BitcoinSistemi 2025-05-29 13:24:07

Norway-Based Crypto Company Raises Millions of Dollars to Buy Bitcoin! Here Are the Details

Norway-based crypto asset manager K33 has officially launched its Bitcoin treasury strategy, raising 60 million Swedish kronor (about $6.2 million) in new funding to purchase Bitcoin and expand its product range. Norwegian Crypto Company K33 Raises $6.2 Million to Buy Bitcoin K33, which is listed on the Nasdaq First North Growth Market, announced that it has increased its capital through newly issued shares and warrants worth 15 million Swedish kronor and convertible loans totaling 45 million Swedish kronor. “We believe Bitcoin will become an important part of the global financial system. I am excited to begin the process of building a strong balance sheet backed by Bitcoin. This is not only a strong investment conviction but more importantly, a strategic opportunity for K33 as a leading crypto broker,” said Torbjørn Bull Jenssen, CEO of K33. The company emphasized that the BTC purchase is not just an investment but a strategic move to support future product development, including improved trading margins and BTC-backed lending services. Jenssen added that the company is drawing inspiration from industry best practices as it focuses on its next phase of growth. K33’s latest earnings report, released on Wednesday, showed first-quarter revenue reaching 450 million Swedish kronor ($46.6 million), a 200% increase year-on-year and indicating that the company is growing rapidly and gaining momentum toward its Bitcoin-backed strategy. K33’s move mirrors the strategies of other cryptocurrency pioneers like Strategy in the U.S. and Metaplanet in Japan. While Strategy remains the dominant buyer, its pace has slowed recently due to the narrowing premium on its Class A shares (MSTR) and increased competition from institutional Bitcoin accumulation, according to K33 Research Director Vetle Lunde. *This is not investment advice. Continue Reading: Norway-Based Crypto Company Raises Millions of Dollars to Buy Bitcoin! Here Are the Details