The share price of Norwegian crypto exchange NBX rose 138% in a single day due to the announcement of Bitcoin reserve plan
06-03 06:18
Odaily News Norwegian Block Exchange (NBX), a Norwegian cryptocurrency exchange, announced the launch of a Bitcoin reserve plan, and its stock price rose by more than 138% in a single day on June 2. NBX said it had purchased 6 bitcoins (about $633,700) and planned to expand its holdings to 10 bitcoins within this month. In addition, the company is continuing to raise funds for further purchases of bitcoin. NBX plans to use these bitcoins as collateral to issue stablecoins USDM on the Cardano blockchain and achieve revenue growth through the Cardano ecosystem. The company also revealed that its board of directors is studying the launch of a Bitcoin-backed loan service to advance its goal of becoming a digital asset bank. (Cointelegraph)
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