K33 initiates a directed share issue of 85 million SEK, aiming to increase holdings by up to 1,000 Bitcoin.

BlockBeats News, on June 18, Norwegian digital asset company K33 announced the launch of a new round of directed share issuance to raise at least 85 million SEK (approximately $8.88 million). The funds will be used to purchase up to 1,000 Bitcoins and include them in the company's balance sheet.

Previously, on May 28, K33 signed an investment agreement with its shareholders Klein Group (via Aurora 3 AS), Middelborg Invest AS, Tigergutt Invest AS, and Modiola AS (collectively referred to as the "Investors"). This agreement aims to raise a total of 60 million SEK (approximately $6.23 million) to support the company's Bitcoin treasury strategy.