Swedish Gaming Firm Fragbite Group Embraces Bitcoin for financial Stability
Fragbite Group, a Swedish gaming and web3 company, is taking a bold step into the crypto world. The company plans too create a Bitcoin treasury to protect its financial health. This move aims to secure its balance sheet against future uncertainties.
The company’s board has approved a new strategy. They will invest some of its corporate funds in Bitcoin. The firm sees Bitcoin as more than just an inflation hedge. It views it as a global monetary system that could change how businesses store value.
To manage this new venture, they’ve hired a new Treasury Director. Patrik von Bahr, a Bitcoin enthusiast, will lead this initiative.He believes that early adoption will bring significant shareholder value.
They will raise capital by issuing zero-interest convertible bonds worth $530,
