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Norway’s K33 Raises $6.2M to Build Bitcoin Treasury

  • Norwegian crypto brokerage company, K33, has raised $6.2 million to purchase and hold Bitcoin as part of its Bitcoin Treasury Strategy.
  • The CEO of K33, Bull Jenssen, believes Bitcoin will be the best-performing asset in the next decade and aims to accumulate as much Bitcoin as possible.
  • K33 secured financing through convertible loans and issuing new shares and warrants to acquire Bitcoin, aiming to strengthen its financial position and explore new services like BTC-backed lending.
  • The company plans to collaborate with other Bitcoin treasury companies in the Nordics and utilize its BTC reserve to enhance product capabilities and revenue streams.

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