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Fragbite Group has reached a financing agreement of 5 million Swedish Krona, aimed at supporting the purchase of Bitcoin.
Odaily News Fragbite Group, a publicly listed company in Sweden, announced that it has reached a financing agreement of 5 million Swedish kronor, with investors being a group of shareholders of the company, including the company's CFO Patrik von Bahr (investing approximately 1 million Swedish kronor). It is reported that this fundraising is intended for the purchase of Bitcoin to support its newly established Bitcoin Treasury. Fragbite Group plans to hold a special shareholders' meeting to make the necessary resolutions regarding this financing agreement after releasing its next interim report for the second quarter of 2025. (MarketScreener)