K33 (K33) Investor Update summary

Strategic rationale and market context

• K33 is raising capital through a direct share issue to finance the acquisition of up to 1,000 Bitcoin, with SEK 85 million in pre-commitments and the application period closing imminently.

• Bitcoin is increasingly seen as a global reserve asset, with institutional adoption accelerating, especially in the U.S. and soon in the EU due to new regulations like MiCA.

• K33 aims to differentiate itself from pure Bitcoin holding companies by combining operational business with a Bitcoin treasury strategy, leveraging both upside exposure and operational synergies.

Business model and operational strengths

• K33 provides institutional-grade trading infrastructure, personalized support, superior pricing, FX flexibility, and direct bank deposits, targeting high-net-worth individuals, corporations, and financial institutions.

• The platform has seen six consecutive quarters of strong growth since Q3 2023, with Q1 year-over-year growth at 200% and 20% quarter-over-quarter, outpacing the broader market.

• Recent product enhancements include instant 24/7 bank deposits and upcoming limit orders, with a focus on distributing K33 products through partners.

Financial strategy and use of proceeds

• All net proceeds from the current and future capital raises will be allocated directly to Bitcoin purchases, with no significant operational investments required.

• The transaction is set at market, and management believes the value created by a stronger balance sheet and Bitcoin exposure outweighs any dilution from new shares.

• K33 will consider additional capital market instruments, such as convertible loans or future equity issues, to reach the 1,000 Bitcoin target, always prioritizing shareholder value.