Norwegian Crypto Firm K33: The Bitcoin Bonanza You Didn’t Know You Needed! 💰🚀

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Ah, the land of fjords and trolls, where the air is crisp and the crypto dreams are even crisper! On this fine Wednesday, K33, a Norwegian crypto firm, has decided to raise a staggering 85 million Swedish krona (that’s about $8.9 million for those of us who prefer our currency in a more digestible format) to buy up to 1,000 Bitcoin. Yes, you heard that right—1,000! That’s enough Bitcoin to make even the most seasoned hodler raise an eyebrow. 😲

In a move that can only be described as “bold” (or perhaps “slightly bonkers”), K33 has enlisted Pareto Securities to manage this share issue. The subscription price per share is a mere $0.011. I mean, at that price, you might as well buy a few shares and hope for the best, right? They’re expecting to issue at least 820 million shares. That’s a lot of paper! 📄

According to K33, the net proceeds from this Directed Share Issue will be used to buy Bitcoin to hold on their balance sheet. Because, you know, who wouldn’t want to have a digital currency that fluctuates more than a toddler on a sugar high? 🍭 This follows their earlier announcement of securing financing to acquire up to 57 Bitcoin in late May. Talk about a shopping spree!

But wait, there’s more! K33 claims that this Bitcoin exposure will “unlock real operational leverage for the Company as a broker.” I’m not entirely sure what that means, but it sounds impressive, doesn’t it? They expect these shiny new holdings to improve their margins, enable new product offerings, and make them irresistible to institutional customers. As part of this grand initiative, K33 confirmed the purchase of 5 BTC on Tuesday, worth roughly $523,000 at the time. Just a casual Tuesday, really. 💸

Funds Raised Through Share Issue

Now, before you get too excited, K33 has added a little disclaimer: the share offering will not be distributed in the United States, Canada, Australia, Russia, South Korea, or any other jurisdiction where it would be illegal to offer the product. So, if you’re in one of those places, you might want to sit this one out. 😅

K33’s CEO, Torbjørn Bull Jenssen, has stated that this fundraising is a step toward acquiring that coveted 1,000 BTC, with plans to grow their Bitcoin treasury even further in the future. Because why stop at 1,000 when you can aim for the moon? 🌕

“A strong balance sheet built on Bitcoin enables us to significantly improve our brokerage operation while maintaining full exposure to Bitcoin’s upside potential.”

Norwegian Firms Jump into Bitcoin

K33’s audacious move is part of a broader trend among Norwegian companies diving headfirst into the Bitcoin pool. Earlier this month, the Norwegian Block Exchange saw its stock jump more than 138% in a single day after announcing it would begin holding Bitcoin on its balance sheet. Talk about a hot tip! 🔥

And let’s not forget Aker ASA, a Norwegian industrial holding company that created a subsidiary called Seetek in 2021, dedicated entirely to investing in Bitcoin and holding cryptocurrencies. According to BitcoinTreasuries.NET, this subsidiary now holds 754 BTC, worth over $63 million at the time of writing. That’s a lot of Bitcoin for a company that probably started with a few spare krona! 💵

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2025-06-18 16:55