Swedish cryptocurrency broker K33 secures 60 million Swedish kronor in funding to establish a Bitcoin strategic reserve

ChainCatcher news, according to official sources, Swedish cryptocurrency broker K33 AB (publ) announced on May 28 that it has reached an investment agreement with major shareholders including Klein Group, Middelborg Invest, Tigergutt Invest, and Modiola AS, successfully raising 60 million Swedish kronor (approximately 5.3 million USD) to launch its Bitcoin reserve strategy.

The financing includes the issuance of 15 million Swedish kronor in new shares and warrants, as well as a 45 million Swedish kronor interest-free convertible loan. Through the warrants, K33 also has the opportunity to secure an additional 75 million Swedish kronor in funding. The company stated that all raised funds will be used to purchase Bitcoin and establish its Bitcoin reserve strategy.

K33 CEO Torbjørn Bull Jenssen stated, "We firmly believe that Bitcoin will become an important part of the global financial system. I am excited to start building a strong balance sheet supported by Bitcoin, which is not only a strongly conviction-driven investment but, more importantly, a strategic driving force for K33 as a leading cryptocurrency broker."