Norwegian Crypto Giant K33 Drops $5.6M on Bitcoin!

Hang onto your hats, folks! K33, the badass digital asset firm from Norway, just hopped on the Bitcoin express with a whopping $5.6 million investment. That's right, on May 28, these guys announced they snagged 60 million Swedish krona to beef up their Bitcoin stash.

To pull off this slick move, the Oslo-based crew, listed on Stockholm's Nasdaq First North, cranked out 150.56 million new shares worth 15 million SEK. But wait, there's more! They also tossed in 301.12 million free warrants valued at a cool 45 million SEK. And get this—the cash is coming straight from insiders and their tight-knit circle of investors, including Klein Group and Modiola AS.

Now, about those free warrants—think of them as zero-interest golden tickets that investors can swap for equity at the same price later on. If they cash in before March 2026, they score even more free warrants at the same rate. If everyone jumps on board, K33 could rake in another 75 million SEK, around $7.1 million. Cha-ching!

Why is K33 Going All-In on Bitcoin?

K33's fearless leader, Torbjørn Bull Jenssen, spilled the beans: this move is all about aligning with their grand plan and showing some serious love for Bitcoin as a financial powerhouse and a key part of their institutional game.

"We're betting big that Bitcoin will shake up the global financial scene. I'm stoked to start stacking our balance sheet with Bitcoin—not just as a solid investment, but as the rocket fuel that'll propel K33 to the top of the crypto brokerage world," Torbjørn Bull Jenssen declared.

K33 isn't just messing around; they're a full-on digital asset investment and brokerage powerhouse, serving up trading, brokerage, crypto custody, and top-notch industry research to clients across Europe.

And guess what? K33 isn't flying solo on this Bitcoin buying spree. On the same day they made their move, Japanese firm Metaplanet threw down $50 million in bonds to beef up their own Bitcoin stash. It's a Bitcoin bonanza, folks!