By admin 
Shares in Swedish well being tech firm H100 Group AB rose 37% after it stated it bought Bitcoin for the primary time as a part of a brand new technique, whereas China’s Jiuzi Holdings revealed its plan to stack 1,000 Bitcoin over the following yr.
H100 said on Could 22 that it spent 5 million Norwegian krone ($490,830) shopping for 4.39 Bitcoin (BTC) at a mean buying worth of round $111,785.
The corporate’s shares closed Could 22 buying and selling up 37% to 1.22 Swedish krona ($0.13) on the Nordic Growth Market following its disclosure of its Bitcoin buy, Bloomberg data reveals.
The robust buying and selling day recovered some losses from the previous two months, throughout which the agency’s shares have fallen by over 46%.
The agency’s CEO, Sander Andersen, stated he believes “the values of particular person sovereignty extremely current within the Bitcoin group aligns properly with, and can attraction to, the purchasers and communities we’re constructing the H100 platform for.”
H100 sells health tools for people who don’t wish to depend on the “reactive well being system,” Andersen said in a separate X submit.
Andersen marked the primary Bitcoin announcement and buy as “Section 1,” hinting at additional buys.
China’s Jiuzi Holdings to stack 1,000 Bitcoin
In the meantime, on Could 22, the Nasdaq-listed Chinese language electric vehicle retailer Jiuzi Holdings said its board permitted a plan to purchase 1,000 Bitcoin over the following yr by way of extra inventory issuance and money purchases.
Associated: Bitcoin continues rally to surpass $110K for the first time
The corporate’s CEO, Tao Li, acknowledged the volatility that comes with investing in Bitcoin however is hopeful the transfer will strengthen the agency’s asset construction, threat resistance and profitability.
Jiuzi (JZXN) rose 7.3% to $3.09 on Could 22, Google Finance data reveals — a relatively minor rise in comparison with different public corporations which have lately introduced Bitcoin buys.
Adopting Bitcoin as a treasury asset has turn out to be an more and more well-liked pattern of late, with 109 public corporations now holding the cryptocurrency on their stability sheets, according to BitcoinTreasuries.NET information.
Journal: Crypto fans are obsessed with longevity and biohacking: Here’s why