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.