Sweden’s K33 raises $19.5M to expand Bitcoin holdings

Swedish crypto broker K33 has raised SEK 185 million (approximately $19.5 million) through a directed share issue, according to a press release on Nasdaq Nordic. The funds will be used to boost its Bitcoin (BTC) holdings and strengthen its role as a digital asset broker. The raise more than doubled its original SEK 85 million (approximately $8.9 million) target and came just three weeks after a separate SEK 60 million (approximately $6.3 million) funding round. Earlier, K33 announced on June 3 that it had purchased 10 BTC.