Norwegian Block Exchange (NBX) has raised 5.4 million Norwegian kroner, equivalent to approximately $535,000. The capital infusion is designated for expanding the company’s Bitcoin holdings and reinforcing its digital asset reserves.
This funding follows NBX’s previous purchase of 6 Bitcoins, valued at around $637,000. These acquisitions underscore NBX’s strategic focus on accumulating the cryptocurrency.
Alongside beefing up its reserves, the company is actively evaluating risk management frameworks within its trading ecosystem. This dual approach aims to build a more robust platform.
Reflecting strong investor backing for its cryptocurrency-centric strategy, NBX experienced a significant stock price increase of 138% earlier.