H100 Group Soars 37% After Bitcoin Purchase Amid Rising BTC Buys

Two publicly listed companies—Sweden’s H100 Group AB and China’s Jiuzi Holdings—have made bold strides into Bitcoin this week, signaling the continued trend of corporations adopting cryptocurrency as a strategic asset. H100’s first BTC acquisition led to a sharp rise in its stock price, while Jiuzi announced an ambitious plan to accumulate 1,000 BTC over the next 12 months. H100 Kicks Off “Phase 1” with $490K Bitcoin Buy On May 22, health tech company H100 revealed that it had purchased 4.39 BTC for approximately 5 million Norwegian krone (around $490,830), paying an average price of $111,785 per BTC. Following the announcement, shares in H100 surged 37%, closing at 1.22 Swedish krona ($0.13) on the Nordic Growth Market, according to Bloomberg data . The dramatic jump in share price marks a partial recovery from the 46% drop the company’s stock experienced over the past two months. H100 CEO Sander Andersen explained that the move reflects the company’s alignment with Bitcoin’s philosophy of individual sovereignty. “The values of individual sovereignty highly present in the Bitcoin community align well with, and will appeal to, the customers and communities we are building the H100 platform for,” he stated. Andersen also hinted at future BTC investments, calling the current acquisition “Phase 1.” H100’s focus is on offering health tools to individuals seeking alternatives to traditional, reactive healthcare systems—an ethos that seemingly resonates with Bitcoin’s decentralized ideals. Jiuzi Holdings Eyes Aggressive BTC Accumulation Also on May 22, Nasdaq-listed Jiuzi Holdings announced that its board had approved a plan to acquire up to 1,000 BTC over the coming year. The Chinese electric vehicle retailer said it would fund the purchases through a mix of stock issuance and cash reserves. CEO Tao Li acknowledged Bitcoin’s notorious volatility but emphasized its potential to improve the company’s asset structure, resilience to economic shocks, and overall profitability. The market responded modestly to the news, with Jiuzi (JZXN) stock rising 7.3% to $3.09. These moves come amid a broader trend of Bitcoin adoption among publicly traded firms . According to BitcoinTreasuries.NET, 109 public companies now hold BTC on their balance sheets, signaling a growing acceptance of the digital asset as a long-term store of value and treasury reserve strategy. The post H100 Group Soars 37% After Bitcoin Purchase Amid Rising BTC Buys appeared first on TheCoinrise.com .

Source: The Coin Rise