Sweden’s Fragbite Group Makes Bold Move: Allocates 5 Million SEK to Bitcoin Treasury

Stockholm-based Fragbite Group just placed a big bet on Bitcoin—and traditional bankers are clutching their pearls.

The 5 million SEK play

No hedging, no ETFs—just cold, hard BTC hitting their balance sheet. While legacy finance still debates ‘digital gold,’ Scandinavian firms are quietly stacking.

Why this stings Wall Street

Another corporate treasury bypasses bonds and stocks for decentralized hard money. Bonus jab: Your 0.5% yield savings account just got even sadder.

Favorable Terms and Strategic Direction

The conversion price comes with a 13.4% premium compared to the share price prior to the agreement. On top of that, the loan features a zero-interest structure and a lock-up period. Both the Company and the investors have the option to initiate conversion once the necessary conditions are fulfilled.

Fragbite sees this move as a foundation for building a strong capital structure through bitcoin exposure. Consequently, the Company will introduce a new metric—Bitcoin per Share—in its upcoming financial report.

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