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European Firm K33 Raises $6.2M for Strategic Buys

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Norwegian broker K33 has set its sights on adding Bitcoin to its balance sheet. It raised 60 million Swedish krona (about $6.2 million) to buy and hold the cryptocurrency.

Based on reports, the cash comes from a mix of convertible loans and new share and warrant issues.

New Funding Round Raises 60 Million Krona

According to K33’s May 28 statement, 45 million krona of the total comes from interest-free convertible loans. Those loans don’t carry any interest and mature on June 30, 2028.

The rest, 15 million krona, will be raised through a new share sale and free warrants. If all the warrants and conversions happen, K33 could pull in up to 75 million krona.

Bitcoin Buy Plan Outlined

Based on reports, the fresh funds will go “in full” to build what K33 calls its Bitcoin Treasury Strategy. At today’s price of just over $108,000 per coin, the company could buy about 57 BTC. That gives them a decent pile of BTC to work with as they roll out new services.

Bitcoin will be the best performing asset in the coming decade and my goal with K33 is to accumulate as many as possible while unlocking powerful operational synergies with our brokerage operation. https://t.co/Crxu0b5QPz

— Torbjørn (@TorbjrnBullJens) May 28, 2025

Management Sees Long-Term Gains

CEO Bull Jenssen posted on X that he expects Bitcoin to be the “best-performing asset in the coming decade.” He wrote that K33 will “accumulate as many as possible while unlocking powerful operational synergies with our brokerage operation.”

He also asked:

“Why wait for the government to build a crypto reserve when you can build your own?”

BTC is currently trading at $108,561. Chart: TradingView

Risks And Rewards

K33’s share price barely budged and actually fell 1.90% on May 28. That shows some investors worry about Bitcoin’s wild swings. It’s a known fact that BTC can jump or drop 10% or more in a single day.

GameStop saw its stock jump around 10% after it said it would buy Bitcoin, only to slide 10% when it made its first purchase of 4,710 BTC. And Paris’s Blockchain Group stock once spiked 220% when it started its Bitcoin buys.

Building a Bitcoin reserve also opens doors. Jenssen told investors that a sizable BTC holding could help K33 launch Bitcoin-backed loans and boost its brokerage arm.

With fresh cash on hand, they plan to team up with other Nordic firms doing the same. He said their treasury will be the base for new revenue and product ideas.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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European crypto firm K33 raises $6.2M for Bitcoin buys
Crypto Trends

European crypto firm K33 raises $6.2M for Bitcoin buys

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Norwegian crypto brokerage firm K33 plans to join the growing number of public companies buying up Bitcoin after raising 60 million Swedish krona ($6.2 million) to buy and hold the cryptocurrency.

K33 said on May 28 that it secured financing through convertible loans and a new issue of shares and warrants, which “will be used in full to acquire Bitcoin in order to establish the Bitcoin Treasury Strategy.”

Warrants are zero-interest securities that investors can later convert into equity at the same price. K33 could purchase up to 57 Bitcoin (BTC) at BTC’s current price of just over $108,000. 

Source: K33

K33 CEO Bull Jenssen posted to X on May 28 that he thinks Bitcoin will be the “best-performing asset in the coming decade,” and his company will “accumulate as many as possible while unlocking powerful operational synergies with our brokerage operation.”

“Why wait for the government to build a Bitcoin reserve when you can build you own? Initial financing is secured and we are ready to accelerate from here!” he added in another post. 

The convertible loans total 45 million Swedish krona ($4.6 million), are interest-free and mature on June 30, 2028. The remaining 15 million Swedish krona ($1.5 million) will come through a new share issuance and warrants, according to K33. 

If investors convert their warrants before March 2026, they are entitled to additional free warrants at the same conversion rate. If fully exercised, K33 could raise up to 75 million Swedish krona ($7.7 million) for its Bitcoin buy. 

Bitcoin treasury part of expansion plans 

In K33’s interim report for the first quarter, released May 28, Jenssen said K33 is working with other Bitcoin treasury companies in the Nordics and hopes to use its treasury as a foundation to offer new services, such as BTC-backed lending. 

