Swedish Refine Group Follows In Strategys Footsteps: Initiates $1M Bitcoin Treasury Strategy

Swedish digital commerce firm Refine Group has initiated a Bitcoin treasury strategy, allocating $1 million to Bitcoin. They've also launched a new Digital Assets division. To fund this move, Refine issued new shares, raising 10 million Swedish Krona, which resulted in a 45% dilution for existing shareholders. Caldas Capital is now the company's largest shareholder following this capital realignment. Refine plans to track performance using a "Bitcoin per Share" metric. The company aims to diversify away from fiat currency and position itself within the web3 ecosystem.