Fragbite becomes first Swedish gaming firm to launch BTC treasury

Key Points

1. Fragbite Group acquired 4.3 BTC for $486,719 (SEK 6.63 million) at an average price of $112,958 per BTC as part of its new Bitcoin treasury strategy.

2. The purchase was funded via an interest-free convertible loan of SEK 6 million ($630,000), maturing in 2030, with a conversion clause tied to Fragbite’s share price performance.

3. The loan structure provides a flexible, low-cost method for building digital reserves while minimizing short-term financial risk.

4. Fragbite’s move reflects a long-term diversification strategy, aligning with broader financial market trends toward digital assets.

5. Fragbite is among the early corporate adopters of Bitcoin in Europe, where adoption has been slower compared to global firms like MicroStrategy and Tesla.