The Norway-based crypto exchange Norwegian Block Exchange (NBX) experienced a staggering 138% increase in its stock price after announcing its intention to purchase and hold Bitcoin. On June 2, the exchange revealed it bought 6 Bitcoin for $633,700 and aims to expand its holdings to 10 BTC by month-end. The stock closed at 0.033 euros ($0.038), significantly up from its previous prices. Notably, NBX plans to use its Bitcoin as collateral to issue on the Cardano blockchain, which will enhance yield generation and operational efficiency. The exchange sees Bitcoin as crucial for attracting investment from firms interested in crypto. Other Norwegian companies, like Aker ASA and K33, are also adding Bitcoin to their balance sheets, indicating a growing trend among Norwegian firms to embrace cryptocurrency. Norges Bank, Norway's wealth fund, is expected to further explore Bitcoin through stock market investments. The rise in corporate Bitcoin treasuries highlights the global shift towards cryptocurrency investment among large entities.

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