NBX Joins Growing List of Nordic Companies Holding Bitcoin
NBX adds Bitcoin to its balance sheet, joining a rising wave of Nordic firms embracing BTC as a strategic asset.
By Nordics Bitcoin Staff 3/6/2025
Norwegian Block Exchange (NBX), a leading cryptocurrency exchange and digital asset platform based in Oslo, has added Bitcoin to its balance sheet - making it one of Norway’s first publicly listed Bitcoin treasury companies.
This strategic move aligns with NBX’s ambition to become a digital asset bank, and strengthens its position as a front-runner in the Nordic Bitcoin landscape. The company confirmed it has initially secured 6 Bitcoin, with plans to expand its holdings to approximately 10 Bitcoin by the end of June.
“Bitcoin is becoming an important part of the global financial infrastructure,” said NBX in its announcement.
“Adopting a treasury strategy is a natural step that enhances our operational efficiency and unlocks new revenue streams.”
Strategic Use of Bitcoin Holdings
Rather than simply holding Bitcoin passively, NBX intends to put its treasury assets to work:
The BTC has been loaned from the company’s largest shareholders
It will be used to generate yield through integration with the Cardano and USDM ecosystems
NBX emphasizes it will not sell or short the Bitcoin
This dual use - treasury asset and operational collateral - offers NBX flexibility to innovate around Bitcoin-backed loans, stablecoin issuance, and further expansion of its institutional services.
Building a Bitcoin-Based Banking Future
NBX is already known for its innovation, having issued the world’s first credit card with Bitcoin cashback. The company’s roadmap now includes:
Bitcoin-backed lending products
Yield-generating custody solutions
Strategic partnerships with hedge funds, HNIs, and family offices
NBX has also indicated it is open to raising additional capital from investors interested in participating in its Bitcoin treasury strategy, especially those with a mandate to invest in Norwegian public equities but seeking BTC exposure.
As Nordics Bitcoin has discussed previously, there are a number of benefits for investors to hold public equities as well as Bitcoin itself. NBX may not become one of those companies that are increasingly attractive for investors to hold to gain exposure to the Bitcoin price.
