K33's First Step in Reserve Strategy…Purchases 10 Bitcoin

Source
Son Min

Summary

  • Swedish cryptocurrency broker K33 announced that as the first stage of its Bitcoin (BTC) treasury strategy, it has purchased 10BTC.
  • K33 stated that with the launch of this reserve strategy, they are confident about the future of Bitcoin.
  • K33 previously reported that it raised 60,000,000 Krona (approximately ₩8.5 billion) for its Bitcoin treasury strategy.

Swedish cryptocurrency broker K33, which announced its Bitcoin (BTC) treasury strategy, has revealed its first purchase.

On the 3rd (local time), K33 announced on X (formerly Twitter), "We have completed our first Bitcoin purchase since announcing our reserve strategy," adding, "Currently, 10BTC is included on our balance sheet." They further stated, "We are just getting started," and described it as "the first step in our firm belief in Bitcoin's future—a value beyond mere transactions."

Previously, K33 said, "We raised 60,000,000 Krona (approximately ₩8.5 billion) for our Bitcoin treasury strategy."

As of 8:29 PM, Bitcoin is trading at $105,214 on the Binance USDT market, up 0.9% from 24 hours ago.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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