Swedish Refine Group Launches $1M Bitcoin Treasury Strategy
2025-07-16 15:01:59
Main Idea
Swedish digital commerce company Refine Group AB has launched a Bitcoin treasury strategy backed by $1 million in fresh capital, raising 10 million Swedish krona through a directed share issue.
Key Points
1. Refine Group AB raised 10 million Swedish krona through a directed share issue to fund its initial Bitcoin purchases.
2. The company introduced a new performance metric, 'Bitcoin per Share,' to track its Bitcoin holdings.
3. Caldas Capital, led by entrepreneur João Caldas, emerged as the largest participant in the funding round.
4. The share issuance will increase Refine’s outstanding shares from 67.5 million to 121.9 million, resulting in approximately 45% dilution for existing shareholders.
5. Refine Group joins other publicly-traded firms like MicroStrategy and Japan’s Metaplanet in adopting Bitcoin treasury strategies.
Description
Swedish digital commerce company Refine Group AB has launched a Bitcoin treasury strategy backed by $1 million in fresh capital. The Stockholm-based company raised 10 million Swedish krona through a directed share issue to fund its initial Bitcoin purchases, establishing a new Digital Assets business area alongside its existing Products and Digital Services divisions. Refine’s board of directors resolved to issue 54.37 million shares at 0.1839 krona per share, representing a 20% discount to the ...
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