K33 AB, a digital asset brokerage, has announced a direct share issue of SEK 85 million to fund the purchase of Bitcoin, aiming to accumulate up to 1,000 BTC. The share price is set at SEK 0.1036 per share, backed by current shareholders and new investors. The CEO believes Bitcoin will be a cornerstone of global finance and intends to leverage it to strengthen K33's balance sheet, enhance brokerage margins, and attract investors. Their first acquisition of BTC occurred earlier this month, reflecting their strategic commitment to building a robust Bitcoin treasury.
K33's commitment to acquire up to 1,000 BTC signals a significant strategic move to strengthen its balance sheet and expand its digital asset offerings.
CEO Torbjørn Bull Jenssen emphasized that Bitcoin represents the future of global finance, indicating they want to position K33 to leverage Bitcoin's upside potential.
The recent purchase of 10 BTC marks K33's initial step towards its goal of a substantial Bitcoin treasury, reflecting confidence in Bitcoin's value.
With fully secured funding and a clear accumulation strategy, K33 is set to improve its brokerage operations while benefitting directly from Bitcoin price movements.
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