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Q2 2026 Licensed. Ready to expandMiCAauthorization marks keymilestone as K33 advancesEuropean strategy
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K33 –Built for businesses and investors •Professional executionTight spreads, no trading fees and institutional-grade liquidity •Fiat flexibilityDirect bank transfers and native support for 8 fiat currencies •Custody and lendingSecure custody and crypto-backed loans for eligible clients •Research and dedicated supportK33 research, a named client manager and real assistance when needed K33 Company PresentationK33.com 02
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Q2: Mica license and preparing for European expansion K33 Company PresentationK33.com 03 •H1 revenue increased 10% to 932.8 MSEK•Q2 revenue was 192.9 MSEK amid materially lower market activity•MiCAauthorization secured on 16 June 2026•Passporting initiated in Sweden, Denmark, Finland and Germany•Sixty Sixrelationship deepened and BTC exposureincreasedwitha 200 BTC calloption•CboeEurope admission announced
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Market activity contracted sharply in Q2 •BTC closed Q2 at USD 58,524, down 14.2% •Global BTC spot volumes fell 28% in Q2 •Low volatility and subdued activity continued into Q3 •Lower volumes reduced activity on K33’s platform K33 Company PresentationK33.com 04
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H1 growth despite a softer Q2 •H1 revenue was 932.8 MSEK, up 10%•Q2 revenue was 192.9 MSEK•Q2 adjusted EBITDA was -4.6 MSEK •Around 14 MSEK of the Q2 loss related to unrealized BTC valuation eects K33 Company PresentationK33.com 05
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K33 Markets remained above SEK 2bn K33 Company PresentationK33.com 06 •12-month rolling trading volume stayed above SEK 2bn •Activity moderated with lower BTC volumes and investor interest •Commercial focus remains onlarger private clients, corporates and institutions Including trading volume from related parties and group companies
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MiCA enables European expansion K33 Company PresentationK33.com 07 Licensed on 16 June. Passporting underway.•MiCA authorization received from the Norwegian FSA on 16 June 2026•After quarter-end, K33 passported into Sweden, Denmark, Finland and Germany•Expands the addressable market without changing K33’s client focus•The foundation is in place; commercialization is now the priority
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BTC exposure increased and Sixty Six relationship deepened •K33’s eective Bitcoin exposure was approximately 167.5 BTC at quarter-end•Sixty Six engaged K33 for management services, sold its Bitcoin ETF exposure and is moving its Bitcoin holdings on-chain through K33.•Post-quarter, a K33-facilitated option gave Sixty Six exposure to up to 200 BTC and K33 approximately 92 BTC of potential look-through exposure•The relationship demonstrates a potentially scalable corporate Bitcoin modelK33 Company PresentationK33.com 08
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Licensed to scale. K33 Company PresentationK33.com 09 The focus now is turning our regulated platform into accelerated commercial growth.•Expanding distribution through European partnerships•Developing new features and services for our core client segments•Building for a digital asset market we believe is still in its early stages