TLDR
-
K33 is raising SEK 85 million through a directed share issue.
-
The funds will be used to buy Bitcoin for the company’s balance sheet.
-
This move aims to improve margins and expand brokerage services.
-
Key investors, including the CEO, have already committed funds.
-
The offering supports K33’s target of holding 1,000 BTC.
K33 has initiated a directed share issue to raise SEK 85 million in new capital. The company plans to use the net proceeds to acquire Bitcoin and strengthen its brokerage business. This move aligns with K33’s strategy to boost operational efficiency and expand its institutional reach.
Bitcoin to Strengthen Balance Sheet and Leverage
K33 will use the raised funds to acquire Bitcoin directly for its balance sheet without taking on risk exposure. The new capital will enable the company to improve margins and also support the launch of new brokerage services. This direct Bitcoin holding strategy is intended to unlock operational leverage and position K33 more competitively in digital asset markets.
K33 raises $8.88M to fund its purchase of up to 1K $BTC
Swedish crypto broker @K33HQ has announced on its official website a fundraising of SEK 85 million ($8.88 million) via share issue to further finance the firm's goal of purchasing up to 1,000 BTC.
— CoinNess Global (@CoinnessGL) June 18, 2025
The share issue helps K33 avoid longer, costlier alternatives such as rights issues or convertible bonds. The company gains immediate access to capital while limiting unnecessary dilution and operational delays. K33 ensures swift execution of its Bitcoin accumulation plan while improving liquidity and shareholder value.
Strategic Capital Raise Backed by Commitments
The share issue has already secured commitments from existing shareholders and new participants, including company executives. K33’s CEO, through Muunilinst AS, committed EUR 100,000, reflecting long-term confidence in the company’s growth model. These early commitments ensure that the minimum target of SEK 85 million is covered at the set subscription price.
K33 priced the offer at SEK 0.1036 per share, equal to its market close on June 17, 2025. The board chose this price after evaluating pre-soundings and market demand in consultation with Pareto Securities. The allocation of shares will be finalized based on criteria such as timing, investment horizon and sector expertise.
Allocation, Voting Terms, and Timeline
The application period runs from June 18 to June 19, with conditional allocation notices expected by June 23. K33 requires that all participants in the offering agree to vote in favor of a key resolution during the July 3 EGM. The share settlement and trading start are scheduled for early July, pending regulatory and board approvals.
K33’s board retains full discretion over final allocation, size, and any changes to the offer terms. Offer Shares will be issued under existing exemptions, targeting Swedish and international entities, subject to relevant regulations. The minimum allocation is EUR 100,000 but exceptions may apply based on regulatory criteria.
Additional Instruments and Growth Strategy
This offering complements K33’s earlier SEK 60 million investment agreements, including warrants, convertible loans and stock options. Convertible loans may convert to equity at a SEK 0.05 price, potentially adding 900 million shares and related warrants. The strategy gives K33 a flexible path to capital while preparing for long-term balance sheet growth.
Employee option programs and future warrant exercises may add further dilution, subject to shareholder approval. However, K33’s approach is designed to build a strong equity base supported by long-term partners and aligned interests. This financing path supports the company’s BTC accumulation and broader brokerage expansion goals.
K33 remains focused on executing its strategy while minimizing complexity and maximizing shareholder value. With this SEK 85 million capital raise, the company moves closer to its Bitcoin accumulation target of 1,000 BTC. The offering strengthens K33’s positioning across brokerage, research, and institutional partnerships.
