Bitcoin’s Growing Corporate Adoption: K33 Joins the Treasury Movement

Oslo-based cryptocurrency brokerage and research firm K33 has made a significant move by adopting a Bitcoin treasury strategy, securing $6.2 million worth of BTC through a mix of newly issued shares and debt. This development underscores the growing trend of corporations integrating Bitcoin into their financial strategies. K33 CEO Torbjørn Bull Jenssen expressed strong belief in Bitcoin’s future role in the global financial system, highlighting the firm’s conviction in the digital asset’s potential. As of May 29, 2025, Bitcoin’s price stands at 107,559.79 USDT, reflecting the ongoing bullish sentiment in the market. This article delves into the implications of K33’s decision and the broader trend of corporate Bitcoin adoption.

Bitcoin Treasury List Grows With Entry of Crypto Brokerage K33

Oslo-based K33, a cryptocurrency brokerage and research firm, has joined the growing roster of companies adopting Bitcoin treasury strategies. The firm secured financing to purchase $6.2 million worth of BTC through a combination of newly issued shares and debt.

"We strongly believe bitcoin will become an instrumental part of the global financial system," said K33 CEO Torbjørn Bull Jenssen. The move reflects both conviction in BTC as an investment and its strategic value for the brokerage’s operations.

Corporate Bitcoin treasuries continue gaining momentum, contributing to the cryptocurrency’s recent price appreciation. K33’s decision mirrors a broader trend of institutional adoption, with companies increasingly viewing BTC as a Core balance sheet asset.

Quantum Computing Threat to Bitcoin Sparks Industry Response

BlackRock and Google have reignited concerns about quantum computing’s potential to compromise Bitcoin’s cryptographic security. The investment giant’s recent warning highlights vulnerabilities in the Bitcoin network, specifically targeting the ECC encryption used to secure wallets. Google researchers echoed these concerns, pointing to the theoretical ’Q Day’ when quantum computers could crack existing protocols.

Decentralized post-quantum infrastructure CEO David Carvalho acknowledges the legitimacy of quantum threats but emphasizes the technology’s current limitations. "While quantum threats to cryptography are real, the timeline matters," notes industry observer @agentic_t. "Current quantum computers are nowhere NEAR breaking Bitcoin’s cryptography."

The crypto industry isn’t waiting idly. Several wallet providers now market quantum-resistant solutions, leveraging ongoing research in post-quantum cryptography. This proactive approach mirrors broader tech sector preparations for quantum supremacy.

GameStop Makes Strategic $513 Million Bitcoin Investment

GameStop has entered the cryptocurrency arena with a landmark $513 million purchase of 4,710 bitcoins. This MOVE signals a fundamental shift in strategy for the video game retailer, allocating 10.7% of its cash reserves to digital assets. The investment follows March’s adoption of Bitcoin as a strategic reserve asset.

Market reaction was immediate, with GameStop shares surging 18% on the announcement. The purchase was funded through a $1.3 billion convertible bond offering, demonstrating serious commitment rather than speculative dabbling. This contrasts with the company’s abandoned 2022 NFT marketplace experiment, which fell victim to regulatory uncertainty.

GameStop Confirms $513M Bitcoin Investment

GameStop has officially entered the digital asset space with a $513 million Bitcoin purchase. The company acquired 4,710 BTC, though the exact timing and price remain undisclosed. This move follows months of speculation after GameStop’s March announcement of plans to allocate capital into Bitcoin, funded by a $1.3 billion convertible notes offering.

The investment mirrors a growing corporate trend of Bitcoin treasury adoption, pioneered by MicroStrategy. From Japan’s Metaplanet to Brazil’s Meliuz, publicly traded firms worldwide are increasingly embracing Bitcoin as a reserve asset. GameStop’s pivot from meme stock to digital treasury strategy marks a significant evolution in its corporate reinvention.

NYC Mayor Eric Adams Advocates for Bitcoin-Friendly Policies at Bitcoin 2025

New York City Mayor Eric Adams made a bold appeal at Bitcoin 2025 in Las Vegas, calling for the abolition of New York’s controversial BitLicense regime. The mayor positioned NYC as a welcoming hub for crypto businesses, urging them to return to the Empire State. "We’re saying to you, come back home," Adams declared, reinforcing his self-proclaimed identity as ’the bitcoin mayor.’

The proposed elimination of BitLicense—a regulatory framework long criticized for stifling innovation—signals a potential paradigm shift in New York’s approach to digital assets. Adams balanced his pro-crypto stance with cautious recognition of regulatory necessities, acknowledging the importance of SAFE regulations while warning against overreach.

In a notable development, the mayor floated the concept of a ’BitBond’—a municipal bond instrument potentially backed by bitcoin. This innovative financial product could establish New York as a pioneer in cryptocurrency-based public financing.