Norwegian Firm K33 Launches Bitcoin Treasury, Raises $6.2 Million

Norwegian firm K33 has established a Bitcoin treasury, securing a significant funding round of $6.2 million to invest in the cryptocurrency. This strategic move comes amidst growing institutional interest and a rising trend among businesses incorporating Bitcoin into their balance sheets. K33 plans to leverage its newfound Bitcoin reserves to bolster its operations and expand its service offerings with new crypto-related products, including Bitcoin-backed lending.