Welcome to Kaupr Today

Good morning. Crypto Adoption Week is continuing today, with the live event for Finland. Recordings both from the Danish and Swedish live events are now available. Tomorrow, Thursday, is the grand final, with two live events, one for Norway and one for the Nordics that will summarize all findings and impressions from the whole week.

We are picking up more regular news again, both regarding market developments in Asia, Bitcoin and crypto-related stocks, as well as new collaborations between traditional market places and tokenization platforms.

We are also sharing our understanding of the big bitcoin transaction earlier this week by H100, now becoming a major bitcoin treasury company in Europe.

Have a great Tuesday!

Morten

Markets and Bitcoin still shifting directions

Asia markets mixed as investors assess Wall Street cues and regional data

Asian shares were mixed on Wednesday, with Japan’s Nikkei 225 and South Korea’s Kospi edging higher while Hong Kong’s Hang Seng lagged, as traders digested an overnight rebound on Wall Street and fresh regional macro data.

Why it matters: Moves in Asia set the tone for global risk sentiment at the start of the European session, especially for tech and export‑driven names that feed into U.S. and European supply chains.

Source: “Asia markets today: Nikkei 225, Kospi, Hang Seng Index” – CNBC

Bitcoin sinks below $70,000 as Bernstein analysts say token ‘looks bottomed’

Bitcoin slipped under $70,000 on Tuesday after spending weeks trading in a $65,000–$75,000 range, even as Bernstein reiterated a $150,000 price target for the end of 2026.

Why it matters: Bernstein argues bitcoin has likely bottomed, pointing to renewed ETF inflows and aggressive buying from MicroStrategy as signs the next leg of the cycle could be higher.

Source: “Bitcoin sinks below $70,000 as Bernstein analysts say token ‘looks bottomed’” – Yahoo Finance

Clarity clarifications and market effects

Coinbase, Circle stocks tumble as stablecoin rewards receive no ‘clarity’

Shares of Circle Internet Group fell around 20% and Coinbase dropped roughly 10% after a new draft of the U.S. Clarity Act floated strict limits on paying yield on stablecoin balances, hitting expectations around USDC‑linked rewards.

Why it matters: The proposal targets one of stablecoins’ main value propositions versus bank deposits, raising regulatory risk for platforms like Coinbase and issuers like Circle that rely on yield to attract and retain users.

Source: “Coinbase, Circle stocks tumble as stablecoin rewards receive no ‘clarity’” – TheStreet.

Stock and tokenization markets keep merging

New York Stock Exchange and Securitize agree to memorandum of understanding to support tokenized securities

The New York Stock Exchange has signed an MOU with tokenization platform Securitize to make it the first digital transfer agent eligible to mint blockchain‑native securities for issuers on NYSE’s upcoming Digital Trading Platform. The collaboration focuses on building standards and infrastructure for on‑chain settlement of tokenized stocks and ETFs, including regulatory, operational, and technology requirements for institutional‑grade tokenized securities.

Why it matters: The partnership signals that one of the world’s leading stock exchanges is formally integrating tokenization into its core market infrastructure, moving traditional securities toward 24/7, blockchain‑based settlement. It also elevates Securitize’s role as a key regulated player in the RWA space, potentially accelerating mainstream adoption of tokenized equities and funds.

Source: “New York Stock Exchange and Securitize Agree to Memorandum of Understanding to Support Tokenized Securities” – Business Wire.

Big bitcoin treasury transaction in the Nordics

H100 triples its bitcoin holdings through a strategic acquisition

In practice, this is a merger between Sweden’s H100 Group and the Norwegian bitcoin companies Moonshot AS and Never Say Die AS, where ownership in the combined company mirrors how much bitcoin each party contributes. After completion, the sellers are expected to own around 70% of H100, while current H100 shareholders retain about 30%.

This means Norwegian bitcoin investor Geir Harald Hansen rolls his holdings fully into the deal and continues as a major shareholder in a European listed bitcoin‑treasury company, rather than “just” holding a large private stack. A new combined leadership will be built on the strengths of both organizations, with key roles for profiles such as Sander Andersen, Johannes Wiik, Eirik Grøttum and Peter Warren.

