OSLO, NORWAY - June 02, 2025 - Norwegian Block Exchange (NBX), a leading Nordic
cryptocurrency exchange and digital asset platform, has obtained BTC to hold on
its balance sheet. Being the first publicly listed Bitcoin treasury company in
Norway will be a strategic enabler for core operations and future revenue
streams.

Having already issued the first credit card in the world with BTC cashback, NBX
seeks to continue being at the forefront of innovation within digital assets,
and adapting this strategy will deliver on that promise. Generating Bitcoin
yield for our private & corporate customers such as the increasing number of
hedge funds that continue to use our trading, consultancy or custody solutions
is an important part in fulfilling the board's agenda to become a digital asset
bank. 

Bitcoin is becoming an important part of the global financial infrastructure.
NBX will become the sole European issuer of the only MiCA compliant stablecoin
on the Cardano blockchain (USDM) and will use this position to create further
value with the Bitcoin. Having already gifted 3,78 Bitcoin in cashback to our
card holders, we are excited to expand our increasing services so that NBX also
can generate yield on Bitcoin held in our professional and insured custody
solution. Since starting with credit products, the mission has been to broaden
our product scope with Bitcoin backed loans and this will allow for exploring
that in the coming quarters as well. 

As part of the initial allocation, the Company has obtained 6.0 Bitcoin and will
expand to approximately 10.0 within June. This will allow for a limited proof of
concept. The Bitcoin has been loaned from the largest owners and will be used as
collateral on our balance to issue USDM and generate yield on both the Bitcoin
and within the Cardano and USDM ecosystems. NBX will not sell this Bitcoin or go
short in any form. With reference to the latest POA notice with LDA capital, NBX
will also use proceeds to buy additional Bitcoin. 

The Bitcoin will increase operational efficiency, in addition to attracting
capital that need exposure to Bitcoin yet only have a mandate to invest in
Norwegian publicly listed companies. NBX is in discussion with HNI, family
offices and similar to explore raising further capital to acquire more Bitcoin
with participation still open. The company will also host a Bitcoin treasury
event the 11th of June with invitation attached. 

About Norwegian Block Exchange (NBX)
Founded in 2018, Norwegian Block Exchange (NBX) is a trusted cryptocurrency
exchange serving the Nordic market. Licensed and regulated in Norway, NBX offers
secure trading of digital assets, custody solutions, and blockchain technology
services for retail and institutional clients. NBX is committed to providing a
compliant trading environment with robust security measures and transparent
operations. The company issued the first credit card in the world with BTC
cashback. 

Contact person: Stig Kjos-Mathisen, 
CEO Email: stig.aleksander.kjos-mathisen@nbx.com 
Phone: +47 932 87 572

Contact person: Nicolai Lunde, 
CFO Email: nicolai.lunde@nbx.com