K33 Completes Purchase of 10 BTC
K33 AB (publ) ("K33"), a leading digital asset brokerage and research firm, announces the acquisition of 10 Bitcoin (BTC) for a total consideration of approximately SEK 10 million.
K33 recently launched a Bitcoin Treasury strategy and announced that it had secured SEK 60 million in initial financing to buy Bitcoin. Today's purchase is the second transaction related to this initiative.
The company now holds 20 Bitcoin on its balance sheet.
“We expect Bitcoin to be the best-performing asset in the coming years and will build our balance sheet in Bitcoin moving forward. This will give K33 direct exposure to the Bitcoin price and help unlock powerful synergies with our brokerage operation. Our ambition is to build a balance of at least 1000 BTC and then scale from there,” said Torbjørn Bull Jenssen, CEO of K33.