Bitcoin Treasury List Grows With Entry of Crypto Brokerage K33

by shayaan

In short

  • Crypto-brokerage and research services based in Norway, established in Norway, offered Crypto-brokerage and research services.
  • It has concluded an agreement with shareholders to buy $ 6.2 million in Bitcoin.
  • Bitcoin treasuries are increasingly common.

The Crypto-brokerage and research company K33, based in Norway, joined the fast-growing list of companies to adopt Bitcoin Treasury strategies.

In an announcement on Wednesday, K33 said it was concluded a financing agreement to buy more than 60 million Swedish KRONA ($ 6.2 million) in the leading cryptocurrency. The company said that together with its shareholders it would issue new shares and debts to buy it actively.

“We are convinced that Bitcoin will become an instrumental part of the global financial system,” said K33 CEO Torbjørn Bull Jenssen in a statement.

He added: “I am delighted to start building a strong balance that is supported by Bitcoin, not only as a strong conviction investment, but, more importantly, as a strategic enabler for K33 as a leading cryptocurrency broker.”

The number of companies aimed at acquiring Bitcoin has risen in recent weeks, which improves the price of the crypto to new highlights. Bitcoin was recently traded at around $ 108,000, of his recent high almost $ 112,000, but an increase of 15% in the past month.

Strategy – Formerly MicroStrategy – pioneered the strategy in 2020 to generate shareholders’ value and to combat inflation.

Since then, the shares of the Nasdaq-listed company have been shot and it has accelerated its crypto purchases. Strategy now has more than 580,000 bitcoin worth more than $ 62 billion based on current prices.

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Other Nasdaq-listed companies and companies in the crypto-space have followed, or are about to.

Last month, Crypto and Financial Services Giants Tether, Bitfinex, Cantor Fitzgerald and Softbank Group announced Last month that they would do that create Twenty -one, a listed Bitcoin Treasury Company with plans to acquire 42,000 BTC – or worth around $ 4.5 billion.

Twenty -one will be launched via a planned Spac merger with Cantor Equity Partners, which acts on the Nasdaq under the Ticker CEP and is affiliated with Financial Services Cantor Fitzgerald.

Published by James Rubin

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