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K33 announced the launch of a 85 million Swedish Krona stock issuance plan to increase its holdings of 1000 BTC.
According to a report by Golden Finance, K33, a Norwegian digital asset company, announced the launch of a targeted stock issuance with a minimum financing scale of 85 million Swedish Krona (approximately 8.88 million USD). The raised funds will be used to implement its Bitcoin accumulation strategy and strengthen the company's balance sheet. K33 CEO Torbjørn Bull Jenssen stated that this financing is an important milestone for us to achieve our initial goal of acquiring 1000 Bitcoins before further expansion.