Safello has signed a cooperation agreement with Fragbite Group AB, a Swedish gaming and e-sports company listed on Nasdaq First North. Through the deal, Safello becomes Fragbite Group's preferred partner for trading Bitcoin and crypto services.
Fragbite Group decided to establish Bitcoin Treasurys as its own business area in June.
Fragbite Group currently owns approximately 19.75 BTC and has set a financial goal of owning 100 BTC by December 31, 2025. The remaining purchases -- around 80 bitcoin -- are scheduled to be completed via Safello's platform during the fourth quarter of 2025.
The partnership strengthens Safello's position as a regulated and trusted counterparty for listed companies and institutions seeking secure and transparent exposure to digital assets.
“We are delighted to be selected as Fragbite Group's preferred partner for bitcoin trading and grateful for their trust,” said Emelie Moritz, CEO of Safello. “As Sweden's only crypto company with a MICA license, we look forward to welcoming more corporate and institutional customers.”
“Safello has a unique position in the Swedish financial market as the most established and at the same time most innovative crypto exchange. We are proud to have initiated this collaboration with Safello, a collaboration that reflects Fragbite Group's strategy further — both within Bitcoin Treasury and within the Group as a whole,” said Stefan Tengvall, CEO of Fragbite Group.
