Torbjørn Bull Jenssen Confirms Funding Round To Acquire 1000 Bitcoin

On June 18, 2025, K33 CEO Torbjørn Bull Jenssen outlined plans for a new share issue. The K33 Share Issue targets at least SEK 85m in capital for buying up to 1000 Bitcoin. Pareto Securities AS is the sole manager and bookrunner for the transaction. The offering will involve the issuance of new shares directed toward selected investors under market conditions. The process bypasses a traditional rights issue format. The offering structure is a Directed Share Issue under Swedish corporate regulations.

Bitcoin Strategy Aims to Boost Efficiency and Institutional Appeal

The K33 Share Issue program builds on the company’s K33 Bitcoin strategy detailed on May 28. Under this strategy, raised funds will purchase and hold Bitcoin directly on K33’s balance sheet. The approach aims to improve operational efficiency, increase profit margins, and attract institutional clients. K33 believes direct Bitcoin holdings will streamline reporting and reduce external dependencies. The initial press release set out key steps for implementation and governance oversight. “This raise marks a major milestone towards our initial goal of acquiring 1000 BTC before scaling further,” said Jenssen.

Share Pricing, Investor Commitments, and Key Timeline Details

The subscription price per share is SEK 0.1036, matching the June 17 closing price. Pre-commitments from both existing and new investors have secured the minimum target amount. K33 CEO Torbjørn Bull Jenssen has invested through his firm Muunilinst AS. Allocations for management, employees, and board members will follow a separate review process. The share issue runs until June 19, with allocation notices expected by June 23. Trading of the new shares will begin in early July. The timeline ensures full transparency and timely communication to shareholders.

Styret valgte en rettet aksjeutstedelse for å sikre kapital raskere og mer kostnadseffektivt. De anså en fortrinnsrettsemisjon som for sakte og kostbar i det nåværende markedsmiljøet. Selskapet tilbød ikke fortrinnsrettigheter til eksisterende aksjonærer for denne emisjonen. Selskapets uttalelser fremhevet de nåværende markedsforholdene som favoriserer rask kapitaldisponering. Rapporten nevnte også at strategisk tilpasning med utvalgte investorer og reduserte administrative byrder også var grunner. Det endelige antallet aksjer og deres tildeling vil bli bestemt etter søknadsperioden.

Investor Voting Requirements and Jurisdictional Restrictions Outlined

Investors in the offering must commit to vote in favor of item 9 at an Extraordinary General Meeting. That meeting is scheduled for July 3 and relates to the authorization of the board's financial instrument issuance. Selling restrictions apply in jurisdictions including the U.S., Canada, and Japan, among others. The restrictions aim to ensure compliance with regional securities regulations. The vote requirement ensures investor alignment with the company's longer-term objectives. Decisions regarding K33 Share Issue and other financial developments will follow criteria such as pre-commitments, existing ownership, and investment horizon.

Supporting Instruments and Broader Strategic Financial Planning

I bakgrunnen avslørte K33 investeringsavtaler som dekker nye aksjer, tegningsretter og konvertible lån totalt SEK 60 millioner. Disse instrumentene gir økonomisk fleksibilitet ettersom selskapet utvider sine aktiviteter. K33 har også utstedt aksjeopsjoner til ansatte under sitt kompensasjonsrammeverk. Ytterligere tilbud kan følge, forutsatt at de får aksjonærgodkjenning i fremtidige stemmer. Denne finansieringsplanen følger nylige trender der selskaper holder digitale eiendeler direkte. K33s Bitcoin-strategi signaliserer et skifte for å bruke digitale eiendeler som en kjernemodell.