The post K33 sets 1,000 BTC purchase target with fresh share issuance appeared on BitcoinEthereumNews.com.

K33 has launched an issuance of new shares in the company to finance the purchase of up to 1,000 Bitcoins. The firm also wants to secure minimum gross proceeds of SEK 85 million ($8.85 million) through pre-commitments. The Norwegian firm appointed Pareto Securities AS as the sole manager and bookrunner in the Directed Share Issue. The company also revealed that the subscription price per Offer Share in the share issue will be SEK 0.1036. K33 said that the offer price equals the closing price of its share on Nasdaq First North Growth Market on June 17.  The minimum subscription and allocation amount in the share issue will be roughly 100,000 per investor. The company also stated that it may offer and allocate amounts below the SEK equivalent of 100K euros in the share issue. K33 advances its crypto initiatives 📢 PRESS RELEASE: K33 launches a share issue to finance the purchase of up to 1000 Bitcoin, with a minimum of SEK 85 million secured through pre-commitments pic.twitter.com/sG1LZjR6EI — K33 (@K33HQ) June 18, 2025 Norwegian firm K33 announced its new share issue in the company, where the net proceeds of the share issue will be used to buy Bitcoin to strengthen its balance sheet. The company argued that the initiative will unlock real operational leverage for the firm as a broker in addition to the direct exposure to BTC. The investment firm also hopes to improve its margins and enable new product offerings. K33 also anticipates that the share issue will improve its margins, enable new product offerings, and strengthen its ability to win large institutional partners. The digital asset brokerage firm also believes it will fuel scalable growth without putting the digital assets at risk. The research company also disclosed that the directed share issue provides it with swift access…

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Filed under: News - @ June 18, 2025 3:22 pm