K33 Plans to Raise 85 Million SEK for Bitcoin Acquisition

K33 successfully raised 185 million SEK in two financing rounds, marking a significant milestone in its strategy to acquire Bitcoin as it aims for 1,000 BTC.

BTC

Summary

K33 has announced the successful completion of two financing rounds within three weeks, raising a total of 185 million Swedish Krona (over $19.5 million) exclusively for Bitcoin purchases. CEO Torbjørn Bull Jenssen stated that this financing validates the company's strategy and represents a crucial milestone in its development. The firm is steadily progressing towards its goal of acquiring 1,000 BTC and is currently listed on the Nasdaq First North Growth Market.

Terms & Concepts
  • Bitcoin: A decentralized digital currency that allows peer-to-peer transactions over the blockchain.
  • SEK: Swedish Krona, the official currency of Sweden.
  • digital asset: An asset that exists in a digital form, often including cryptocurrencies and tokens.