Norwegian digital asset firm K33 announced its plans to acquire 1,000 bitcoins (BTC) following a successful capital raise of $8 million through a directed share issuance.
Capital Raising for Bitcoin Acquisition
K33 initiated a share issuance to raise a minimum of SEK 85 million (approximately $8 million USD). The funds will be used to purchase up to 1,000 BTC, which will be held on the company's balance sheet. All subscription commitments for the share offering have been fully subscribed, including a €100,000 investment from the CEO through his personal entity.
K33 Strengthens Brokerage Operations
K33 states that holding Bitcoin directly will enhance its operation model as a digital asset broker. The company expects improved margins, new product offerings, and increased appeal to larger institutional clients. CEO Torbjørn Bull Jenssen commented: "This raise marks a major milestone towards our initial goal of acquiring 1,000 BTC before scaling further."
Growing Institutional Interest in Bitcoin
K33's Bitcoin acquisition plans align with moves from other companies entering or expanding in the Bitcoin space. For instance, Tokyo-based Metaplanet Inc. recently issued a $210 million zero-coupon bond as part of its asset diversification plan focused on Bitcoin. Furthermore, institutional investor Strategy purchased 10,100 BTC between June 9 and June 15, 2025, increasing its total holdings to 592,100 BTC.
K33's plans for Bitcoin acquisition signify a growing interest from institutional investors in this asset, which could have a significant impact on the market in the future.