“For K33, Bitcoin is not only a high-conviction asset — it’s also a strategic enabler. With a sizable BTC reserve, we will be able to strengthen our financial position while unlocking new revenue streams, product capabilities, and partnerships,” he said. 

Related: Strategy bags 4,020 Bitcoin as price briefly breaks $110K

K33’s share price traded flat with the news of its Bitcoin treasury pivot and closed May 28 trading down 1.96%, according to Google Finance.

K33’s stock price wasn’t affected by the announcement of the firm’s Bitcoin strategy. Source: Google Finance

Some companies have seen their stock prices gain after announcing a Bitcoin buying plan.

Video game retailer GameStop shares jumped nearly 12% on March 26 after the company announced plans to purchase Bitcoin. However, it dropped 11% on May 11 after GameStop made its first purchase of 4,710 Bitcoin.

Meanwhile, when Paris-based crypto company Blockchain Group started buying Bitcoin on Nov. 5, its stock spiked 225% to 0.48 euros ($0.52).

Magazine: Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review



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Crypto Trends

Publicly Traded SharpLink Raises $425M to Create Ethereum Treasury, Stock Jumps 420%

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In brief

  • SharpLink Gaming, an online gambling marketer, has raised $425 million to buy Ethereum for its treasury.
  • Blockchain technology firm Consensys led the raise, and Consensys CEO and Ethereum co-founder Joseph Lubin will lead the company’s board.
  • The company’s stock is up 420% on the day, as of this writing, following the announcement.

Publicly traded company SharpLink Gaming has raked in $425 million in a private investment in public equity, or PIPE, offering to establish an Ethereum treasury—a move that has boosted its stock price more than 400% so far Tuesday.

The online gambling marketer’s raise was led by blockchain technology firm Consensys, with participation from Galaxy Digital, ParaFi Capital, Ondo, and Pantera Capital, among other investors, SharpLink Gaming said Tuesday in a statement. The group bought 69,100,313 of the firm’s shares at $6.15 each. (Disclosure: Consensys is one of 22 investors in an editorially independent Decrypt.)

The newly raised funds will go toward acquiring Ethereum, which will serve as the company’s primary treasury asset—a move that emulates the playbook of Michael Saylor’s software company, Strategy, which has amassed $64 billion worth of Bitcoin since 2020 and inspired a growing list of crypto-stashing followers.

SharpLink Gaming’s private equity deal is expected to close on May 29. Consensys CEO and Ethereum co-founder Joseph Lubin will serve as chairman of SharpLink Gaming’s board of directors.

“This is a significant milestone in SharpLink’s journey and marks an expansion beyond our core business. On closing, we look forward to working with Consensys and welcoming Joseph to the Board,” said Rob Phythian, founder and CEO of SharpLink, in a statement. 

SharpLink Gaming shares are trading at $35 as of writing time, soaring 420% in the past day. The price of the Nasdaq-listed SBET rose as high as $53.45 earlier Tuesday.



SharpLink Gaming did not disclose how much Ethereum it aims to acquire. The firm did not immediately respond to Decrypt’s request for comment on the matter. 

Consensys told Decrypt that it cannot speak about the deal until it is finalized.

The marketing company’s corporate strategy overhaul comes as a growing number of companies have taken after Strategy’s cryptocurrency-centered playbook over the past few years. Medical device company Semler Scientific and Japanese investment firm Metaplanet began employing aggressive Bitcoin-based strategies in 2024, for example, with many other firms similarly following the Strategy model.

Meanwhile, Upexi and DeFi Development Corp. (formerly Janover) have raised millions of dollars for acquiring Solana for their respective corporate treasuries over the past few months, and Canadian firm Spirit is gunning to become the “Strategy of Dogecoin.”

The announcement comes after a recent surge in Ethereum’s price following months of declines, with ETH even falling as Bitcoin continued to push to new highs earlier this year. Ethereum has faced an identity crisis amid other concerns from developers and community members, with the Ethereum Foundation recently undergoing leadership changes as a result.

