K33's Bold Move: Aiming to Snap Up 1,000 BTC with a Fresh Share Sale

Norwegian Firm's Ambitious Plan Fully Subscribed in a Flash

Hang onto your hats, crypto fans! K33, the daring Norwegian digital asset firm, is on a mission to beef up its Bitcoin stash, and they're pulling out all the stops. They've launched a sizzling share sale to raise a hefty 85 million Swedish krona—that's about $8.8 million in cold, hard cash. And guess what? The entire offering is already fully subscribed. Talk about hot demand!

The company's been loud and clear about their game plan in their latest press release. They're issuing new shares at a snappy 0.1036 SEK each, priced just right at the Nasdaq First North Growth Market's closing on June 17. And what's the cash for? You guessed it—to scoop up to 1,000 BTC. They're betting big on Bitcoin to jazz up their portfolio, boost their margins, and supercharge their growth.

And get this—the buzz around K33's share sale is so intense that they've already raked in pre-commitments, including a cool EUR 100,000 from none other than their own CEO, Torbjørn Bull Jenssen. He's not just talking the talk; he's walking the walk, putting his money where his mouth is.

"We're all in on Bitcoin being the future of global finance, and we're positioning K33 to ride that wave to the max," Jenssen declared with fire in his eyes.

It's not just the CEO getting in on the action; both new and existing investors are flocking to the table, fully subscribing to the shares. The minimum buy-in is set at EUR 100,000, but K33's got the power to make exceptions and sweeten the deal for some lucky investors.

The window to grab these shares swings open on June 18 at 09:00 CEST and slams shut on June 19 at 17:30 CEST. But hey, don't set your watch just yet—the dates might shift. Oh, and a heads up: by applying for shares, you're automatically throwing your vote behind item 9 at the upcoming Extraordinary General Meeting on July 3. That's the green light for the board to issue more shares and financial instruments as they see fit.

"This move covers all the shares you hold or control as of the record date for the EGM," the company stated, leaving no stone unturned.

The board will decide who gets what, taking into account everything from order size to existing stakes and how well you fit with their vision. You'll find out if you've scored some shares around June 23, and if you're in, you'll see your shares start trading in early July.

K33's been on a roll all year, ramping up its Bitcoin strategy like there's no tomorrow. Just back in May, they raised 60 million SEK—around $5.6 million—from insiders and investors to pad their Bitcoin holdings. And now, they're going bigger and bolder. Stay tuned—this is just the beginning!