Norway’s K33 Joins the Bitcoin Wave with $5.6M Treasury Move
K33, a leading digital asset firm based in Norway, has taken a major leap into Bitcoin—securing a $5.6 million investment to grow its BTC holdings. On May 28, the Oslo-headquartered company announced it had raised 60 million Swedish krona (~$5.6 million) to fund a strategic Bitcoin acquisition, reinforcing its belief in Bitcoin’s long-term potential.
Strategic Investment Backed by Insiders
The capital raise comes via a new share issuance and a free warrant offering, both approved by K33 shareholders and executed with the support of prominent insiders, including Klein Group and Modiola AS.
- 150.56 million new shares were issued, raising 15 million SEK
- 301.12 million free warrants were offered, worth 45 million SEK
These zero-interest warrants can be converted into equity by March 2026. Early conversion entitles investors to additional free warrants at the same price point. If fully exercised, the warrants could inject an additional 75 million SEK (~$7.1 million) into the firm.
Why Is K33 Buying Bitcoin?
According to CEO Torbjørn Bull Jenssen, this move is about more than just adding BTC to the balance sheet. It’s a cornerstone of K33’s broader institutional strategy.
“We strongly believe that Bitcoin will become an instrumental part of the global financial system. I am excited to now start the process of building a strong balance sheet backed by Bitcoin—not only as a strong conviction investment but, more importantly, as a strategic enabler for K33 as a leading cryptocurrency broker.”
This investment aligns with K33’s mission of becoming a powerhouse in crypto trading, custody, and research—serving institutional investors across Europe.
More Companies Are Following the Bitcoin Path
K33’s move reflects a growing trend among forward-looking firms. On the same day, Japan’s Metaplanet made headlines for issuing $50 million in bonds to bolster its own Bitcoin reserves.
This comes amid renewed institutional interest in Bitcoin, with some analysts suggesting that if BTC holds current support levels, bullish targets as high as $114K could be in play.
Conclusion: Bitcoin as a Balance Sheet Asset
K33’s bold move places it among the growing list of public companies leveraging Bitcoin as a strategic treasury asset. With Bitcoin increasingly viewed as a store of value and hedge against inflation, firms like K33 are taking proactive steps to align with the future of finance.
As traditional and crypto markets continue to converge, expect more institutional players to follow suit—backing their balance sheets with digital gold.
