{"id":29328,"date":"2025-05-29T20:01:40","date_gmt":"2025-05-29T20:01:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29328"},"modified":"2025-05-29T20:01:40","modified_gmt":"2025-05-29T20:01:40","slug":"bitcoin-bound-european-firm-k33-raises-6-2-milion-for-strategic-buys","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29328","title":{"rendered":"Bitcoin Bound: European Firm K33 Raises $6.2 Milion For Strategic Buys"},"content":{"rendered":"
\n

Norwegian broker K33 has set its sights on adding Bitcoin to its balance sheet. It raised 60 million Swedish krona (about $6.2 million) to buy and hold the cryptocurrency.<\/p>\n

Based on reports, the cash comes from a mix of convertible loans and new share and warrant issues.<\/p>\n

New Funding Round Raises 60 Million Krona<\/strong><\/h2>\n

According to K33\u2019s May 28 statement<\/a>, 45 million krona of the total comes from interest-free convertible loans. Those loans don\u2019t carry any interest and mature on June 30, 2028.<\/p>\n

The rest, 15 million krona, will be raised through a new share sale and free warrants. If all the warrants and conversions happen, K33 could pull in up to 75 million krona.<\/p>\n

Bitcoin Buy Plan Outlined<\/strong><\/h2>\n

Based on reports, the fresh funds will go \u201cin full\u201d to build what K33 calls its Bitcoin Treasury Strategy. At today\u2019s price of just over $108,000 per coin, the company could buy about 57 BTC. That gives them a decent pile of BTC to work with as they roll out new services.<\/p>\n

\n

Bitcoin will be the best performing asset in the coming decade and my goal with K33 is to accumulate as many as possible while unlocking powerful operational synergies with our brokerage operation. https:\/\/t.co\/Crxu0b5QPz<\/a><\/p>\n

\u2014 Torbj\u00f8rn (@TorbjrnBullJens) May 28, 2025<\/a><\/p>\n<\/blockquote>\n

Management Sees Long-Term Gains<\/strong><\/p>\n

CEO Bull Jenssen posted on X that he expects Bitcoin to be the \u201cbest-performing asset in the coming decade.\u201d He wrote that K33 will \u201caccumulate as many as possible while unlocking powerful operational synergies with our brokerage operation.\u201d<\/p>\n

He also asked:<\/p>\n

\n\u201cWhy wait for the government to build a crypto reserve when you can build your own?\u201d\n<\/p><\/blockquote>\n


\nRisks And Rewards<\/strong><\/p>\n

K33\u2019s share price barely budged and actually fell 1.90% on May 28. That shows some investors worry about Bitcoin\u2019s wild swings. It\u2019s a known fact that BTC can jump or drop 10% or more in a single day.<\/p>\n

GameStop<\/a> saw its stock jump around 10% after it said it would buy Bitcoin, only to slide 10% when it made its first purchase of 4,710 BTC. And Paris\u2019s Blockchain Group stock once spiked 220% when it started its Bitcoin buys.<\/p>\n

Building a Bitcoin reserve also opens doors. Jenssen told investors that a sizable BTC holding could help K33 launch Bitcoin-backed loans and boost its brokerage arm.<\/p>\n

With fresh cash on hand, they plan to team up with other Nordic firms doing the same. He said their treasury will be the base for new revenue and product ideas.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Norwegian broker K33 has set its sights on adding Bitcoin to its balance sheet. It raised 60 million Swedish krona (about $6.2 million) to buy and hold the cryptocurrency. Based on reports, the cash comes from a mix of convertible loans and new share and warrant issues. New Funding Round Raises 60 Million Krona According […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29328","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29328"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29328\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}