K33 Ramping Up Bitcoin Treasury with SEK 125 Million Raise
K33’s Bitcoin bid accelerates with capital raise twice the size of last round.
By NordicsBitcoin.com Staff 19/6/25
K33 AB, the Nordic digital asset brokerage and research firm, has successfully completed a SEK 125 million (USD 12.9 million) directed share issue to accelerate its Bitcoin accumulation strategy.
The offering, priced at SEK 0.1036 per share, was fully subscribed and managed by Pareto Securities. It adds to a previous SEK 60 million (USD 6.2 million) raise completed just three weeks ago, bringing total recent capital raised to SEK 185 million, all earmarked for purchasing Bitcoin to hold on the company’s balance sheet.
Strategic Pivot to a Bitcoin Treasury Model
K33’s evolving strategy positions the company not just as a broker, but as a Bitcoin Treasury company, aiming to hold 1,000 BTC. CEO Torbjørn Bull Jenssen described the capital raise as “a key milestone,” noting that the Bitcoin accumulation enhances both operational leverage and margins, while strengthening the company’s appeal to institutional partners.
Institutional Support and Long-Term Alignment
The share issue was supported by both existing and new investors, many of whom committed during the pre-sounding phase. Insiders also participated, including CEO Jenssen, who personally subscribed for EUR 100,000 worth of shares. (Disclosure: Nordics Bitcoin participated in the investment round as a supporting shareholder).
While the raise deviated from existing shareholders’ preferential rights, K33’s board emphasized the urgency, cost-efficiency, and strategic benefits of the directed issue over a traditional rights offering - especially in a volatile market climate. In the Bitcoin Treasury space, speed is also key in offerings.
The newly issued shares are expected to begin trading on Nasdaq First North Growth Market in early July, and will represent a dilution of approximately 9%.
K33’s bold Bitcoin strategy and target of 1,000 Bitcoin mean they’re only just getting started on their treasury journey. With aims to be Norway’s leading Bitcoin company, this raise marks a turning point - positioning K33 not just as a broker, but as a powerful vehicle for institutional Bitcoin accumulation and Nordic digital asset leadership.
