Swedish digital trading firm Refine Group has entered the world of digital assets, announcing the launch of a new business unit dedicated to Bitcoin and a successful $1 million capital raise to support the initiative.
The new division, named Digital Assets, will operate alongside Refine’s existing “Products” and “Digital Services” arms, marking a strategic shift in the company’s treasury management.
The firm plans to hold Bitcoin as a core reserve asset and will track performance using a custom “Bitcoin per Share” metric, highlighting long-term shareholder value through BTC accumulation.
To fund its initial Bitcoin purchases, Refine issued 54,377 shares in a directed sale, raising 10 million Swedish kronor (roughly $1 million). The shares were priced at a 20% discount to the average trading price over the past week, in a move approved by the company’s board.
Refine views Bitcoin not just as a hedge, but as a foundational component of future finance. The company said it intends to explore deeper integration of Bitcoin into its balance sheet strategy while continuing to grow its e-commerce, cloud, and marketing services.
This move places Refine among a growing number of companies turning to Bitcoin as a treasury reserve in response to evolving global financial trends.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/swedish-company-launches-bitcoin-division-raises-1m-for-treasury-strategy/