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K33 raised $6.2 million to build a Bitcoin-backed treasury strategy.
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Funds were secured through shares, warrants, and convertible loans.
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The company plans to expand offerings, including BTC-backed lending.
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K33 saw a 200% YoY revenue increase in Q1 2025.
A Strategic Bitcoin Bet
Norwegian crypto firm K33 has launched a Bitcoin treasury initiative after raising 60 million Swedish kronor ($6.2 million). The funding came through a mix of equity issuance and convertible loans and will be used to accumulate bitcoin as a long-term reserve asset.
CEO Torbjørn Bull Jenssen described the move as both a conviction-based investment and a strategic foundation for the company’s next growth phase.
Product Expansion Plans
Beyond simply holding BTC, K33 plans to use its treasury as a tool to enhance services, including BTC-backed lending and improved trading margins. The firm aims to use Bitcoin not just as a hedge but as an enabler for product innovation.
Strong Financial Performance
K33’s revenue rose 200% year-over-year in the first quarter of 2025, reaching $46.6 million. The company is listed on Nasdaq First North Growth Market and is following the example of firms like Metaplanet and Strategy, both of which use Bitcoin as a strategic balance sheet asset.
