Well, folks, brace yourselves. A little-known Norwegian company named K33 has decided to dip its toes into the world of Bitcoin, grabbing 10 shiny new coins for a tidy sum of SEK 10 million. Chump change, right? Well, maybe not. This marks the first step of their “Bitcoin Treasury” strategy. How quaint.
Based in Oslo and with a spot on the Nasdaq First North Growth Market, this company has some big dreams. They’re not stopping at 10 BTC, oh no. Their eyes are set on a treasure trove of at least 1,000 BTC, which, as any Bitcoin fan would know, isn’t exactly pocket change these days.
🚨 Oh, it’s happening. K33 just grabbed 10 BTC for its treasury, and now they’re sitting pretty on a stack of digital gold. This isn’t just any ol’ purchase. It’s a masterstroke—a small step in a giant strategy that will rock the world of digital finance.
And guess what? They’re just getting started.
Hold on to your hats.
— K33 (@K33HQ) June 3, 2025
Now, you might be thinking, “Hey, what’s the rush?” But it all makes sense once you hear the full story. Just a few days ago, on May 28, K33 raised SEK 60 million (or roughly $5.6 million) from insiders and some well-heeled investors. These included Klein Group and Modiola AS, who probably think Bitcoin is a ticket to the moon—or at least a ride to the nearest bank vault.
To raise this capital, K33 issued a whopping 150.56 million new shares and 301.12 million free warrants. Oh, and those free warrants? They could unlock an additional SEK 75 million if exercised before March 2026. It’s like a “buy one, get one free” deal on the future of digital assets. Fancy that.
CEO Torbjørn Bull Jenssen had a thing or two to say about it. He’s convinced that Bitcoin is going to play a major role in the global financial system. So convinced, in fact, that K33’s goal is to own at least 1,000 BTC. And that’s just the beginning, he says. Let’s see where this wild ride takes them, shall we?
Bitcoin as a strategy
It’s no secret that more and more public companies are treating Bitcoin like a high-stakes poker chip. K33’s move follows the trend of larger players weaving Bitcoin into their financial strategies. A recent Binance report pointed out that digital assets are becoming the darling of the corporate world. If K33’s plans are anything to go by, they’re betting on Bitcoin as the next big thing. Good luck with that, guys.
As if all this wasn’t enough, K33 offers crypto trading, custody, and research services to institutional clients across EMEA. So, in case you were wondering, they’re in the business of making digital money even more accessible. How thoughtful of them.
By holding Bitcoin directly, K33 plans to tie its treasury to its brokerage business. The idea is to build some cozy, little synergies between the two and solidify its spot in the ever-expanding world of digital assets. A noble cause, don’t you think?
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2025-06-03 17:43