K33 Completes Purchase of 10 BTC - First Transaction Under New Bitcoin Treasury Strategy

K33 AB (publ) ("K33"), a leading digital asset brokerage and research firm, announces the acquisition of 10 Bitcoin (BTC) for a total consideration of approximately SEK 10 million. This marks the inaugural transaction under K33’s recently launched Bitcoin Treasury strategy.

K33 recently launched a Bitcoin Treasury strategy and announced that it had secured SEK 60 million to buy Bitcoin. Today's purchase is the first transaction related to this initiative.

“We expect Bitcoin to be the best-performing asset in the coming years and will build our balance sheet in Bitcoin moving forward. This will give K33 direct exposure to the Bitcoin price and help unlock powerful synergies with our brokerage operation. Our ambition is to build a balance of at least 1000 BTC over time and then scale from there.” said Torbjørn Bull Jenssen, CEO of K33.