The Norwegian broker K33 has put his view on adding Bitcoin to his balance sheet. It collected $ 60 million (about $ 6.2 million) to buy and hold Cryptocurrency.
Based on reports, the cash comes from a mix of convertible loans and new shares and guarantees problems.
New funding round raises SEK 60 million
According to K33’s May 28 statementSEK 45 million of the total comes from interest -free convertible loans. These loans have no interest and mature on June 30, 2028.
The rest, SEK 15 million, will be increased through a new share sales and free warrants. If all warrants and conversions occur, K33 could withdraw up to SEK 75 million.
Bitcoin -Köpplan is described
Based on reports, the new funds will go “in full” to build what K33 calls its Bitcoin Treasury strategy. At today’s price of just over $ 108,000 per coin, the company could buy about 57 BTC. It gives them a decent pile with BTC to work with as they roll out new services.
Bitcoin will be the best performing asset in the coming decade and my goal with K33 is to gather as many as possible while unlocking powerful operational synergies with our broker. https://t.co/crxu0b5qpz
– Torbjørn (@torbjrnbulljens) May 28, 2025
The management sees long -term gains
CEO Bull Jenssen published on X that he expects Bitcoin to be the “best performance in the coming decade.” He wrote that K33 will “gather as many people as possible while unlocking powerful operational synergies with our broker.”
He also asked:
“Why wait for the government to build a cryptoic reserve when you can build your own?”
Risks and rewards
K33’s share price was barely and actually fell 1.90% on May 28. It shows that some investors are worried about Bitcoin’s Wild Swings. It is a known fact that BTC can jump or release 10% or more in a single day.
Gamestop Saw his warehouse jump around 10% after it said it would buy bitcoin, just to slip 10% when it made its first purchase of 4,710 BTC. And Paris Blockchain -Groupstock once nailed 220% when it started its Bitcoin purchases.
Building a Bitcoin reserve also opens doors. Jenssen told investors that a significant BTC holdings can help K33 start Bitcoin-supported loans and increase its brokerage arm.
With new cash at hand, they plan to collaborate with other Nordic companies that do the same. He said that their tax chamber will be the basis for new revenue and product ideas.
Image from Unsplash, charts from TradingView
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