A share increases by 138 percent after announcing Bitcoin (BTC) purchases
The share price of the Norwegian crypto exchange Norwegian Block Exchange has increased by over 138 % on a single day after the company announced that it would buy and hold Bitcoin.
The company divided on June 2 that 6 Bitcoin (BTC), worth $ 633,700 for the current course, and plan to expand its stocks to 10 BTC by the end of the month.
The company added that it would continue to have discussions in order to obtain further capital for further Bitcoin purchases.
The shares of the Norwegian Block Exchange (NBX) rose by 138.5 % in the course of June 2 and closed Sea Google Finance at 0.033 euros. The previous all -time high of the share was 0.93 euros, which was reached in January 2022.
The newly acquired Bitcoin from Norwegian Block Exchange are used as security to USDM, one Stablecoin to spend on the Cardano blockchain and to achieve earnings on the Bitcoin and within the Cardano ecosystem.
The platform said that “Bitcoin is becoming an important part of the global financial infrastructure”, and it would use its new stocks to “increase the operational efficiency” and to attract capital of companies that are interested in cryptocurrencies.
The stock exchange said that it would examine the offer of Bitcoin-assured loans as part of the plan of the board to become a bank for digital assets.
Other Norwegian companies are entering Bitcoin
Bitcoin has also included at least one more Norwegian company. In 2021 founded Aker ASA, a Norwegian industrial golding, the subsidiary Seetee, which is supposed to invest in Bitcoin and keep liquid funds in cryptocurrencies.
Aker stops through the subsidiary Sea BitcoinTreasuries.net 1,170 Bitcoin, which were bought at an average price of $ 50,200 and are worth $ 123 million at the current prices.
The Norwegian crypto brokerage company K33 has also planned to buy Bitcoin. It has raised $ 6.2 million to buy and keep cryptocurrency.
The Norges Bank, the Norwegian state fund with a volume of $ 1.7 trillion, owned By the end of 2024 indirect 3,821 BTC via its stock market systems.
After the announcement of the plans for the purchase of Bitcoin, other companies have also recorded an increase in their share prices. The crypto company Blockchain Group, based in Paris, started buying Bitcoin on November 5th and its Shales rose by 225 % to 0.48 euros.
In the meantime, the stocks of the Indonesian FinTech company Digiasia Corp almost doubled and rose by 91%after the company announced that there was $ 100 million to make a first Bitcoin purchase.
Keep Bitcoin treasuries from companies Sea Bitbo data together over three million Bitcoin worth over $ 342 billion.
Read too: Where can you buy Bitcoin: The best BTC providers 2024
