Crypto broker K33, headquartered in Norway and listed in Sweden, has raised SEK 185 million in three weeks to accumulate Bitcoin on the company's balance sheet. We are well on our way to our goal of quickly acquiring 1,000 BTC,” says Torbjørn Bull Jenssen, CEO.
Jenssen adds: “We are moving forward at full speed”.
Photo: Morten Brun
The latest capital raising closed on Thursday, when K33 announced that it had subscribed for 125 MSEK shares in a directed issue. The minimum amount when the issue was announced was 85 MSEK. Pareto Securities has chosen as facilitator in the issue. CEO Torbjørn Bull Jensen has also subscribed shares for at least NOK 1 million.
This comes in addition to the SEK 60 million that K33 raised when the company announced its new Bitcoin Treasury strategy at the end of May.
The money from the issues will be used to buy up to 1,000 BTC that K33 will hold on its balance sheet. According to previous announcements from K33, this should also provide real operational leverage for K33 as a broker. It will improve K33's margins, enable new product offerings and strengthen K33's ability to win larger institutional partnerships.
Here you can see a video interview as we at Kaupr did with Torbjørn Bull Jenssen on the same day that the Bitcoin strategy was announced.
We at Kaupr have also analyzed how K33's Bitcoin Treasury strategy can be linked to a Crypto-as-a-Service Strategy.
Bull Jenssen is one of a total of five senior executives with a Bitcoin Treasury strategy who were speakers at the “State of Bitcoin in the Nordics” live event on June 4. Footage from this live event is available here.
Crypto broker K33, headquartered in Norway and listed in Sweden, has raised SEK 185 million in three weeks to accumulate Bitcoin on the company's balance sheet. We are well on our way to our goal of quickly acquiring 1,000 BTC,” says Torbjørn Bull Jenssen, CEO.
Jenssen adds: “We are moving forward at full speed”.
Photo: Morten Brun
The latest capital raising closed on Thursday, when K33 announced that it had subscribed for 125 MSEK shares in a directed issue. The minimum amount when the issue was announced was 85 MSEK. Pareto Securities has chosen as facilitator in the issue. CEO Torbjørn Bull Jensen has also subscribed shares for at least NOK 1 million.
This comes in addition to the SEK 60 million that K33 raised when the company announced its new Bitcoin Treasury strategy at the end of May.
The money from the issues will be used to buy up to 1,000 BTC that K33 will hold on its balance sheet. According to previous announcements from K33, this should also provide real operational leverage for K33 as a broker. It will improve K33's margins, enable new product offerings and strengthen K33's ability to win larger institutional partnerships.
Here you can see a video interview as we at Kaupr did with Torbjørn Bull Jenssen on the same day that the Bitcoin strategy was announced.
We at Kaupr have also analyzed how K33's Bitcoin Treasury strategy can be linked to a Crypto-as-a-Service Strategy.
Bull Jenssen is one of a total of five senior executives with a Bitcoin Treasury strategy who were speakers at the “State of Bitcoin in the Nordics” live event on June 4. Footage from this live event is available here.