Norwegian crypto brokerage firm K33 plans to join the growing number of public companies buying up Bitcoin after raising 60 million Swedish krona ($6.2 million) to buy and hold the cryptocurrency.
K33 data-ct-non-breakable=”null” href=”https://k33.com/ir/article?slug=k33-secures-financing-of-sek-60-million-to-buy-bitcoin-and-launch-its-bitcoin-treasury-strategy” title=”null”>said on May 28 that it secured financing through convertible loans and a new issue of shares and warrants, which “will be used in full to acquire Bitcoin in order to establish the Bitcoin Treasury Strategy.”
Warrants data-ct-non-breakable=”null” href=”https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/warrant/” title=”null”>are zero-interest securities that investors can later convert into equity at the same price. K33 could purchase up to 57 Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” title=”null”>BTC)…
