Crypto news

Norwegian K33’s Bitcoin Bonanza: Get Your Shares Before They Disappear!

BBG News

In a move that can only be described as “let’s throw some money at the digital dragon,” the Norwegian digital asset firm K33 has decided to embark on a grand adventure: issuing a round of shares to raise enough shiny coins to buy a whopping 1,000 BTC. And guess what? The offering has already been gobbled up faster than a plate of biscuits at a tea party! 🍪

In a press release that probably had more exclamation marks than a toddler’s birthday invitation, K33 announced its noble quest to raise at least 85 million Swedish krona, which is about $8.8 million in the land of the dollar. The subscription price per share is set at 0.1036 SEK, which, coincidentally, is the same as the closing price on the Nasdaq First North Growth Market as of June 17. How convenient! 🎉

The treasure amassed from this share sale will be used to hoard even more Bitcoin (BTC) than a dragon hoarding gold. According to the release, the goal is to buy up to 1,000 BTC, because who wouldn’t want to diversify their digital treasure chest? More Bitcoin means better margins and the kind of scalable growth that would make even the most ambitious of accountants weep with joy.

And speaking of ambitious, the CEO of K33, Torbjørn Bull Jenssen, has thrown in his own EUR 100,000 into the pot. “We strongly believe that Bitcoin represents the future of global finance,” he declared, probably while wearing a wizard hat and waving a magic wand. 🧙‍♂️

But wait, there’s more! The shares have already attracted full subscription commitments from both existing and new investors, which is a fancy way of saying, “Everyone wants in on this party!”

The minimum subscription amount for this Directed Share Issue is a number of Offer Shares equal to EUR 100,000 per investor. However, the company may, at its sole discretion, offer and allocate amounts below the minimum. Because why not keep everyone on their toes? 🤹‍♂️

The application window opens from June 18 at 09:00 CEST and closes on June 19 at 17:30 CEST, though these dates are as solid as a jelly on a rollercoaster. By applying for shares, investors will automatically vote in favor of item 9 at an Extraordinary General Meeting on July 3, which would authorize the board to issue shares and financial instruments as needed. Because who doesn’t love a good meeting? 📅

“Such undertaking applies to all shares in the Company held or controlled as of the record date for the EGM,” the company wrote, probably while sipping tea and contemplating the mysteries of the universe.

According to the release, share allocations will be decided by the board, considering factors like order size, existing holdings, and investor fit. Notification of allocation is expected around June 23, with settlement and share trading beginning in early July. So, mark your calendars, folks! 🗓️

Throughout the year, K33 has been on a Bitcoin accumulation spree, raising 60 million SEK (about $5.6 million) from insiders and investors earlier in May to boost its Bitcoin holdings. It’s like a digital treasure hunt, and everyone wants to be the one who finds the biggest loot!

Read More

2025-06-18 14:45

Previous post Is Tether’s $1 Billion Mint a Sign of Bitcoin’s Next Big Party? 🎉💰
Next post Crypto Chaos: The Hilarious Rise of Crime in the Blockchain Jungle! 😂💰