Summary
- It was reported that the share price of Block Exchange, Norway's first strategic Bitcoin reserve company, soared by 138%.
- The Bitcoin reserve strategy of Block Exchange is said to be gaining confidence from investors.
- The company is also reportedly attempting to issue a stablecoin based on the Cardano network and transition into a digital asset specialist bank.
The previous day, the share price of 'Block Exchange (NBX)', which became Norway's first strategic Bitcoin (BTC) reserve company, surged by about 138%.
On the 3rd (local time), Coinpedia reported, "The share price of Block Exchange, which began its Bitcoin treasury strategy, surged by 138%," adding, "This reflects investor confidence in the company's Bitcoin reserve strategy." The report added, "Block Exchange is also attempting to issue a stablecoin based on the Cardano (ADA) network and convert into a digital asset specialist bank," and evaluated that "Norway's digital asset industry has truly begun."
Meanwhile, the previous day Block Exchange purchased 6BTC. The company plans to hold 10BTC by the end of June.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
![Trump ally Myron, a Fed governor, resigns White House post…pushing for rate cuts until Warsh arrives? [Fed Watch]](https://media.bloomingbit.io/PROD/news/75fa6df8-a2d5-495e-aa9d-0a367358164c.webp?w=250)