Bitcoin Treasury List Grows With Entry of Crypto Brokerage K33

K33 Secures Financing to Bolster Bitcoin Treasury Strategy

Norway-based crypto brokerage and research firm K33 has joined the growing list of companies adopting Bitcoin treasury strategies. The firm recently announced it secured financing of over 60 million Swedish krona (approximately $6.2 million) to acquire Bitcoin.

Torbjørn Bull Jenssen, CEO of K33, shared his bullish outlook: "We strongly believe that Bitcoin will become an instrumental part of the global financial system." He emphasized that building a Bitcoin-backed balance sheet serves both as a strategic investment and a growth driver for K33's brokerage business.

This corporate adoption trend has significantly contributed to Bitcoin's price surge. The cryptocurrency currently trades around $108,000, slightly below its recent $112,000 peak but still up 15% over the past month.

The Corporate Bitcoin Movement Gains Momentum

MicroStrategy (now rebranded as Strategy) pioneered the Bitcoin treasury approach in 2020, using it as both an inflation hedge and value creation strategy. The Nasdaq-listed company now holds over 580,000 BTC worth approximately $62 billion.

The movement continues to expand, with major players recently announcing Twenty One - a new Bitcoin treasury company planning to acquire 42,000 BTC (worth $4.5 billion). Backers include Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group.

Twenty One will launch through a SPAC merger with Cantor Equity Partners, which trades on Nasdaq under the CEP ticker and operates under the Cantor Fitzgerald umbrella.