K33 secures 60 million SEK funding to launch Bitcoin reserve strategy
According to official news, the Swedish cryptocurrency broker K33 AB (publ) announced on May 28 that it has reached an investment agreement with major shareholders including Klein Group, Middelborg Invest, Tigergutt Invest, and Modiola AS, successfully raising 60 million Swedish kronor (approximately 6.23 million USD) to launch its Bitcoin reserve strategy. This financing includes the issuance of 15 million Swedish kronor in new shares and warrants, as well as a 45 million Swedish kronor interest-free convertible loan. Through the warrants, K33 also has the opportunity to obtain an additional 75 million Swedish kronor in funding. The company stated that all the raised funds will be used to purchase Bitcoin to establish its Bitcoin reserve strategy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tokyo Century sets FY2050 carbon neutrality target, adds Scope 3 emissions coverage
Light & Wonder director Hamish McLennan disposes of USD 330,262 in common shares
Roivant Sciences director Meghan FitzGerald disposes of USD 798,000 in common shares
Alphatec CEO Patrick Miles buys 115,000 shares for $1.01 million
Crypto prices
More
