The post Sweden’s Refine Group Adds Bitcoin to Balance Sheet appeared on BitcoinEthereumNews.com.

Refine Group adds Bitcoin to balance sheet, diversifies its financial strategy. Board approves 10M SEK share issue, funds initial Bitcoin purchase plan. The company aims to raise Bitcoin per share, boosting shareholder long-term value. Refine Group, a well-known Swedish digital commerce company, has decided to add Bitcoin to its balance sheet. The company recently announced that it is launching a new Bitcoin treasury strategy. This makes Bitcoin the third official line of business of the company, on top of its current concern of Products and Digital Services. Refine Board Approves $10M SEK Share Issue for Bitcoin In order to carry out this move, the board of directors at Refine gave a special share issue of 10 million SEK. It will be funded by new strategic investors and part of the existing shareholders of Refine. The money will be utilized in the initial purchase of Bitcoin by the company. Refine Group desires to stabilize its financial base and create long-term value for its shareholders. Most global technology and e-commerce firms have already invested in Bitcoin as a treasury. Refine is now going to join them. The step implies that Refine will have Bitcoin as a backup asset. That is, it will maintain part of its funds in Bitcoin as opposed to just cash or conventional investments. According to the company, this move indicates that it has a lot of faith in the future of Bitcoin. Refine is not only viewing Bitcoin as a secure store of value but also viewing Bitcoin as a piece of the grander digital finance system that will continue to expand over the next few years. Refine would like to be involved in that expansion. Meanwhile, Refine is not getting its focus off its core businesses. Its Products unit will keep coming up with new products. It…

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Filed under: News - @ July 17, 2025 4:28 am