Norwegian Block Exchange has reported a significant increase in its stock following the launch of its Bitcoin acquisition plan.
Overview of Norwegian Block Exchange's Plan
On June 2, Norwegian Block Exchange announced the purchase of 6 Bitcoin valued at approximately $633,700 and plans to increase its holdings to 10 BTC by the end of the month. The company is continuing discussions to raise additional capital for further Bitcoin acquisitions.
Market Reaction to Bitcoin Purchase
Since the announcement, Norwegian Block Exchange's shares have surged over 138.5%, closing at 0.033 euros ($0.038). The stock's all-time high was 0.93 euros ($1.06) reached in January 2022.
Other Norwegian Companies Investing in Bitcoin
In 2021, Aker ASA established a subsidiary, Seetee, dedicated to investing in Bitcoin, holding 1,170 BTC worth around $123 million. Additionally, brokerage firm K33 is also planning to buy Bitcoin, raising 60 million Swedish krona ($6.2 million) for this purpose.
In conclusion, Norwegian Block Exchange and other Norwegian companies are showing a growing interest in Bitcoin, reflected in increased stock prices and expanded cryptocurrency holdings.
