K33 Acquires Bitcoin Reserves Through Convertible Bond Conversion

Cryptocurrency broker K33 has announced a significant move to bolster its Bitcoin reserves. According to PANews, Aurora3 AS, Middelborg Invest AS, and Modiola AS have converted their total investment of 41.25 million Swedish kronor ($439,800) from convertible bonds into stock issuance. This capital injection will support K33’s strategy for acquiring Bitcoin through the issuance of 825 million new shares and 1.65 billion warrants, with each share priced at a value of 0.050 Swedish kronor.