K33 AB has announced a directed share issue to raise at least $8 million (SEK 85 million) for the strategic purchase of up to 1,000 BTC, aimed at boosting its balance sheet and scaling its institutional brokerage services.
Sweden’s K33 to Raise Funds to Finance Purchase of Up to 1,000 BTC
Swedish digital asset broker K33 AB has launched a directed share issue to raise approximately $8 million (SEK 85 million), intended to finance the acquisition of up to 1,000 bitcoin for its corporate treasury. The initiative is part of K33’s broader strategy to enhance operational leverage and strengthen its value proposition to institutional clients.
The offering is fully supported by pre-commitments, including a personal investment from K33’s CEO Torbjørn Bull Jenssen, who contributed EUR 100,000 via his investment firm Muunilinst AS.
CEO, Torbjørn Bull Jenssen, shared his comments on the raise:
This raise marks a major milestone towards our initial goal of acquiring 1000 BTC before scaling further. A strong balance sheet built on bitcoin enables us to significantly improve our brokerage operation while maintaining full exposure to bitcoin’s upside potential.
The proceeds will be used to build a significant bitcoin reserve, which K33 views as a competitive advantage in attracting larger institutional partnerships and developing new brokerage products.
The company emphasized that this BTC accumulation will be non-speculative, held as part of its balance sheet to improve margins and scalability without jeopardizing the underlying assets.
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