European crypto firm K33 raises $6.2M for Bitcoin buys
Norwegian crypto brokerage firm K33 has raised 60 million Swedish krona ($6.2 million) through convertible loans and a new issue of shares and warrants to acquire Bitcoin as part of its Bitcoin Treasury Strategy. The financing includes 45 million Swedish krona ($4.6 million) in interest-free loans maturing on June 30, 2028, and 15 million Swedish krona ($1.5 million) from share issuance. K33 plans to purchase up to 57 Bitcoin at current prices. CEO Bull Jenssen believes Bitcoin will be the best-performing asset in the next decade and aims to leverage a Bitcoin reserve for new services like BTC-backed lending. K33's share price fell 1.96% following the announcement, contrasting with other companies that saw stock price increases after similar Bitcoin buying plans.
