K33 Raises $6.2M to Launch Bitcoin Treasury Strategy
Norwegian crypto brokerage K33 has announced plans to establish a Bitcoin treasury, raising 60 million Swedish krona (approximately $6.2 million) to purchase and hold Bitcoin as part of a long-term strategic expansion.
In a statement on May 28, K33 said the funds were secured through convertible loans and a new issuance of shares and warrants, with the entire sum dedicated to acquiring Bitcoin. At current market prices, the company could acquire up to 57 BTC.
Bitcoin as a Strategic Asset
CEO Bull Jenssen emphasized the company’s high conviction in Bitcoin, calling it the “best-performing asset in the coming decade.” On X (formerly Twitter), he stated:
“Why wait for the government to build a Bitcoin reserve when you can build your own? Initial financing is secured, and we are ready to accelerate from here!”
📢 PRESS RELEASE: K33 secures financing of SEK 60 million to buy bitcoin and launch its Bitcoin Treasury Strategy.
Read the press release here: https://t.co/zRPFCWag5P pic.twitter.com/qAha0lpKnt
— K33 (@K33HQ) May 28, 2025
Jenssen added that the company aims to leverage its BTC holdings to unlock operational synergies with its brokerage business and expand into services such as Bitcoin-backed lending.
Details of the Financing
-
45M SEK ($4.6M) in convertible, interest-free loans, maturing on June 30, 2028
-
15M SEK ($1.5M) via a new share issue and warrants
-
Investors who convert their warrants before March 2026 will receive bonus warrants
-
If fully exercised, K33 could raise up to 75M SEK ($7.7M)
Building a Nordic Bitcoin Powerhouse
In its Q1 2025 interim report, K33 noted that it is collaborating with other Bitcoin treasury firms in the Nordic region. The company views its Bitcoin holdings not only as an investment but as a foundation for launching new financial products.
“With a sizable BTC reserve, we will be able to strengthen our financial position while unlocking new revenue streams, product capabilities, and partnerships,” Jenssen said.
K33 joins a growing cohort of public and private companies around the world — including firms like Strategy, Metaplanet, and GameStop — that are building Bitcoin treasuries as part of their core financial strategies.
