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The Norwegian broker K33 is targeting so as to add Bitcoin to its balance sheet. It brought 60 million Swedish Krona (approx. 6.2 million US dollars) to purchase and keep cryptocurrency.
Based on reports, the cash comes from a mix of convertible loan and recent equity and arrest warrant problems.
New financing round increases 60 million Krona
According to K33 of May 28, 45 million Krona got here from the whole amount of interest-free convertible loans. These loans don’t have any interest and mature on June 30, 2028.
The rest, 15 million Krona, can be increased by a brand new share sale and free arrest warrants. If all arrest warrants and conversions occur, K33 could collect as much as 75 million crowna.
Bitcoin purchase plan outlined
Based on reports, the Fresh Funds will run “in full” to construct what K33 calls his Bitcoin Treasury strategy. At today's price of a little bit greater than 108,000 US dollars per coin, the corporate could buy around 57 BTC. This gives you a good bunch of BTC with which you’ll be able to work with recent services.
Bitcoin can be the most effective capital in the approaching decade and my goal at K33 is to gather as many as possible and at the identical time unlock powerful operational synergies with our brokerage. https://t.co/crxu0b5qpz
– Torbjørn (@torbjrnbulljens) May 28, 2025
Management achieves long -term profits
CEO Bull Jensen posted on X that he expects Bitcoin to be the “very best capital in the approaching decade”. He wrote that K33 “accumulate as many as possible and at the identical time released powerful operative synergies with our brokerage”.
He also asked:
“Why wait for the federal government to construct a crypto reserve when you can construct your individual?”
BTC is currently $ 108,561. Diagram: Tradingview
Risks and rewards
The K33 share price hardly quit and really fell by 1.90%on May twenty eighth. This shows that some investors are frightened about Bitcoins wild swings. It is a known incontrovertible fact that BTC can fall 10% or more in a single day.
Gamestop saw that his shares jumped by 10% after it stated that Bitcoin was bought only by 10% when it received the primary purchase of 4,710 BTC. And Paris' Blockchain group stock increased by 220%when he began his Bitcoin purchases.
The construction of a Bitcoin reserve also opens doors. Jensen told investors that a substantial BTC posture K33 could help to begin Bitcoin Backed loans and increase his brokerage arm.
With fresh money, they plan to get along with other Nordic firms that do the identical. He said your Ministry of Finance can be the premise for brand spanking new income and product ideas.
Selected picture of Unsplash, Diagram from Tradingview
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