Sweden’s H100 Group Soars 45% After $10.6M Raise to Expand Bitcoin Holdings

Swedish health tech firm H100 Group AB surged 45% on Wednesday after revealing it raised 101 million Swedish krona (approximately $10.6 million) to expand its Bitcoin treasury strategy. The company’s share price closed at 4.64 krona ($0.49) on the Nordic Growth Market exchange, continuing a meteoric rise of over 280% since first announcing its Bitcoin initiative on May 22, according to MarketWatch. This recent capital raise, significantly larger than its previous $2.2 million round led by prominent Bitcoin advocate Adam Back on May 25, signals the growing confidence of both investors and the firm in Bitcoin as a strategic reserve asset. H100’s embrace of Bitcoin is part of a broader global trend, with over 126 publicly traded companies — 14 of them joining in the past three weeks — now holding Bitcoin on their balance sheets, according to BitcoinTreasuries.NET . $10.6M Raise to Add More Bitcoin to Treasury The funding round was structured into two parts: a 69.65 million krona ($7.31 million) share issuance and 31.35 million krona ($3.29 million) in convertible loans. H100 said that the proceeds would be directed entirely toward accelerating its Bitcoin treasury strategy . Based on current market prices, the firm could use the funds to purchase an estimated 67.1 Bitcoin, increasing its total holdings to 81.85 BTC. Prominent investors in this round included Adam Back, UTXO Management, and regional investment firms such as Race Ventures Scandinavia and Crafoord Capital Partners. The convertible loans, which carry no interest, mature in five years and can be converted into equity at a price of 1.75 krona per share. Initially set at 21 million krona, the tranche was expanded to 31.35 million due to strong investor demand. H100 Introducing Bitcoin to Health Sector H100, which sells health and longevity tools aimed at helping individuals avoid dependency on conventional healthcare systems, sees philosophical alignment between its mission and Bitcoin’s core principles. CEO Sander Andersen noted this synergy in a May 22 statement, emphasizing values such as individual sovereignty and decentralization. “The values of individual sovereignty highly present in the Bitcoin community aligns well with the customers and communities we are building the H100 platform for,” Andersen said. With this bold move, the company becomes one of the few health-focused firms integrating Bitcoin into its financial framework. The post Sweden’s H100 Group Soars 45% After $10.6M Raise to Expand Bitcoin Holdings appeared first on TheCoinrise.com .

Source: The Coin Rise