BlockBeats News, July 5th, Norwegian cryptocurrency exchange Norwegian Block Exchange (NBX) announced the completion of a 5.4 million Norwegian Krone (approximately $535,000) financing round. It is reported that this funding will be used specifically for Bitcoin purchases. The company had previously purchased 6 Bitcoins (approximately $633,700) and plans to explore using Bitcoin as collateral.
BlockBeats previously reported that on June 3rd, due to the announcement of a Bitcoin reserve plan, the stock price of the Norwegian cryptocurrency exchange NBX rose by 138% in a single day.