In the land of the midnight sun, where health tech meets the wild world of Bitcoin, H100 Group AB has taken flight! On a fateful Wednesday, the firm soared a staggering 45% after announcing it had raised a cool 101 million Swedish krona (or about $10.6 million) to turbocharge its Bitcoin treasury strategy. Who knew health could be so profitable? 💸
Closing at 4.64 krona ($0.49) on the Nordic Growth Market stock exchange, H100 has now seen its share price grow by a jaw-dropping 280% since it first whispered sweet nothings about Bitcoin on May 22. MarketWatch data, the ever-watchful guardian of financial truths, confirms this meteoric rise.
And let’s not forget, this $10.6 million raise is nearly five times the previous $2.2 million raise led by the legendary Bitcoin cypherpunk Adam Back. Talk about a glow-up! 🌟
More companies are becoming Bitcoin companies by the week
H100’s latest financial feat is just a drop in the ocean of a rising trend. Publicly traded firms worldwide are jumping on the Bitcoin bandwagon, adding it to their balance sheets like it’s the latest fashion accessory. A whopping 126 corporate companies have joined the party, with 14 new firms crashing the scene in just three weeks. BitcoinTreasuries.NET is keeping score, and it’s a wild game!
$10M raise to boost Bitcoin strategy
This latest raise was split between two share issues worth 69.65 million krona ($7.31 million) and convertible loans contributing 31.35 million krona ($3.29 million). H100 has declared that the net proceeds from these “share issues” will be used to accelerate its Bitcoin treasury strategy. Because who doesn’t want more Bitcoin? 🤑
With this cash infusion, the health-focused firm could snag around 67.1 Bitcoin, adding to its existing 13.95 BTC and bringing its grand total to 81.85 BTC. That’s a lot of digital gold!
The share issues saw participation from the illustrious Adam Back, Bitcoin investment firm UTXO Management, and several Nordic investment firms like Race Ventures Scandinavia and Crafoord Capital Partners. It’s like a Bitcoin family reunion!
The convertible loans? They carry no interest and mature in five years. Investors can convert these loans into equity at 1.75 krona per share. H100 is making it easy for everyone to join the Bitcoin revolution!
The raise, dubbed “Tranche 1,” was bumped up to 31.35 million krona after initially being set at a modest 21 million krona. Talk about a last-minute upgrade! 🎉
H100 says its approach to health and Bitcoin aligns
H100 is not just about profits; it’s about health tools for those who refuse to be shackled by the “reactive health system.” CEO Sander Andersen proclaimed this on May 22 when H100 made its first Bitcoin purchase. “The values of individual sovereignty highly present in the Bitcoin community align well with the customers and communities we are building the H100 platform for,” he said, probably while sipping a green smoothie. 🥤
Sweden’s first health company with a Bitcoin Treasury strategy @H100Group
Supporting the sovereign individual and preventive health providers 🤝
— Mr. Andersen (@Sanderandersenn) May 22, 2025
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2025-06-12 08:12