The post Norwegian K33 launches new round of share issuance to purchase 1,000 BTC appeared on BitcoinEthereumNews.com.

Norwegian digital asset firm K33 wants to issue a round of shares to raise enough capital to buy as much as 1,000 BTC. The offering has already received full subscriptions. In an official press release, the Norwegian firm declared that it would issue new company shares in order to raise at least 85 million Swedish krona or equal to around $8.8 million. The digital asset firm has established the subscription price per share at 0.1036 SEK, matching the closing price on the Nasdaq First North Growth Market as of June 17. The capital raised from sales of the shares will be used to add more Bitcoin (BTC) to the company’s balance sheet. According to the release, the goal is to buy up to 1,000 BTC. Exposure to more Bitcoin will allow the company to diversify its holdings, improve margins and fuel scalable growth. The issuance has already attracted pre-commitments, including an investment by the CEO of K33, Torbjørn Bull Jenssen himself that amounts to about EUR 100,000. “We strongly believe that Bitcoin represents the future of global finance and are positioning K33 to benefit maximally from this,” said Jenssen in his statement. Aside from Jenssen, the company claimed that the shares have already gotten full subscription commitments from both existing and new investors. The minimum subscription and allocation amount in the Directed Share Issue will be a number of Offer Shares equal to EUR 100,000 per investor. However, the company may, at its sole discretion, offer and allocate amounts below the minimum. The application window opens from June 18 at 09:00 CEST and closes on June 19 at 17:30 CEST, though dates are still subject to change. However, by applying for shares, investors will automatically vote in favor of item 9 at an Extraordinary General Meeting on July 3, which would…

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Filed under: News - @ June 18, 2025 6:24 pm