Norway’s K33 Drops $5.6M on Bitcoin: A Corporate Crypto Takeover Begins?
Norway’s K33 secures 60M SEK ($5.6M) to build a Bitcoin treasury, joining the corporate crypto wave. With shares soaring 15%, is this a signal for a global financial shift? Dive into the bold move shaking markets!
On May 28, 2025, K33, a Norway-based crypto brokerage listed on Nasdaq First North in Stockholm, secured 60 million SEK ($5.6 million) to launch its Bitcoin treasury strategy, per Crypto News. The funding, raised through 150.56 million new shares (15M SEK) and 45M SEK in convertible loans, will fully finance Bitcoin purchases, per TradingView. CEO Torbjørn Bull Jenssen called Bitcoin “an instrumental part of the global financial system,” aiming to strengthen K33’s balance sheet, per Decrypt.
The move, backed by investors like Klein Group, follows a trend where 104 firms, like MicroStrategy, hold 787,000 BTC globally, per Bitcointreasuries.net. Bitcoin’s surge past $111,000, driven by U.S. ETF inflows, fuels this strategy. Posts on X note a 15% share price jump, reflecting market excitement. For beginners, K33’s pivot signals Bitcoin’s corporate appeal as an inflation hedge, but volatility risks—seen in BTC’s $70,000–$112,000 swings—persist. Regulatory shifts could also challenge gains. Diversify and stay informed to ride this corporate crypto wave safely.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
