Norwegian Block Exchange stock rises 138% on Bitcoin buy
The Norway-based crypto exchange Norwegian Block Exchange has seen its stock price jump over 138% in a single day after it said it was starting to buy and hold Bitcoin.
The company said on June 2 it purchased 6 Bitcoin (BTC), worth $633,700 at current prices, with plans to expand its holdings to 10 BTC by the end of the month.
It added that it’s continuing discussions to raise further capital for more Bitcoin buys.
Shares in Norwegian Block Exchange (NBX) stock rose over 138.5% over the June 2 trading day, closing at 0.033 euros ($0.038), according to Google Finance. So far, the stock’s all-time high has been 0.93 euros ($1.06), which it hit in January 2022.
