Norway's first Bitcoin holdings listed company launches Cardano-based stablecoin strategy.

2025-06-02 22:50:56

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## First Case of a Listed Company in Norway

Norwegian Block Exchange (NBX), a publicly traded cryptocurrency exchange in Norway, announced that it has acquired the exclusive issuance rights for the only MiCA-compliant stablecoin USDM on the Cardano blockchain in Europe. The company also revealed on June 3 that as part of its Bitcoin holding strategy, it has acquired an initial allocation of 6 BTC and plans to expand to approximately 10 BTC by the end of June.

NBX is a Norway licensed exchange established in 2018, and it issues the world’s first BTC cashback credit card. With this strategy, it aims to become Norway’s first publicly listed company holding Bitcoin and to transform into a digital asset bank.

The held Bitcoin will be utilized as collateral for the issuance of USDM stablecoins and for generating revenue within the Cardano ecosystem. The company plans to not sell the acquired Bitcoin and is also planning additional purchases through a funding agreement with LDA Capital.

NBX is scheduled to hold an event on June 11 regarding Bitcoin holding strategies, and is also discussing additional fundraising from wealthy individuals and investment firms. The company’s innovative approach is likely to pave the way for a new business model in the cryptocurrency industry in the Nordic region.

BYN-2,02%

BTC-0,98%

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