The Norwegian Crypto brokerage firm K33 plans to join the increasing number of public companies after buying bitcoins after raising 60 million Swedish Chron ($ 6.2 million) to buy and catch cryptocurrency.
K33 Said On May 28 that it received financing through convertible loans and a new issue of shares and warrants, which would be used to get bitcoin to establish a bitcoin treasury strategy. “
Warrant Are Zero-onion securities that investors can later convert to equity at the same price. The K33 can buy up to 57 bitcoins (BTC) at the current price of BTC, which exceeds $ 108,000.
K33 CEO Bull Jensen Posted On May 28, for X that they feel that bitcoin will “be the best performing property in the coming decade”, and their company “will” collect more and more, unlocking powerful operations with our brokerage operation. “
“When you can build yourself, why do the government wait to create a bitcoin reserve? Preliminary financing is safe and we are ready to accelerate from here!” He couple In another post.
According to the K33, a total of 45 million Swedish Krone ($ 4.6 million) is a total of 45 million Swedish Chron ($ 4.6 million), interest-free and mature. The remaining 15 million Swedish Chron ($ 1.5 million) will come through a new shares and warrant.
If investors convert their warrant before March 2026, they are entitled to additional free warrants at the same conversion rate. If fully exercised, K33 can increase 75 million Swedish Chron ($ 7.7 million) for its bitcoin purchase.
Part of bitcoin treasury expansion plans
In the K33 interim report for the first quarter, released on 28 May, Jensen Said The K33 is working with other bitcoin Treasury companies in Nordics and expects to use your Treasury as a foundation to offer new services such as BTC-supported borrowings.
“For the K33, bitcoin is not only a high-composition property-it is also a strategic environment. With a large BTC reserve, we will be able to strengthen our financial position by unlocking new revenue currents, product capabilities and partnerships,” he said.
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The K33 share price did a flat trading with the news of its bitcoin Treasury Pivot and stopped trading of 1.96%on May 28, According For Google Finance.
Some companies have seen an increase in their stock prices after the announcement of plans to purchase bitcoins.
The video game retailer gamestop shares jumped around 12% on March 26, after the company announced a plan to buy bitcoins. However, on 11 May, Gamestop recorded a 11% decline after the first purchase of 4,710 bitcoins.
Meanwhile, when the Paris -based Crypto Company Blockchain Group began buying bitcoins on 5 November, its stock from 225% to 0.48 euros ($ 0.52).
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