Refine Group AB (publ)

REFINE🇸🇪Equity

Refine Group AB is a Swedish digital commerce company that builds and manages lifestyle brands in e-commerce. In July 2025, the company launched a Bitcoin treasury strategy funded through directed share issues totaling SEK 15 million, acquiring BTC as a strategic reserve asset.

BTC Holdings

7.18 BTC

Insufficient history

Stock Price

0.68 kr

180d

Total financing

0.00 SEK

Insufficient history

mNAV

24.36x

180d

BTC Credit

0 bps>10x

Sats/Share

180d

Mkt cap

114.54M SEK

168.44M

Total reserve

4.70M SEK

Leverage

0.0%

Dilution

0.0%

Analytics

Financials

IFRSQuarterlyAs of 2025-12-31

Balance Sheet

Total Assets—

Total Liabilities—

Stockholders' Equity—

Cash & Equivalents—

Total Debt—

Digital Assets—

Income Statement

Revenue26.5M kr▼4.7%

Operating Income—

Net Income8.5M kr▲244.3%

Interest Expense—

Cash Flow

Operating Cash Flow—

Instruments

Recent Changes

Mon, Mar 23, 2026

Shares Outstanding

138.2M→168.4M+30.3M(+21.9%)

19,002,955 shares from warrant exercise (series 2025/2026)

Warrant Exercise Results (Series 2025/2026)

Tue, Dec 30, 2025

Shares Outstanding

139.1M→138.2M-951.6K(-0.7%)

The Share

Fri, Oct 17, 2025

BTC Holdings

6.53→7.18+0.65 BTC(+10.0%)

BTC Holdings Tracker