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Swedish well being tech agency H100 Group AB rose 45% on Wednesday after saying 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 Development Market inventory trade, bringing its share worth progress to 280% since saying its Bitcoin (BTC) technique on Could 22, MarketWatch data reveals.
The $10.6 million raise is almost 5 occasions bigger than its earlier $2.2 million raise led by Bitcoin cypherpunk Adam Again on Could 25.
Extra firms have gotten Bitcoin firms by the week
H100’s newest elevate to purchase extra Bitcoin displays a rising pattern amongst publicly traded firms around the globe which are including Bitcoin to their stability sheets.
A complete of 126 company firms have executed so, together with 14 new corporations in three weeks, BitcoinTreasuries.NET data reveals.
$10M elevate to spice up Bitcoin technique
The elevate was cut up between two share points price 69.65 million krona ($7.31 million) and convertible loans, contributing 31.35 million krona ($3.29 million).
H100 stated internet proceeds from the 2 “share points can be used to speed up the Firm’s Bitcoin treasury technique.”
That might permit the well being and longevity-focused agency to purchase round 67.1 Bitcoin — including to its present 13.95 BTC and bringing its whole to 81.85 BTC.
The share points noticed participation from Adam Again, Bitcoin funding agency UTXO Management and a number of other Nordic funding corporations like Race Ventures Scandinavia and Crafoord Capital Companions.
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The convertible loans carry no curiosity and mature in 5 years. Buyers can convert the loans into fairness at 1.75 krona per share, H100 stated.
The elevate, referred to 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 health tools for people who don’t wish to depend on the “reactive well being system,” the corporate’s CEO, Sander Andersen, said on Could 22 when H100 introduced its first Bitcoin purchase.
“The values of particular person sovereignty extremely current within the Bitcoin neighborhood aligns properly with, and can enchantment to, the shoppers and communities we’re constructing the H100 platform for,” Andersen stated.
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) May 22, 2025
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