K33 Big Bitcoin Bet: Could This Be the Next MicroStrategy?

K33 Big Bitcoin Bet After Securing Convertible Loan and Share Sale Funds

After acquiring 60 million Swedish krona ($6.2 million) to purchase and keep Bitcoin, Norwegian cryptocurrency brokerage business K33 intends to join the increasing number of publicly traded companies that are getting involved in the cryptocurrency market. In order to start the Bitcoin Treasury Strategy, K33 announced on May 28 that it had obtained funding through convertible loans and a new issue of shares and warrants. The funds will be used entirely to buy Bitcoin.

K33 CEO Predicts It Will Dominate the Next Decade

Bull Jenssen, the CEO of K33, stated on X on May 28 that he thinks Bitcoin will be the most successful asset in the upcoming ten years. In order to achieve significant operational synergies with their brokerage business, he continued, his company intends to amass as much Bitcoin as possible.

Why wait for the government to build a Bitcoin reserve when you can build you own? Initial financing is secured and we are ready to accelerate from here!

Jenssen

The convertible loans, which have an interest-free maturity date of June 30, 2028, amount to 45 million Swedish krona ($4.6 million). According to K33, a new share sale and warrants will provide the remaining 15 million Swedish krona ($1.5 million). Investors are eligible to get more free warrants at the same conversion rate if they convert their warrants before March 2026. K33 might generate up to 75 million Swedish krona ($7.7 million) for its Bitcoin purchase if it is fully exercised.

Nordic Firm Eyes BTC-Backed Loans and Revenue Expansion

Jenssen said that K33 is working with other Bitcoin treasury firms in the Nordic region in the company’s first-quarter interim report, which was published on May 28. The company intends to offer new services, such as BTC-backed financing, using its treasury as a foundation.

For K33, Bitcoin is not only a high-conviction asset — it’s also a strategic enabler. With a sizable BTC reserve, we will be able to strengthen our financial position while unlocking new revenue streams, product capabilities, and partnerships,

Jenssen

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