Norwegian broker K33 is aiming to add Bitcoin to its balance sheet. They collected 60 million Swedish Crona (approximately $6.2 million) to buy and hold cryptocurrency.
Based on the report, cash comes from a combination of convertible loans and new stocks and guarantee issues.
New Funding Round raises 60 million Crona
According to a statement from K33 on May 28, the total Crona 45 million comes from interest-free, convertible loans. These loans were interested in June 30, 2028 and are not mature.
The remaining 15 million crona will be raised through new share sales and free warrants. If all warrants and conversions occur, the K33 can attract up to 75 million Krona.
Overview of Bitcoin Purchase Plans
Based on the report, fresh funds go “full” and build what K33 calls Bitcoin financial strategy. At today’s prices, just over $108,000 per coin, the company can buy around 57 BTC. This will help BTC’s decent mountains to cooperate when deploying new services.
Bitcoin will be the best performing asset in the next decade, and my goal at K33 is to accumulate as much as possible, unlocking the operational synergy of brokerages and powerful operational synergies. https://t.co/crxu0b5qpz
-torbjørn (@torbjrnbulljens) May 28, 2025
Management sees long-term profits
CEO Bull Jensen posted on X that he expects Bitcoin to be “the best performing asset in the next decade.” He wrote that K33 “accumulates as much as possible while unlocking the operational securities company’s operations and powerful operational synergy.”
He asked again:
“Why wait for the government to build a crypto sanctuary when the government can build your own?”
Risk and rewards
K33’s stock price was barely crushed, actually fell 1.90% on May 28th. It is a known fact that BTC can jump or drop more than 10% in one day.
GameStop jumped around 10% in stock after saying he would buy Bitcoin, but it slid 10% when he first bought 4,710 BTC. Paris blockchain group stock spiked 220% when it began purchasing bitcoin.
The construction of the Bitcoin Reserve will also open the door. Jenssen told investors that a considerable amount of BTC Holdings will help K33 launch a Bitcoin-assisted loan and boost its brokerage.
With fresh cash in hand, they plan to team up with other Scandinavian companies doing the same thing. He said their Treasury will be the foundation for new revenue and product ideas.
Unsplash featured images, TradingView charts
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