Sixty Six Capital Secures USDC Loan to Accelerate BTC Acquisition

Sixty Six Capital Inc., a Bitcoin treasury and crypto asset investment company based in Vancouver, British Columbia, has secured a USDC loan to accelerate its Bitcoin acquisition. The company entered into a short-term financing and BTC settlement agreement with K33 Holding AS, borrowing USDC $2 million at 6.95% interest, maturing on September 30, 2026.

The funds will be used to purchase 24.90273595 Bitcoin, with K33 retaining the right to sell the BTC if the loan is not repaid. This arrangement allows Sixty Six Capital to reduce market timing risk while its own funds from a recent Bitcoin ETF sale are in transit.

According to Canadian securities rules, the transaction is classified as a related party deal because K33 is a control person of the company. However, Sixty Six Capital is relying on exemptions for loans on reasonable commercial terms that are not convertible into equity.