The layer-1 network’s token was trading at $2,700 as of writing time, up over 6% on the day and 50% over the past month—though it’s down 31% over the past 12 months.

Edited by Andrew Hayward

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Dogecoin breaks out, Ripple targets $3, new DeFi coin raises about $1 million
NFT Gaming

Dogecoin breaks out, Ripple targets $3, new DeFi coin raises about $1 million

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Dogecoin’s breakout hints at renewed bullishness, while Unilabs’ $1m presale and AI-powered DeFi tech spark buzz.

Dogecoin’s price has broken out of a cup-and-handle pattern, implying that bullish energy is back. Meanwhile, Ripple bulls are targeting the $3.00 mark after a long period of sideways movement. However, stealing the spotlight is Unilabs (UNIL), a next-generation DeFi coin that has already raised nearly $1 million in its presale. 

With its AI-powered investment engine and growing community, Unilabs could be a formidable force in the DeFi market. The platform seeks to introduce AI technology into DeFi investments, making it smarter and easier.

Dogecoin breaks out of cup and handle pattern

According to Trader Tardigrade, the Dogecoin price is about to explode. The analyst noted that the memecoin has broken out from a cup and handle pattern. If the uptrend continues, the Dogecoin price could cross the $0.25 resistance to $0.30.

Another analyst known as Glory2GloryX told their followers the Dogecoin price is breaking out of a bullish flag. They say the value of DOGE could rise to $0.35 as the next target. Meanwhile, CryptoKaleo forecasts that the Dogecoin price could climb to $1.00 in the coming months. 

The value of DOGE is historically known to skyrocket after a Bitcoin halving, his chart showed. So, the analyst told his followers not to sleep on DOGE. The Dogecoin price is now consolidating between $0.21 and $0.25. 

Its value has skyrocketed by 12.0% on the weekly level, signaling a massive hike in buying momentum. The monthly and yearly Dogecoin price charts are also bullish with gains of 37.7% and 48.3%, respectively.

Ripple price soars, $3 in view

According to CoinMarketCap, the Ripple price has pumped by 2.8% on the weekly level after bouncing off $2.30. The altcoin is mirroring the uptrend in the market and could climb to its monthly high of $2.60 if bullish momentum remains.

In terms of future trajectory, Crypto Beast says the Ripple price could soar to $3.14 soon. With more buying pressure, the analyst expects the Ripple price to surge to $4.29.

Another analyst called Dominus believes the Ripple price could climb higher. They argued that a God Candle is coming, which could push the Ripple price to $7.00. RipBullWinkle is another expert who believes the Ripple price is ready to skyrocket. 

They posted a Ripple price chart where the value of XRP shot up to $5.40. Technical analysis currently shows that bulls are in control. The relative strength index, which is above 50, signals that bulls are in charge. 

AI is changing the cryptocurrency sector. In 2025, AI-focused crypto tokens have surged, adding nearly $10 billion in market capitalization, with several top assets rallying over 50%. Amid this AI boom, a new DeFi project is gaining momentum. Unilabs is a standout project offering an AI-powered platform designed to optimize crypto investments through intelligent automation.

Unilabs is a platform that uses AI to manage and make the most of cryptocurrency portfolios. It provides a range of funds: AI Fund, BTC Fund, RWA Fund and Mining Fund, all suited to various investment ideas.

The Unilabs presale is currently live, offering UNIL tokens at an attractive price of $0.0051. Referral bonuses, tiered staking rewards, and a 30% share of platform fees redistributed to token holders are available to early participants. The referral program and staking rewards encourage community engagement and long-term investment. 

Top DeFi projects like Cardano have had huge growth, with its price increasing by over 10,000% since its launch. If Unilabs captures even a modest share of the expanding DeFi market, it could see huge price appreciation. With its unique approach and current presale offering, early entrants stand to gain huge returns.

Can Unilabs rival the best crypto to buy in 2025

While the Dogecoin price and Ripple continue to gain traction, Unilabs is a dark horse in the DeFi space. Its intelligent automation, real utility, and explosive presale momentum position it as a future DeFi leader. For investors hunting the next big breakout, Unilabs may just be the coin that turns early investment into huge returns.

