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.