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Bitcoin Bound: European Firm K33 Raises $6.2 Milion For Strategic Buys

  • 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.

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