đ° K33 Investors Double Down on Bitcoin Bet â Shift SEK 41.25M Into Equity
Norwegian digital asset firm K33 AB just got a strong show of confidence in its Bitcoin Treasury Strategy. Three major backers â Aurora3 AS (Klein Group), Middelborg Invest AS, and Modiola AS â have decided to convert their SEK 41.25 million commitment from loans into direct equity.
đ What Changed?
Instead of sticking with convertible loans agreed in May, the investors opted for straight equity â meaning they want a bigger piece of the upside as K33 builds its long-term Bitcoin reserves.
The deal translates to:
825 million new shares issued at SEK 0.050 each
1.65 billion warrants attached (2 per share), exercisable quarterly between Sept 2025 and June 2026
Proceeds go straight into buying more Bitcoin for K33âs balance sheet.
đ˘ CEO Speaks
âThe shift from loans to equity is a clear vote of confidence in our Bitcoin Treasury Strategy,â said CEO Torbjørn Bull Jenssen. âIt shows our investorsâ long-term bullish outlook and lets us accelerate BTC accumulation.â
đ Why It Matters
This move highlights growing institutional conviction that Bitcoin belongs on corporate balance sheets â not just as a hedge, but as a core strategy. With K33 stock already up on the news, the firm is now positioning itself as a Nordic âMicroStrategy-styleâ BTC treasury play.
