Norwegian digital asset firm K33 has announced the launch of a new round of directed equity issuance as part of a strategic move to significantly increase its Bitcoin holdings. Norway's K33 Launches 85 Million Swedish Krona Stock Offering to Buy 1,000 Bitcoins for the Treasury The company aims to raise at least SEK 85 million (approximately $8 million) with this issue and purchase up to 1,000 BTC to hold on its balance sheet. According to K33, the equity issue has already received full subscription commitments, underscoring investors’ strong confidence in the company’s Bitcoin-focused strategy. Notably, K33’s CEO signalled internal support for the scheme by committing €100,000 through his personal investment foundation. The move places K33 among the growing list of public companies looking to bolster their reserves with Bitcoin, following a similar trend by companies like MicroStrategy, Metaplanet, and The Blockchain Group. While there is no publicly disclosed timeline for the completion of the BTC purchases, K33 emphasized that the funds will be used to strengthen its long-term digital asset treasury strategy. The latest capital raise comes amid renewed institutional interest in Bitcoin, which continues to be viewed by many as a strategic inflation hedge and store of value. *This is not investment advice. Continue Reading: Institutions Race to Buy Bitcoin! Norwegian Digital Asset Company K33 Announces New Plan to Buy Bitcoin! Here Are the Details
