TechFlow News, May 21: According to K33’s official announcement, K33 AB (publ) released its Q1 2026 interim report on May 21, 2026. Q1 revenue reached 739,822 kSEK, representing a 64% year-on-year increase and a 73% quarter-on-quarter increase, despite an approximately 15% decline in overall spot market trading volume during the period. K33 Markets’ rolling 12-month trading volume amounted to approximately SEK 2.7 billion. Affected by the decline in Bitcoin’s price, the quarter’s net loss widened to -35,815 kSEK (compared to -4,033 kSEK in the same period last year), with EBITDA at -6,103 kSEK.
At the operational level, K33 launched a crypto-asset-backed lending service this quarter, completed a major platform upgrade with full integration into banking systems, and expanded its Bitcoin strategic exposure by acquiring a 46% equity stake in Sixty Six Capital. The company stated it is prepared for MiCA compliance approval and expects to receive such approval by the end of Q2. Following the end of the quarter, Bitcoin’s price rebounded significantly, positively impacting the value of the Group’s Bitcoin exposure.
