Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Crypto News

Norway’s NBX Stock Rockets 138% After Surprise Bitcoin Treasury Buy — What’s Next for the BTC Price?

by
June 3, 2025
in Crypto News
0
Norway’s NBX Stock Rockets 138% After Surprise Bitcoin Treasury Buy — What’s Next for the BTC Price?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Norwegian Block Exchange (NBX) shares surged over 138% in a single day after the Oslo-based crypto exchange revealed it had begun adding Bitcoin to its treasury.

Key Takeaways:

NBX stock surged 138% after announcing its first Bitcoin treasury purchase. The exchange plans to use BTC reserves to back a Cardano-based stablecoin and expand crypto lending. Bitcoin is consolidating above $105K, with a potential breakout target near $108K if momentum builds.

On June 2, NBX announced the purchase of 6 Bitcoin (BTC), valued at roughly $633,700 at current prices, with plans to increase its holdings to 10 BTC by the end of June.

The company said it is also in discussions to raise additional capital to expand its Bitcoin position further.

NBX Shares Soar 138.5% After Bitcoin Treasury Move

Following the news, NBX shares jumped 138.5%, closing at €0.033 ($0.038), according to Google Finance.

Though still far below its all-time high of €0.93 ($1.06), reached in January 2022, the stock’s sharp rally reflects renewed investor appetite for Bitcoin-aligned firms.

NBX said its Bitcoin reserves will be used as collateral to issue USDM, a stablecoin on the Cardano blockchain, while generating yield within the Cardano ecosystem.

The company added that Bitcoin is becoming “an important part of the global financial infrastructure” and that it aims to leverage the holdings to enhance operational efficiency and attract institutional capital.

The firm also plans to offer Bitcoin-backed loans, as part of a broader strategy to establish itself as a leading digital asset bank.

NBX is not the first Norwegian company to embrace Bitcoin. In 2021, Norwegian industrial giant Aker ASA launched Seetee, a Bitcoin-focused subsidiary.

JUST IN: Norwegian Block Exchange becomes the first publicly traded #Bitcoin treasury company in the country pic.twitter.com/kY9KK2VbFi

— Bitcoin Magazine (@BitcoinMagazine) June 2, 2025

Aker holds 1,170 BTC, purchased at an average cost of $50,200, now valued at around $123 million, according to Bitcointreasuries.net.

Elsewhere in Norway, crypto brokerage K33 recently raised 60 million Swedish krona ($6.2 million) to acquire Bitcoin for its own balance sheet.

Meanwhile, Norges Bank, Norway’s $1.7 trillion sovereign wealth fund, indirectly holds 3,821 BTC through its equity investments.

Globally, companies adding Bitcoin to their treasuries have often seen strong stock market reactions.

Paris-based Blockchain Group’s stock soared 225% after it began accumulating Bitcoin in November, while Indonesian fintech DigiAsia Corp shares climbed 91% after unveiling a $100 million Bitcoin buying plan.

Overall, corporate Bitcoin treasuries now hold more than 3 million BTC, valued at over $342 billion, according to Bitbo data.

BTC Consolidates Above $105K as Bulls Eye Breakout

Bitcoin is trading steady around $105,300, showing resilience above key support levels after a volatile week.

On the 2-hour chart, BTC remains range-bound between $103,800 and $106,300, with Bollinger Bands tightening.

RSI at 52.94 suggests a neutral stance, while the MACD is turning slightly bullish, hinting at potential upside momentum.

The 30-minute chart paints a similar picture. BTC continues to consolidate between $104,600 and $106,200, with RSI hovering around 51.11 — signaling indecision.

MACD remains flat, indicating that neither buyers nor sellers are in control in the short term.

Zooming into the 1-minute chart, BTC has recovered from early session lows, climbing steadily back toward $105,360.

RSI is currently elevated at 60.29, suggesting slight bullish pressure, while MACD has crossed into positive territory, confirming short-term upward momentum.

Overall, BTC’s near-term outlook remains constructive as long as it holds above the $104,600–$105,000 range.

A break above $106,300 could open the door toward $108,000. On the downside, losing $104,600 could trigger a retest of $103,000 support.

The post Norway’s NBX Stock Rockets 138% After Surprise Bitcoin Treasury Buy — What’s Next for the BTC Price? appeared first on Cryptonews.

Previous Post

Cartier Signs Agreement with Exploits Discovery To Option 100% of the Benoist, Fenton and Wilson Properties

Next Post

Halcones Precious Metals Provides Update on Polaris Gold Project, Antofagasta Region Chile

Next Post
Halcones Precious Metals Provides Update on Polaris Gold Project, Antofagasta Region Chile

Halcones Precious Metals Provides Update on Polaris Gold Project, Antofagasta Region Chile

  • Trending
  • Comments
  • Latest
Pepe Price Climbs 43% With Only 21 Days Left to Buy MIND of Pepe Cheap, Nearly $9m Raised 

Pepe Price Climbs 43% With Only 21 Days Left to Buy MIND of Pepe Cheap, Nearly $9m Raised 

May 9, 2025
Bitcoin Price Prediction: At $103,688 BTC Shows Unstoppable Weekly Growth of 7.6% – Could We See a New All-Time High Before June?

Bitcoin Price Prediction: At $103,688 BTC Shows Unstoppable Weekly Growth of 7.6% – Could We See a New All-Time High Before June?

May 10, 2025
Murchison South Increases to 67koz Gold Across Two Pits

Murchison South Increases to 67koz Gold Across Two Pits

May 13, 2025
Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

May 8, 2025
Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

June 5, 2025
Bitcoin Miner BitMine Raises $18M to Buy Bitcoin, Stock Lists on NYSE American

Bitcoin Miner BitMine Raises $18M to Buy Bitcoin, Stock Lists on NYSE American

June 5, 2025
SEC Scores $1.1M Court Victory After Crypto Scam Defendant Fails to Respond

SEC Scores $1.1M Court Victory After Crypto Scam Defendant Fails to Respond

June 5, 2025
Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

June 5, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

    Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

    June 5, 2025
    Bitcoin Miner BitMine Raises $18M to Buy Bitcoin, Stock Lists on NYSE American

    Bitcoin Miner BitMine Raises $18M to Buy Bitcoin, Stock Lists on NYSE American

    June 5, 2025
    SEC Scores $1.1M Court Victory After Crypto Scam Defendant Fails to Respond

    SEC Scores $1.1M Court Victory After Crypto Scam Defendant Fails to Respond

    June 5, 2025
    Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

    Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

    June 5, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved