The funding was secured through convertible loans and a new issue of shares and warrants, all of which will be dedicated to acquiring Bitcoin as part of K33’s new Bitcoin Treasury Strategy.
The convertible loans amount to 45 million Swedish krona ($4.6 million) and are interest-free, with a maturity date of June 30, 2028. The remaining 15 million Swedish krona ($1.5 million) comes from new share issuance and warrants. These warrants allow investors to convert them into equity at the current price, with the potential for K33 to purchase up to 57 Bitcoin at the current price of just over $108,000 per Bitcoin.
???? PRESS RELEASE: K33 secures financing of SEK 60 million to buy bitcoin and launch its Bitcoin Treasury Strategy.
Read the press release here: https://t.co/zRPFCWag5P pic.twitter.com/qAha0lpKnt
— K33 (@K33HQ) May 28, 2025
K33’s CEO, Bull Jenssen, expressed strong confidence in Bitcoin’s future, describing it as the “best-performing asset in the coming decade.” He emphasized the company’s goal to accumulate as much Bitcoin as possible while leveraging operational synergies with their existing brokerage business. Jenssen also highlighted the strategic advantage of building a Bitcoin reserve independently rather than waiting for government initiatives.
Also Read: Crypto Bank Sygnum Plans EU and Asia Expansion Following Profitable First Half of 2024
Beyond simply holding Bitcoin, K33 plans to use its Bitcoin treasury as a foundation to expand its service offerings, including BTC-backed lending. Jenssen stated that Bitcoin is not only a high-conviction asset for the company but also a strategic enabler that will strengthen K33’s financial position and unlock new revenue streams, product capabilities, and partnerships.
Notably, Tokyo-listed investment firm Metaplanet raised $6.2 million to increase its cryptocurrency holdings, acquiring 1,004 BTC for $104 million, bringing its total to 7,800 BTC.
Meanwhile, Norway’s central bank (Norges Bank) is exploring a central bank digital currency (CBDC) and expects to decide by 2025. Deputy Governor Pål Longva indicated a preference for a wholesale model, citing benefits for financial institutions. Despite other countries progressing faster, Norway believes it is on schedule and is carefully evaluating the complexities of its approach.
K33 received MiCA authorization in 2026
K33’s treasury strategy is also being developed alongside a expansion of its regulated business. In June 2026, K33 Markets received authorization from Norway’s Financial Supervisory Authority under the EU’s Markets in Crypto-Assets Regulation (MiCA). The authorization allows the company to provide regulated crypto-asset services across the European Economic Area.
The company has said it plans to use the authorization to expand across European markets, initially targeting countries including Sweden, Denmark, Finland and Germany. Its focus remains on larger private clients, corporations and institutional investors rather than mass retail adoption.
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