Sweden’s BTC AB Raises $783K to Expand Bitcoin Holdings

CryptoFrontNews
BTC0,32%
SOL-1,44%
  • BTC AB issues preference shares to raise $783K, aiming to grow Bitcoin holdings and shareholder value.
  • Matador Technologies plans up to $58M funding to reach 1,000 BTC by 2026, timing purchases carefully.
  • Upexi files to raise $1B, boosting Solana treasury and supporting diverse crypto operations.

Swedish public company Bitcoin Treasury Capital (BTC AB) is expanding its Bitcoin holdings through a new preference share issuance. The company announced a directed issue of 60,400 preference A shares, raising roughly SEK 7.2 million ($783,000) from external investors.

As per the announcement, each share costs SEK 120 and pays SEK 1 every month, giving investors a 10% yearly return. BTC AB will use the money mainly to buy more Bitcoin, grow value for shareholders, and keep the business flexible.

The move comes as BTC AB strengthens its position as a pure-play Bitcoin investment company. Christoffer De Geer, CEO, commented, “The directed preference share issue strengthens BTC AB’s balance sheet and provides additional financial flexibility. It enables the Company to continue executing its strategy while maintaining a disciplined approach to capital allocation and risk management.”

The issuance targets external investors, including Navtej Singh Garayal and Daniel Robert Fischer, who fully subscribed to the new shares. Settlement is expected by February 2026.

Global Corporate Bitcoin Moves Gain Momentum

The approach taken by BTC AB is in line with other companies that are hastening to acquire Bitcoins for their corporations. The Canadian company, Matador Technologies, received approval to issue shares and other securities amounting to CAD 80 million, which is approximately $58 million. The money is meant to grow their Bitcoins to 1,000 by 2026.

The strategy was emphasized by CEO Deven Soni, stating that the company would employ various sources of financing, including the timing of purchases based on market fluctuations. At the current rate, Matador currently has 175 BTC, valued at $15.3 million, placing it 90th among the world’s top corporate holders of Bitcoin.

Meanwhile, U.S.-listed Upexi (UPXI) filed a shelf registration with the SEC to raise as much as $1 billion. The company manages over 2 million SOL tokens, valued at $248 million, and seeks flexibility to sell stock, preferred shares, debt instruments, or warrants. The capital aims to support Upexi’s diverse crypto operations, including Solana treasury growth and consumer brand management

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin tends to outperform gold and stocks after global shocks, Mercado Bitcoin finds

Bitcoin BTC$67,345.02 tends to outperform traditional safe haven assets like gold in the two months following major global crises, according to new analysis from Brazilian crypto exchange Mercado Bitcoin. The study, led by Rony Szuster, head of research at the Latin American crypto platform,

CoinDesk1h ago

A simple explainer on what quantum computing actually is, and why it is terrifying for bitcoin

This week, Google published a paper describing how a quantum computer could theoretically derive a bitcoin private key in 9 minutes, with ramifications that stretch to Ethereum, other tokens, private banking, and potentially everything in the world. Quantum computing is easy to mistake for a

CoinDesk1h ago

Bitcoin and the US dollar have a 'symbiotic' relationship: BPI exec

US dollar-pegged stablecoins and Bitcoin (BTC) share a “symbiotic” relationship, mutually benefitting from rising adoption, according to Sam Lyman, head of research at Bitcoin Policy Institute (BPI), a Washington DC-based digital asset advocacy organization. “Bitcoin is beneficial to the US

Cointelegraph4h ago

Ex-UK Chancellor backs bitcoin as alternative to failing systems

Kwasi Kwarteng, the UK’s former Chancellor of the Exchequer who served just weeks in September 2022, is re-emerging with a new focus on bitcoin, monetary history, and long-term economic thinking. Reflecting on the infamous mini-budget in an interview with CoinDesk, he was candid about the

CoinDesk4h ago
Comment
0/400
No comments