Bitcoin Focus: European Company K33 Secures $6.2M for Strategic Acquisitions
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Norwegian broker K33 aims to include Bitcoin in its asset portfolio. The firm successfully raised 60 million Swedish krona (approximately $6.2 million) for the purpose of acquiring and holding the cryptocurrency.
Reportedly, this funding comes from a combination of convertible loans alongside new shares and warrants.
New Funding Round Secures 60 Million Krona
As stated in K33’s official announcement on May 28, 45 million krona of this amount originates from interest-free convertible loans, which do not accrue interest and are set to mature on June 30, 2028.
The remaining 15 million krona will be generated through new share offerings and free warrants. If all conversions and warrants are executed, K33 could potentially raise up to 75 million krona.
Bitcoin Acquisition Strategy Launched
According to sources, the newly raised funds will be directed entirely towards what K33 refers to as its Bitcoin Treasury Strategy. At the current price of approximately $108,000 per coin, the firm could acquire about 57 BTC, providing them with a substantial quantity as they introduce new services.
Bitcoin is poised to be the top-performing asset in the upcoming decade, and my objective with K33 is to accumulate as many as feasible while leveraging significant operational synergies with our brokerage operations. https://t.co/Crxu0b5QPz
— Torbjørn (@TorbjrnBullJens) May 28, 2025
Management Anticipates Long-Term Profits
CEO Bull Jenssen shared on X his belief that Bitcoin will emerge as the “best-performing asset in the coming decade.” He mentioned that K33 will focus on “accumulating as many as possible while unlocking powerful operational synergies with our brokerage operation.”
Furthermore, he posed the question:
“Why wait for the government to establish a crypto reserve when you can create your own?”
BTC is currently trading at $108,561. Chart: TradingView
Considerations on Risks and Rewards
On May 28, K33’s share price experienced little change, registering a decline of 1.90%. This indicates some investor concerns regarding Bitcoin’s volatile nature, known for fluctuations exceeding 10% in just one day.
For instance, GameStop’s stock surged around 10% after announcing a Bitcoin acquisition, only to drop 10% when it actually bought 4,710 BTC. Similarly, shares of Paris’s Blockchain Group soared 220% upon revealing its Bitcoin purchases.
Establishing a Bitcoin reserve can also create new opportunities. Jenssen informed investors that a significant BTC holding could facilitate the introduction of Bitcoin-backed loans and enhance its brokerage services.
With new funding secured, they plan to collaborate with other Nordic companies engaged in similar initiatives. Jenssen asserted that their treasury would serve as a foundation for innovative revenue and product ideas.
Featured image from Unsplash, chart from TradingView
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