Swedish well being tech agency H100 Group AB rose 45% on Wednesday after asserting it raised 101 million Swedish krona ($10.6 million) to speed up the agency’s Bitcoin treasury technique.
H100 closed at 4.64 krona ($0.49) on the Nordic Progress Market inventory trade, bringing its share worth development to 280% since asserting its Bitcoin (BTC) technique on Might 22, MarketWatch knowledge exhibits.
The $10.6 million elevate is almost 5 occasions bigger than its earlier $2.2 million elevate led by Bitcoin cypherpunk Adam Again on Might 25.
Extra firms have gotten Bitcoin firms by the week
H100’s newest elevate to purchase extra Bitcoin displays a rising development amongst publicly traded companies around the globe which can be including Bitcoin to their steadiness sheets.
A complete of 126 company firms have carried out so, together with 14 new companies in three weeks, BitcoinTreasuries.NET knowledge exhibits.
$10M elevate to spice up Bitcoin technique
The elevate was break up between two share points value 69.65 million krona ($7.31 million) and convertible loans, contributing 31.35 million krona ($3.29 million).
H100 mentioned web proceeds from the 2 “share points shall be used to speed up the Firm’s Bitcoin treasury technique.”
That would enable the well being and longevity-focused agency to purchase round 67.1 Bitcoin — including to its current 13.95 BTC and bringing its whole to 81.85 BTC.
The share points noticed participation from Adam Again, Bitcoin funding agency UTXO Administration and several other Nordic funding companies like Race Ventures Scandinavia and Crafoord Capital Companions.
Associated: Bitcoin worth prepares for volatility as spot provide vanishes
The convertible loans carry no curiosity and mature in 5 years. Traders can convert the loans into fairness at 1.75 krona per share, H100 mentioned.
The elevate, known as “Tranche 1,” was bumped as much as 31.35 million krona after initially being agreed on at 21 million krona.
H100 says its method to well being and Bitcoin aligns
H100 sells well being instruments for people who don’t need to depend on the “reactive well being system,” the corporate’s CEO, Sander Andersen, mentioned on Might 22 when H100 introduced its first Bitcoin buy.
“The values of particular person sovereignty extremely current within the Bitcoin neighborhood aligns properly with, and can attraction to, the purchasers and communities we’re constructing the H100 platform for,” Andersen mentioned.
Swedens first well being firm with Bitcoin Treasury technique @H100Group
Supporting the sovereign particular person and preventive well being suppliers 🤝 pic.twitter.com/FSIxQZ81mJ
— Mr.Andersen (@Sanderandersenn) Might 22, 2025
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