Norwegian Block Exchange (NBX) has raised 5.4 million Norwegian Kroner, equivalent to approximately $532,000, through its third put option financing round.
The proceeds are earmarked to bolster NBX’s holdings of Bitcoin, enhancing the platform’s cryptocurrency reserves.
This strategic financial move is a direct response to growing market demand, aiming to strengthen the exchange’s overall asset portfolio.
The put option financing mechanism provides capital specifically dedicated to expanding NBX’s Bitcoin treasury.