To learn more about Unilabs, visit the official website, and Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.



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Crypto VC funding: World dominates with $135m raise, Slash bags $41m
Crypto Trends

World raises $135m, Slash scores $41m

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The crypto funding sector saw major activity from May 18-24, with total investments reaching $307.5 million, led by World’s $135 million raise.

This week’s funding mainly focused on Finance and banking-focused ventures and payment and financial services sectors. Here’s an overview of the week’s crypto funding activity as per Crypto Fundraising data:

World Foundation

  • Raised $135 million from a16z crypto, Bain Capital Crypto, and Selini
  • World (WLD) has raised $375 million so far
  • According to the announcement on May 21, the funds will be used to expand its iris-based identity network, World ID.

Slash

  • Slash scored $41 million in a Series B round
  • The project has a fully diluted valuation of $370 million
  • Goodwater backed the investment
  • Slash has raised $60 million so far

Catena Labs

  • Catena Labs secured $18 million in a Seed round
  • The investment was backed by a16z crypto, Breyer Capital, and Z Ventures
  • Gained +1 new investor

Roxom

  • Gathered $17.9 million in an Unknown round
  • Investors include Draper Associates, Borderless, and Kingsway Capital
  • Roxom has raised $22.2 million so far

TrueX

  • A team of Coinbase alumni collected $11 million to debut True Markets, a stablecoin-native DeFi app offering real-time execution and self-custody on Solana.
  • The investment was backed by Accomplice, Framework Ventures, and Reciprocal Ventures
  • TrueX has raised $20 million so far

Projects < $6 million

  • Hyperdrive: Raised $6 million in a Series A funding
  • Acurast bagged $5.4 million Public sale with $90 million fully diluted valuation
  • VOYA Games (Craft World) raised $5 million in an unknown round
  • Rover raised $4.1 million Seed investment
  • Stablecorp (QCAD) raised $1.8 million in an unknown round
  • Fermi Labs bagged $1.2 million in a pre-seed round





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Worldcoin rallies 10% as World Foundation raises $135M
NFT Gaming

Worldcoin rallies 10% as World Foundation raises $135M

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Worldcoin has jumped 10% in the last day, riding the wave of a major $135 million raise by the World Foundation.

According to World Foundation’s official fundraising announcement on May 21, the funds will be used to expand its iris-based identity network, World ID. Leading the raise were Andreessen Horowitz and Bain Capital Crypto, who purchased Worldcoin (WLD) tokens at market value, increasing the supply of tokens in circulation.

With more than 26 million users and 12.5 million Orb-verified IDs in oved 160 countries, this institutional support lends more credibility to the project. The market has responded positively to the news. 

Trading volume is up 87% to over $508 million, while derivatives volume has exploded by 112% to $879 million. Open interest is also up 23%, now sitting at $280 million, as per Coinglass data. After months of decline, this steep increase points to a change in trader sentiment as capital moves back into WLD. However, the token is still 89% below its peak of $11.74 in March 2024.

On the technical side, Worldcoin’s price action is displaying signs of strength. After recovering from support around $1.00, it has climbed back to $1.24. The move is accompanied by strong momentum and rising volume, indicating that bulls might be regaining control. The price is trading above the short- and mid-term moving averages, which are currently trending upward, often a bullish sign.

Worldcoin price analysis. Credit: crypto.news

The relative strength index is slightly above 60, indicating that there is still potential for growth without reaching an overbought level. The expanding Bollinger Bands suggest a possible breakout move. If bulls can break through the crucial resistance level, which is around $1.30, the next major barrier is near $1.38. 

On-chain fundamentals continue to be a risk as well as a strength. More WLD is now in circulation as a result of the recent token sale, which could put short-term pressure on the price. But the fact that this was not a VC dump, but rather a sale to two long-time backers at market price, changes the narrative. 

Furthermore, if Worldcoin can use the new funding to successfully scale its World ID infrastructure, especially in jurisdictions like the U.S., where digital identity regulation is tightening, it could carve out a unique niche at the intersection of AI, privacy, and identity.

