can attract investment from crypto-related companies.
Exchange said that it would explore the possibility of offering Bitcoin-backed loans As part of its agenda, the bank will become a digital assets bank.
Norwegian companies into Bitcoin shortlist
A Norwegian industrial holding company, Aker ASA will adopt Bitcoin into its financial statement in 2021. Aker ASA is a Norwegian holding company that will be launching its Bitcoin-based balance sheet in 2021. created Seetee has a subsidiary that is dedicated to Bitcoin investment and the holding of liquid crypto assets.
Aker, through its subsidiary, holds 1 171 Bitcoin. according to Bitcointreasuries.net, bought at an average cost of $50,200 and worth $123 million at current prices.
Norwegian Crypto Brokerage K33 also announced plans to buy Bitcoin from other companies. raising 60 million Swedish krona The cryptocurrency can be purchased and held for $6,2 million.
Norges Bank, Norway’s $1.7 trillion sovereign wealth fund, indirectly owned 3,821 BTC Through its stock-market investments, by the year 2024.
Related: Meta won’t buy Bitcoin as shareholders knock back treasury idea
Other companies’ stock prices have increased after announcing their Bitcoin-buying plan. The Paris-based cryptocurrency company Blockchain Group began buying Bitcoins on November 5, it’s stock spiked 225% to 0.48 euros ($0.52).
DigiAsia Corp., an Indonesian fintech startup is also a major shareholder. nearly doubled, rising 91%The company has announced that it will raise $100 million for its initial Bitcoin purchases.
Over three million Bitcoins, valued at over $342 billion dollars, are held by corporate Bitcoin treasuries. according to Bitbo data.
Magazine: Bitcoin $200K ‘obvious’ breakout, GameStop’s first BTC buy: Hodler’s Digest, May 25 – 31
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Source: cointelegraph.com
