Norwegian crypto platform spikes 138% on Bitcoin treasury plan

Shares in the Norwegian Block Exchange jumped 138% on June 2 after the crypto exchange said it bought 6 Bitcoin and planned to buy many more.

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.

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