Several public companies, including K33, Zooz, and Bakkt, have announced their intent to invest in Bitcoin and other digital assets, underscoring their long-term strategies.
K33 Strengthens Its Bitcoin Market Position
Norwegian company K33 AB, specializing in digital asset brokerage and research, acquired 5 Bitcoins for 5.8 million Swedish kronor, increasing its holdings to 126 BTC. CEO Torbjorn Bull Jenssen stated that the company aims to reach its initial goal of 1,000 BTC and is confidently moving in that direction. However, K33's stock dropped by 4.35% following the acquisition announcement.
Zooz's Plans for a Bitcoin Treasury
Israeli firm Zooz announced a $180 million private placement to support its Bitcoin treasury reserve strategy. Incoming CEO Jordan Fried highlighted that the company's dual-listing will provide investors in the U.S. and Israel access to this reserve. Fried also emphasized that the Bitcoin treasury will evolve into an asset that promotes growth and stability.
Bakkt Launches Public Offering for Bitcoin Purchase
U.S.-based Bakkt announced the pricing of its $75 million public offering, consisting of 6,753,627 shares of Class A common stock. Funds raised will be used to buy Bitcoin and other digital assets. Bakkt also offered underwriters a 30-day option to purchase additional shares. The offering is set to close on July 30, 2025.
In conclusion, K33, Zooz, and Bakkt demonstrate confidence in the future of Bitcoin and other digital assets, which may influence their development and positioning in the market.