If the current momentum holds, WLD might move in the $1.37–$1.50 range. A breakout above that area could result in a more pronounced rally as shorts are squeezed. However, if buyers lose interest and the token falls below $1.20, a retrace to $1.10 or even $0.95 is still possible.



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Sangha raises $14m to launch solar-powered Bitcoin mine in Texas
NFT Gaming

Sangha raises $14m to launch solar-powered Bitcoin mine in Texas

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Sangha Renewables has raised $14 million in equity funding for its flagship 19.9-megawatt Bitcoin mining project in West Texas. 

The facility, developed alongside a major independent power producer, will operate directly on a solar energy site and is expected to go live in Q3 2025, according to a company release. 

The project is designed to convert underutilized renewable energy into Bitcoin (BTC) via a vertically integrated model. 

According to Sangha, investors contribute capital—either in fiat or Bitcoin—to help build the site and, in return, receive streaming payouts in Bitcoin well below market price. 

This approach, the company says, avoids the inefficiencies of traditional mining intermediaries.

“This isn’t just about mining—it’s about how capital flows in and out of Bitcoin,” said Sangha CEO Spencer Marr. “We’re offering direct access to productive infrastructure without the noise of speculative equities or hosting overhead.”

The company’s plan to scale across the U.S. 

The project marks a proof-of-concept for Sangha’s broader strategy: scale across the U.S. by deploying similar mining operations on renewable energy sites suffering from congestion or negative pricing.

In this case, the solar site’s owner leases 5.5 acres to Sangha and supplies behind-the-meter power, creating new income for the IPP without shouldering any capital or operational burden.

The company says its financial models forecast energy and Bitcoin pricing in real time to guide curtailment and maximize profits. Its smart-contract-ready platform also offers transparent fees and optional blockchain-linked payouts.

Sangha’s structure borrows heavily from real estate and renewable energy project finance, emphasizing risk mitigation and repeatable deployment. Regulatory complexity is handled in-house, helping streamline partnerships with energy providers.

The $14 million raise is part of a $17 million target. Once live, the Texas site is expected to offer some of the lowest power costs for mining in North America, the company said. 



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One of the Best Presales of 2025 Ends in 26 Days; Solaxy Raises $38M
GameFi Guides

One of the Best Presales of 2025 Ends in 26 Days; Solaxy Raises $38M

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Solaxy ($SOLX), one of the best presales of 2025, is set to end in 26 days. It’s had an impressive run, having already raised over $38M since its start. With over $500K pouring in after the deadline announcement yesterday, investors are racing to grab $SOLX at its current presale price of $0.00173 before it lists on exchanges.

The project is set to revolutionize Solana by tackling the main issues that plague the ecosystem: slow and failed transactions, downtime during peak times, and high fees.

The upgrade couldn’t come at a better time. Solana’s ecosystem is booming – its total value locked (TVL) has hit $9.1B, outstripping Ethereum’s top Layer-2s like Arbitrum and Optimism. Staking also highlights confidence in Solana, with $65B $SOL staked. However, while Solana grows, so do its challenges, and Solaxy is here to fix them.

$SOLX is both one of the most promising meme coins and a utility-imbued token that allows for high-speed and low-cost transactions within Solana’s ecosystem. It’s perfectly timed for a buzzing market – Solana-based tokens like $WIF (138%) and $BONK (63%) have soared in the last month.

What Solaxy Aims to Achieve

According to the whitepaper, Solaxy ($SOLX) is the next evolution of Solana – its first Layer-2 – implementing several innovative technologies to enhance scalability:

  • Roll-Up protocol: Reduces network congestion by bundling transactions to speed up the on-chain validation process.
  • Modular infrastructure: Offers developers flexibility with plug-and-play tools for custom dApps, ideal for gaming, DeFi, and meme coin platforms.
  • Off-chain processing: Allows for infinite scalability and faster transactions without compromising Solana’s functionality or security.

