Norwegian broker K33 raised $6.2 million to buy and hold Bitcoin, with cash from convertible loans and share and warrant issues.
The funding round included 45 million krona from interest-free convertible loans and 15 million krona from new share sales and free warrants.
The fresh funds will be used for K33's Bitcoin Treasury Strategy to potentially buy around 57 BTC, aiming to capitalize on Bitcoin's long-term growth.
K33's CEO Bull Jenssen believes Bitcoin will be the best performing asset in the next decade, emphasizing the potential to build a crypto reserve independently and explore new revenue opportunities.