Deep Tide TechFlow News, on July 3, according to Marketscreener, Swedish gaming and esports company Fragbite Group has completed an investment of 5 million Swedish Krona (approximately 520,000 USD) to establish its new business department "Bitcoin Treasury Reserve." The investment is made in the form of an interest-free loan, with investors including insiders of the company, including CFO Patrik von Bahr.

Fragbite Group CEO Stefan Tengvall stated that this financing will provide initial liquidity for the new business department, allowing the company to explore more efficient ways to build a strong capital structure and enhance shareholder value through Bitcoin.