Long-term, Solaxy showcases clear potential applications, especially for high-frequency dApps like gaming ecosystems – Solana already captures 50% of gaming fees with 1M daily active users in Q1 12025 – meme coin platforms like Pump.fun.

Its cross-chain bridge with Ethereum even further boosts its interoperability and skyrockets its versatility.

Is Solaxy One of the Best Presales of 2025?

As of right now, Solaxy is clearly one of the best presales and one of the most promising new crypto projects, and the stats speak for themselves:

  • $38.7M raised since its start with a token price of $0.00173
  • A token pool of 138B, 11B staked, with a dynamic APY of 104%
  • 4,377 $SOLX per $ETH as rewards
  • A clear roadmap with several milestones and constant upgrades

The tokenomics distribution is fair, designed to fuel the ecosystem in the charts post-launch:

  • Treasury: 20% (27.6B)
  • Development: 30% (41.41B)
  • Marketing: 15% (20.7B)
  • Rewards: 25% (34.51B)
  • Exchange liquidity: 10% (13.8B)

More importantly, the devs work on updating and polishing the project constantly, posting regular updates with the newly-implemented features like the Testnet Bridge for smoother and faster transactions.

Then there’s the Igniter Protocol (announced May 19), a no-code token launchpad for holders of $SOLX to create their own tokens, fueling the ecosystem’s decentralized economy.

It’s Not Too Late to Join The Solaxy Presale

These are the latest in a long series of updates that keep pushing Solaxy to new heights as the launch day approaches. Even though the presale is nearing its end, you can still join to reap the benefits, as our analysts believe that the token will rally in the long run.

According to our official Solaxy 2025–2030 price prediction, we expect $SOLX to reach a $0.2 price point by the end of 2026. This translates to a wealth-producing percentage boom of over 12,400%. Short-term, $SOLX should experience a solid 2025 run, as our analysts envision a 3,100% growth by this year’s end.

Check our ‘how to buy $SOLX’ guide today if you like what you’ve read and don’t want to miss out.

Remember, this isn’t financial advice. You should always DYOR (do your own research) before investing in any crypto project, no matter how promising.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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1,100% Explosion on Shiba Inu (SHIB) Market Raises Lots of Questions
Crypto Trends

1,100% Explosion on Shiba Inu (SHIB) Market Raises Lots of Questions

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With inflows up 1,109% and outflows up 822% over the last seven days, Shiba Inu, one of the most watched meme coins on the market, has seen an unprecedented spike in on-chain activity. These figures increase even more over the 30- and 90-day periods, showing an astounding +1,155% and +1,141% increase in inflows, respectively. At 1,582% and 815%, respectively, outflows are not far behind. All that surge in activity is raising numerous questions: who’s behind it? Why is the price not moving, and what should the market expect?

These numbers point to a highly erratic on-chain environment with significant capital movement taking place on both ends. SHIB is still in the consolidation phase on the price chart, trading at about $0.000016, just below the 200 EMA resistance level. Although there have been rapid changes on the chain, price momentum has not yet materialized. This implies that internal repositioning, profit-taking or preemptive allocation may be more responsible for the large holder behavior than new retail demand or strong market conviction.

Source: IntoTheBlock

At the moment, the 200 EMA at $0.000016 serves as a definite resistance level, while the 100 EMA at $0.000014 is still a critical support level. Volume has stayed low in comparison to the early May surge, and the RSI is in neutral territory at about 60, suggesting that there is potential for either continuation or retracement. These factors support a more cautious near-term outlook. The increase in inflows and outflows is simultaneously a warning sign and a sign of good things to come.

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In light of changing macro and market conditions, it marks a time of significant redistribution, most likely planned by whales to modify their exposure to SHIB. Such activity usually comes before a directional move, but it is unclear if this will resolve bullishly or result in a local top without price and volume confirmation.

SHIB traders are currently advised to keep an eye on the price boundaries at $0.0000135 and $0.000016. The next big trend may be determined by a breakout above or below these. Without strong technical follow-through, this behavior might just remain noise, but in a larger context, it might resemble the meme-driven hype cycles from previous bull phases.



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