Why it matters: The transaction effectively consolidates a large private Norwegian bitcoin position into a listed Nordic vehicle, strengthening H100’s scale, liquidity and institutional profile as it pursues its ambition to become a leading public bitcoin‑treasury in Europe.

Source: “H100 triples its bitcoin holdings through a strategic acquisition”, Kaupr

New findings about crypto adoption in the Nordics

Nearly 800,000 Finns have engaged with crypto – long-term interest remains strong despite the downturn

Nearly 800,000 Finns have bought or owned crypto at some point, confirming that digital assets reached the mainstream in Finland during and after Covid despite market drawdowns. Younger adults dominate usage, and current trends point toward more than 1 million Finns potentially becoming crypto owners over the coming years.

Why it matters: Finland is emerging as a structurally important crypto market in the Nordics, with resilient long‑term interest that persists beyond bull‑market hype. This strengthens the case for local banks, fintechs, and regulators to treat crypto as a lasting part of the country’s investment landscape.

Source: “Nearly 800,000 Finns have engaged with crypto – long-term interest remains strong despite the downturn”, Kaupr

Crypto Adoption Week 2026 - continuing today - recordings available after all events

Join Live events for Denmark, Sweden, Finland, Norway and Nordics

In the week of 23–26 March, Crypto Adoption Week 2026 kicks off with five live events, covering Denmark, Sweden, Finland, Norway and a Nordic comparison session.

The Nordic Crypto Adoption Week is brought to you by K33, Nordic Blockchain Association, and Kaupr, in partnership with Firi, Blockpit, Brava Finance, d-fine, and Kvarn X.

We reveal fresh data and findings from brand new surveys in all Nordic countries and discuss what this means for investors, platforms and policymakers.

Watching live and recordings via LinkedIn Live Events

​To watch the live streams covering adoption numbers and findings, register and join the events you want to attend. Click Attend on the actual LinkedIn event to get a reminder when we go live, watch the stream directly on the event page, and access the full recordings afterwards.

​Nordic Crypto Adoption - Denmark 2026 Live - Mon 23. March 11:00 - 13:00 CET

​Nordic Crypto Adoption - Sweden 2026 Live - Tue 24. March 11:00 - 13:00 CET

​Nordic Crypto Adoption - Finland 2026 Live - Wed 25. March 10:00 - 12:00 CET

​Nordic Crypto Adoption - Norway 2026 Live - Thu 26. March 11:00 - 13:00 CET

​Nordic Crypto Adoption - Nordics  2026 Live - Thu 26. March 13:00 - 14:30 CET

Watching live and recordings on YouTube

If you prefer, you can also watch the live events on YouTube. Below you will find links to each broadcast on YouTube. Click “Notify me” / “Set reminder” on your live event so you get a notification when we go live.

​Nordic Crypto Adoption - Denmark 2026 Live - Mon 23. March 11:00 - 13:00 CET

​Nordic Crypto Adoption - Sweden 2026 Live - Tue 24. March 11:00 - 13:00 CET

​Nordic Crypto Adoption - Finland 2026 Live - Wed 25. March 10:00 - 12:00 CET

​Nordic Crypto Adoption - Norway 2026 Live - Thu 26. March 11:00 - 13:00 CET

​Nordic Crypto Adoption - Nordics  2026 Live - Thu 26. March 13:00 - 14:30 CET

Watch and read more on Kaupr

You can also watch the streams here on Kaupr. Before the live events, you can find more information and relevant news on this landing page. After the events, we will also make recordings, reports, and article summaries available.

Share Kaupr Today

Thank you for reading Kaupr Today. If you find this briefing useful, please share it with a colleague or friend who should be following Nordic and European digital‑finance news more closely. Wishing you a Wednesday — and welcome back on Thursday morning for the next edition of Kaupr Today.

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Best regards
Morten Myrstad
Founder & Editor