LATEST: European Crypto Firm K33 Raises $6.2 Million to Buy More Bitcoin

Norwegian crypto brokerage K33 has announced a bold leap into Bitcoin after raising 60 million Swedish krona or $6.2 million to build its own BTC treasury. The firm secured the funds through convertible loans and new shares which will be used entirely to buy Bitcoin at current prices. K33 could purchase up to 57 Bitcoin with the funds raised.

CEO Bull Jenssen shared the news on May 28 stating Bitcoin will be the top asset of the decade and that K33 plans to accumulate as many as possible. He emphasized the move as a step toward creating operational synergies with their brokerage business and building a reserve without waiting for government action.

The strategy forms part of K33’s broader expansion plans across the Nordics including BTC-backed lending services. Jenssen called Bitcoin both a high-conviction asset and a strategic tool to unlock revenue and partnerships. K33 stock remained steady after the announcement closing down slightly by 1.96%.

Source

99.5K Reads