The week's news from the unlisted shares on Eqvor: GreenGold's CFO on why forest land works as an asset class, Incore Invest putting SEK 61 million into Mynt and Blykalla seeking state support for its second reactor park. Plus Instabee's two recruitments, Snigel's own web shop, Epidemic Sound in Claude and August's top list.
Strategy
GreenGold Group — the CFO on the forest as an asset and a possible listing
CFO and head of IR Gustav Wetterling was interviewed on 1 September.
From the interview
- Biological growth — the forest grows every year regardless of the market and interest rates.
- Longevity — the trees, the demand and the land will still be there in 30 years.
- Romania — second-largest private forest owner, after IKEA.
- Listing — if the company is listed, Nasdaq Stockholm's main market appears best suited. He says nothing about when that would happen.
Source: GreenGold Group, interview with CFO and head of IR Gustav Wetterling published on 1 September 2026.
To the GreenGold Group share →
Financing
Mynt — Incore Invest invests SEK 61 million
Investment 61 MSEK purchase of existing shares | Business customers 20,000+ in the Nordics, passed in 2025 | Price per share Not stated no price in the announcement |
On 2 September Incore Invest bought existing shares in Mynt for SEK 61 million — a follow-on investment in a company already in its portfolio. Mynt combines company cards with automated spend management linked directly to the bookkeeping, has its own e-money licence and is embedded in Fortnox, Visma and Accountor. A partnership with Nordea from 2025 is to deliver a corporate credit card built on Mynt across the Nordics.
Source: Incore Invest, press release on 2 September 2026.
Company news
Blykalla — three announcements in one week
1. The annual report for 2025
| Blykalla | 2025 | 2024 | Change |
|---|---|---|---|
| Cash and bank, MSEK | 445 | 72.8 | +511% |
| Equity, MSEK | 464.7 | 128.7 | +261% |
| Operating cash flow, MSEK | −87.2 | −28.1 | −59.1 |
| Equity ratio, % | 82.9 | 82.8 | +0.1 pp |
| Average number of employees | 38 | 20 | +90% |
The year reports a capital raise of around USD 50 million with Nasdaq-listed Oklo as lead investor — 227 MSEK in new share issues and 207 MSEK in convertible loans, the latter classified as equity. The company is in a development phase and does not yet generate positive cash flows; the board considers that the funds secure financing according to the current plan. During the year, test rigs were put into operation at ARTS outside Oskarshamn together with Uniper.
2. Application for state support for Tierp — 31 August
The subsidiary Untra Nuclear Power applied for state investment support for a park of six to eight SEALER-55 reactors in Tierp. With eight units, the output would be 440 MWe and annual production 3.68 TWh — around 18 per cent of Sweden's target of 2,500 MW of new nuclear power by 2035.
3. Technical centre in Austin — 1 September
A technical centre opened in Austin, Texas, with engineering and reactor development teams. The New York office remains the US headquarters and handles strategic partnerships, regulatory matters and commercial deployment.
Source: Blykalla AB, annual report for 2025 and press releases on 31 August and 1 September 2026.
Recruitment
Instabee — two senior recruitments in three days
Oscar Nilsson becomes Managing Director Finland and will lead the Finnish business, which operates under the Budbee brand. He comes from Wolt, where he most recently led Wolt Market in Finland, after 4.5 years at Wolt and DoorDash. Two days later, Daniel Gustafsson Raba was presented as Senior Director Operations, recruited from foodora Sweden.
Source: Instabee Group, press releases on 1 and 3 September 2026.
Launch
Snigel — web shop direct to private individuals
On 25 August Snigel opened its own web shop at snigel.shop for private individuals in selected European markets. The channel complements the reseller network — defence organisations and the police remain the core of the business. The range is a selection from the company's categories, and a limited-edition Plate Carrier is being released in connection with the launch.
Source: Snigel, press release on 25 August 2026.
Launch
Epidemic Sound — the catalogue moves into Claude
Epidemic Sound's MCP connection is now live in Claude's directory. Subscribers can search the catalogue's more than 300,000 tracks and sound effects, listen, download and create versions without leaving the conversation. The fact that the company owns the rights to the entire catalogue is what makes the connection useful: everything produced can be published without licensing issues. It is also available in Cursor and ChatGPT.
Source: Epidemic Sound, press release dated 31 August 2026.
Rebalancing
Virtune — rebalancing of two indices
| ETP | Change in August |
|---|---|
| Virtune Crypto Altcoin Index ETP | +18.35% |
| Virtune Coinbase 50 Index ETP | +26.12% |
In the altcoin index, the ten holdings were reset to 10.00 per cent each. In Coinbase 50, Bitcoin was raised from 47.81 to 50.00 per cent and Ethereum was lowered from 30.44 to 28.84 per cent. No assets were replaced in either index.
Source: Virtune AB, press releases on 1 and 2 September 2026.
Eqvor
The top list for August has been compiled
Most traded unlisted shares · August 2026
| 1 |  | Blykalla | ↑ 28.0% |
| 2 |  | Doktor.se | 0.0% |
| 3 |  | Koenigsegg | ↓ 3.8% |
| 4 |  | Hasko Invest | ↑ 16.7% |
| 5 |  | Nordiska | ↑ 6.1% |
Largest increase in August: Voi, up 35.0%. Largest decrease: Virtune, down 20.0%. Neither of them is among the five most traded.
Blykalla was the most traded share on Eqvor in August and rose 28.0 per cent during the month.
Source: Eqvor's trading data, August 2026.
