According to BlockBeats, Bitcoin asset management firm K33 has successfully completed two rounds of financing within three weeks, raising a total of 185 million Swedish kronor (over $19.5 million). The funds are entirely allocated for purchasing Bitcoin.
K33 CEO Torbjørn Bull Jenssen stated that the financing strongly validates the company's strategy and marks a significant milestone in its development. The firm is steadily progressing towards its goal of acquiring 1,000 Bitcoins. K33 is listed on the Nasdaq First North Growth Market.