The Swedish company for company health technology H100 Group AB has collected 21 million SEK (USD 2.2 million) to buy Bitcoin for his business treasury and becomes the first listed company in Sweden to hire this strategy.
The financing round was led by Blockstream CEO and Bitcoin veteran Adam Back, who personally invested $ 1.4 million. This bold move runs heads on health technology and financial worlds and can inspire even more companies throughout Europe to follow the example.
Supported by Bitcoin -Pionier Adam Back
Adam Back, a respected figure in the Bitcoin space and CEO of Blockstream, led the financing round with a personal contribution of $ 1.4 million. The rest of the capital – $ 800,000 – came from investment companies, including Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB and Crafoord Capital Partners.
The funds were collected by convertible loans with zero interest, ripening on June 15, 2028. These loans can be converted into H100 shares at a price of 1.3 sex (approximately 11 American cents) per share.
Bitcoin strategy in action
H100 did not waste time. The company announced its Bitcoin Treasury strategy on 22 May and immediately bought 4.39 BTC. With the newly collected funds, it is planning to buy around 20.18 more Bitcoin, making it total interest to around 24.57 BTC.
The market responded quickly. The shares of H100 rose 37% on the day of the announcement, followed by another profit of 5.33% the next day, which, according to Bloomberg data, closed at 1.29 SEK (14 US cents).
The first public company of Sweden to hold Bitcoin
The H100 movement marks a scoop for Sweden. No other public company in the country has added Bitcoin to his business treasure box. According to data from Bitcointreasuries.net, only about ten public companies in Europe currently have Bitcoin, with 112 companies that do this worldwide.
CEO Sander Andersen explained the reasoning behind the move. H100 develops health tools for people who prefer to avoid traditional health care systems. He believes that Bitcoin’s values of personal freedom and decentralization are closely matching the mission of H100.
MicroStratey continues its Bitcoin -Koopspree
While H100 is just starting, Micrstrategy is already deep in the Bitcoin game. On 19 May the company acquired another 7.390 Bitcoin Worth almost $ 765 million. That brings its total to a striking 576,230 BTC.
Co-founder Michael Saylor hinted on more purchases and said he only buys Bitcoin with money that he cannot afford to lose. His comments followed the fall in Bitcoin from its peak of 22 May of $ 112,000.
Financial analyst Jeff Walton believes that the daring Bitcoin strategy of MicroStrategy could ultimately push the appreciation of the company $ 10 trillion. The company has made Bitcoin purchases for seven weeks from 26 May.
Cardone Capital Mixes Bitcoin with Miami Real Estate
Another sign of growing interest in Bitcoin is the newest fund from Cardone Capital. The company recently launched its fourth hybrid investment project, the 10x Miami River Bitcoin Fund, which combined $ 15 million in Bitcoin with an apartment complex of 346 units in Miami. The idea is to use rental income to gradually collect more Bitcoin over time.
Does H100 set a new trend?
H100’s Bitcoin investment of $ 2.2 million, led by Adam Back, is also a sign of what is coming. With 24.57 BTC already on its books and a rising share price, H100 has positioned itself as a pioneer in both the Health Tech and Bitcoin spaces.