In a decision that could only be described as a bureaucratic marvel, Safello has been crowned Fragbite Group AB (publ)’s “Preferred Partner” for Bitcoin trading and other crypto-related theatrics as Fragbite embarks on its noble quest to establish a corporate Bitcoin Treasury. 🏰
Announced on the fateful day of 17 October 2025, this agreement sees Fragbite – a Nasdaq First North-listed Swedish gaming and esports entity, no less – clutching its modest stash of 19.75 BTC and dreaming of the day it amasses 100 BTC by the year’s end. Lo, roughly 80 BTC shall be purchased through Safello’s platform in Q4 2025. A truly Herculean task, indeed. 💪
This partnership, laden with gravitas, aims to position Safello as the go-to regulated counterparty for listed companies and institutions thirsting for digital asset exposure. Safello, ever the humble servant, flaunts its MiCA licence and corporate service offerings. Emelie Moritz, Safello’s CEO, and Fragbite Group’s Stefan Tengvall both waxed poetic about the collaboration, proclaiming it a perfect alignment of Fragbite’s strategic vision and Safello’s lofty status in the Swedish market. 🌟
FAQ 🧭
- What is the partnership about? – Safello will act as Fragbite Group’s preferred partner for Bitcoin trading and crypto services for its corporate Bitcoin Treasury. 📈
- How many bitcoins does Fragbite aim to hold? – Fragbite targets 100 BTC by 31 December 2025, currently holding about 19.75 BTC. 🏦
- When will the remaining purchases occur? – Approximately 80 BTC are planned to be bought via Safello during Q4 2025. 📅
- Why was Safello chosen? – Safello is a regulated MiCA‑licensed exchange positioned as a trusted counterparty for Swedish corporates. 🇸🇪
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2025-10-19 11:13