Norwegian crypto brokerage firm K33 has raised $6.2M through loans and share warrants to accumulate Bitcoin for its Bitcoin Treasury Strategy.
The firm aims to amass up to 57 BTC with the funds raised, aligning itself with public companies investing in Bitcoin as a long-term strategic asset.
K33's funding, acquired through convertible loans and share issuance, will solely be used to purchase Bitcoin, potentially reaching $7.7M if fully exercised.
With a focus on bypassing intermediaries, K33 is committed to building its Bitcoin reserves without interest or delays, believing in the long-term value of Bitcoin.