K33 (K33) Investor Update summary

Strategic rationale and market context

• Bitcoin is increasingly viewed as a global reserve asset, with institutional adoption accelerating in the U.S. and expected to gain momentum in the EU under regulations such as MiCA.

• The strategy combines an operating business with a Bitcoin treasury to capture BTC upside and operational synergies, differentiating the model from pure Bitcoin holding companies.

• Formerly Arcane Crypto, the business exited mining because of uncompetitive energy costs and now focuses on enabling miners to sell Bitcoin.

Business model and operational strengths

• Institutional-grade trading infrastructure offers personalized support, competitive pricing, FX flexibility and direct bank deposits for high-net-worth individuals, corporations and financial institutions.

• The platform recorded six consecutive quarters of growth since Q3 2023; Q1 year-over-year growth was 200%, with 20% quarter-over-quarter growth.

• Product enhancements include instant 24/7 bank deposits and upcoming limit orders, alongside plans to distribute products through partners.

Capital raise and use of proceeds

• A directed share issue seeks at least SEK 85 million at SEK 0.1036 per share, with pre-commitments covering the minimum offer size.

• Net proceeds from current and future capital raises are earmarked for Bitcoin purchases, with an initial balance-sheet target of up to 1,000 BTC.

• Bitcoin holdings are intended to improve brokerage margins, support new products and help secure larger institutional partners while retaining BTC exposure.

• The offer price matches the 17 June 2025 closing price; pre-commitments include EUR 100,000 from CEO Torbjørn Bull Jenssen through Muunilinst AS.

• The current round is guaranteed at least $8.5 million; $6 million has previously been raised from key shareholders.