Digital asset brokerage K33 AB has unveiled a strategic share issuance aimed at bolstering its Bitcoin holdings and unlocking new growth opportunities.
The company announced a directed share issue worth a minimum of SEK 85 million, with proceeds earmarked for acquiring Bitcoin to hold on its balance sheet.
K33’s initiative is part of a broader plan to enhance operational leverage, improve margins, and attract institutional partnerships. The firm has appointed Pareto Securities as the sole manager and bookrunner for the offering. Shares will be priced at SEK 0.1036, equivalent to the closing price on June 17.
CEO Torbjørn Bull Jenssen described the offering as a major milestone, reaffirming the company’s commitment to accumulating 1,000 BTC. “Bitcoin is the foundation of our financial future,” Jenssen said. “This raise allows us to capitalize on its potential while scaling our business efficiently.”
Proceeds from the offering will fund BTC purchases directly, boosting balance sheet strength and enabling the firm to roll out new products and services. Jenssen emphasized that the strategy positions K33 to benefit from Bitcoin’s upside while ensuring risk remains offloaded from client capital.
The offering will be made available to Swedish and international investors, with a minimum subscription set at the SEK equivalent of EUR 100,000. However, K33’s board retains discretion to accept smaller allocations under regulatory exemptions.
The subscription window opens on June 18 and closes June 19, with allocation decisions to follow shortly after. Payment and delivery are expected to finalize by early July, pending fulfillment of listed conditions.
Notably, the company has received pre-commitments from existing shareholders and its CEO, who has pledged EUR 100,000 via Muunilinst AS. Participants will also be required to support related resolutions at the upcoming extraordinary general meeting scheduled for July 3.
K33’s share issue marks a growing trend among digital asset firms integrating Bitcoin into corporate finance strategies.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/k33-launches-share-offering-to-fund-bitcoin-accumulation-strategy/