Norwegian Exchange Gets Bitcoin and Plans to Turn It Into a Stablecoin! 🤣💸

Hold onto your hats, folks! The Norwegian Block Exchange, otherwise known as NBX—yes, that’s a real name and not a typo—has decided to dive headfirst into the world of crypto shenanigans. They announced they’ve snatched up some Bitcoin, a whole 6.0 BTC worth over $663,700, and plan to use it as collateral to launch a shiny new stablecoin on Cardano. Because what could possibly go wrong with that? 🤔

And the best part? They’re borrowing this Bitcoin from their biggest shareholders—no selling, no shorting, just good old-fashioned “let’s just sit on it and hope it appreciates” attitude. Classic! They say, “We will not sell this Bitcoin or go short in any form,” probably while nervously biting their nails. In the meantime, they plan to beef up their Bitcoin stash to 10.0 BTC and become the cool kid on Europe‘s stablecoin block with USDM—the only MiCA-compliant token around. Well, aren’t they just special? ✨

But wait, there’s more! They already launched a Bitcoin cashback credit card—because who doesn’t love spending and earning Bitcoin at the same time? They’ve doled out around 3.78 BTC to their users so far—just enough to keep everyone happy and confused. Now, they’re dreaming bigger—Bitcoin-backed loans, interest-earning products, and maybe even crypto-powered coffee machines! Well, maybe not the coffee machines, but they’re thinking about Bitcoin to make their systems “more efficient.” Hmm, wonder if efficiency includes less sleep for the CEO? 😴

Mark your calendars! On June 11, NBX is throwing an exclusive event—not open to the public, of course—to unveil their grand plans for their Bitcoin treasure trove. Only the chosen ones get to attend. Because if there’s one thing we know, it’s that secrets and Bitcoin go hand in hand—unless the SEC finds out, then all bets are off! Their goal? To become a “full digital asset bank”—because nothing screams stability like a rollercoaster ride, right? 🎢

In case you missed it, Bitcoin is now part of the global financial infrastructure, or at least that’s what NBX claims. Meanwhile, 214 companies worldwide are stacking Bitcoin like it’s the last roll of toilet paper before the apocalypse. The biggest of all? Strategy, led by Michael Saylor—because if you’re going to go big, go big, right? They hold a staggering 580,955 BTC, valued at around $60 billion—surely enough to keep the lights on and the boardroom entertained. 🤑

2025-06-04 19:25

Norwegian Exchange Gets Bitcoin and Plans to Turn It Into a Stablecoin! 🤣💸

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