A stock under the radar has risen 150% in one day after announcing plans to accumulate Bitcoin (BTC) as a treasury assets.
In a press release, the Norway-based crypto exchange Norwegian Block Exchange (NBX) exchange out It started with buying Bitcoin to hold his balance.
“As part of the first allocation, the company has obtained six Bitcoin and will turn it off to around 10 in June. This will make a limited proof of concept possible.”
The company says that the Bitcoin will use as collateral to publish USDM, a stablecoin on the Cardano (ADA) blockchain, and “generates efficiency on both the Bitcoin and within the cardano and USDM ecosystems.”
“NBX will not sell this bitcoin or rage in any form … NBX will also use the yield to buy extra Bitcoin.”
The company also says that “Bitcoin becomes an important part of the global financial infrastructure” and that launching a Bitcoin Treasury will not only help with operational efficiency, but also attract investors looking for exposure to the flagship Crypto Asset.
In the midst of the announcement, NBX shares rose on 2 June from 0.021 euros ($ 0.024) to 0.053 euros ($ 0.060) on 3 June, an increase of around 150%.
NBX, founded in 2018, says that the BTC Treasury is the last attempt to increase the acceptance of digital assets, which emphasizes how it has already published the first credit card in the world that customers reward with BTC for each transaction.
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