Catenaa, Friday, June 20, 2025 – Norwegian digital asset firm K33 has announced plans to raise at least $9 million through a directed share issue to bolster its Bitcoin holdings, targeting a milestone of 1,000 BTC as part of a broader balance sheet strategy.
The raise, managed by Pareto Securities, will offer shares at SEK 0.1036, with no stated upper limit, allowing flexibility based on investor demand.
Proceeds will be used to purchase Bitcoin, with K33 viewing the cryptocurrency as a core asset to strengthen its operations and attract institutional partners.
Company CEO Torbjørn Bull Jenssen said the initiative marks a strategic shift to anchor the brokerage’s growth on Bitcoin’s long-term potential.
He added that a Bitcoin-backed balance sheet will improve margins, support product expansion, and align K33 with emerging financial infrastructure trends.
The new raise follows a May 28 announcement detailing a BTC accumulation roadmap. The company expects direct holdings to provide operational leverage and reduce dependency on fiat-based reserve strategies.
K33 is among a growing number of firms adopting Bitcoin treasury strategies, a trend that has drawn both praise and scrutiny. Critics, including VanEck’s head of digital assets, warned that aggressive accumulation funded through share dilution may eventually harm shareholder value.
Still, K33 is pushing ahead, positioning itself as a Nordic leader in crypto brokerage and research.
The firm said it expects the capital raise to conclude swiftly, allowing it to respond quickly to market shifts and investor sentiment.
