K33 AB (publ) (K33) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this Q3 presentation for K33. My name is Torbjørn Bull Jensen and I'm the CEO of K33. At K33, we help private individuals, family offices, corporate clients and financial institutions buy, sell and store cryptocurrency without worry. And speaking of worry, right now there are a lot of investors who are worried. Bitcoin has fallen sharply recently, and their market sentiment is deteriorating. If you look at the year overall, Bitcoin has actually been flat. So many ask themselves, was this it? Was Bitcoin kind of a momentum trade, and now the momentum is gone? At K33, we view it very differently. Because while Bitcoin has been falling recently, We continue to see important news from big financial institutions, from sovereign wealth funds. We see an adoption of Bitcoin as a financial instrument continuing at full pace. And it's this underlying adoption which will be the driver for the development of both Bitcoin prices and the whole sector in the years to come. And it has never looked better. And this is exactly why at K33 we continue to buy and hold Bitcoin. We now hold 141 Bitcoin on our balance sheet, and we are slowly working our way towards our goal of 1,000 Bitcoin. There are two reasons why we are buying and holding Bitcoin. One is that we are strong believers that Bitcoin will be a key part of the global financial infrastructure in the future. And we think that Bitcoin will have the best return going forward. But as importantly, as a broker, Bitcoin is for us a key enabler. We can put our balance sheet to work using Bitcoin as collateral in our matched principal trading. and kind of accelerate our product development and strengthen our operations by having a strong balance sheet. And when you look at K33, the operation is the main val...