PANews
PANews|Sep 02, 2025 07:36
[Crypto Broker K33 Converts $439,800 Investment from Convertible Bonds to Equity Issuance for Bitcoin Reserve Strategy] Crypto broker K33 announced that Aurora3 AS, Middelborg Invest AS, and Modiola AS have confirmed the conversion of their total investment of SEK 41.25 million (approximately $439,800) from convertible bonds to equity issuance. The funds will be used to support K33's Bitcoin reserve strategy through the issuance of 825 million new shares and 1.65 billion warrants, with a subscription price of SEK 0.050 per share. The warrants allow holders to subscribe for new shares at a price of SEK 0.050 during the period from September 15, 2025, to June 15, 2026, on the 15th day of the last month of each quarter. Earlier reports indicated that K33's Q2 revenue grew 108% year-on-year, and the company currently holds 126 BTC.
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