Swedish health tech company H100 Group AB increased 45% on Wednesday after revealing it raised 101 million Swedish krona ($ 10.6 million) to speed up the company’s Bitcoin treasury method.
H100 closed at 4.64 krona ($ 0.49) on the Nordic Development Market stock market, bringing its share cost development to 280% because revealing its Bitcoin (BTC) method on Might 22, MarketWatch information programs.
The $10.6 million raise is almost 5 times bigger than its previous $2.2 million raise led by Bitcoin cypherpunk Adam Back on Might 25.
More business are ending up being Bitcoin business by the week
H100’s newest raise to purchase more Bitcoin shows an increasing pattern amongst openly traded companies worldwide that are including Bitcoin to their balance sheets.
An overall of 126 business business have actually done so, consisting of 14 brand-new companies in 3 weeks, BitcoinTreasuries.NET information programs.
$ 10M raise to enhance Bitcoin method
The raise was divided in between 2 share problems worth 69.65 million krona ($ 7.31 million) and convertible loans, contributing 31.35 million krona ($ 3.29 million).
H100 stated net earnings from the 2 “share problems will be utilized to speed up the Business’s Bitcoin treasury method.”
That might enable the health and longevity-focused company to purchase around 67.1 Bitcoin– contributing to its existing 13.95 BTC and bringing its overall to 81.85 BTC.
The share problems saw involvement from Adam Back, Bitcoin financial investment company UTXO Management and numerous Nordic financial investment companies like Race Ventures Scandinavia and Crafoord Capital Partners.
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The convertible loans bring no interest and fully grown in 5 years. Financiers can transform the loans into equity at 1.75 krona per share, H100 stated.
The raise, called “Tranche 1,” was bumped approximately 31.35 million krona after at first being settled on at 21 million krona.
H100 states its technique to health and Bitcoin aligns
H100 offers health tools for people who do not wish to count on the “reactive health system,” the business’s CEO, Sander Andersen, stated on May 22 when H100 revealed its very first Bitcoin purchase.
” The worths of private sovereignty extremely present in the Bitcoin neighborhood lines up well with, and will attract, the consumers and neighborhoods we are developing the H100 platform for,” Andersen stated.
Swedens very first health business with Bitcoin Treasury method @H100Group
Supporting the sovereign person and preventive health service providers pic.twitter.com/FSIxQZ81mJ
— Mr.Andersen (@Sanderandersenn) May 22, 2025
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