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European Crypto Firm K33 Raises $6.2M for Bitcoin Buys

  • Norwegian crypto firm K33 raised 60 million Swedish krona on May 28, 2025, to purchase Bitcoin and build its treasury strategy.
  • K33 secured the funds through interest-free convertible loans maturing in 2028 and a new share issuance with free warrants to investors.
  • The company plans to buy about 57 Bitcoin at the current price near $108,000, aiming to support growth and new financial products.
  • CEO Bull Jenssen said K33 will accumulate as many Bitcoins as possible to unlock operational synergies and expects Bitcoin to lead asset performance in the next decade.
  • This decision aligns with an increasing number of companies incorporating Bitcoin into their treasury assets, indicating K33's intent to enhance its financial position and diversify its income sources.
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decrypt.co broke the news in New York, United States on Wednesday, May 28, 2025.
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