Swedish Health Tech H100 Raises $10M to Expand Bitcoin Holdings

Swedish health tech company H100 Group AB has raised approximately $10.6 million to accelerate its Bitcoin treasury strategy, leading to a 45% surge in its stock price and a total increase of about 280% since announcing the strategy in late May. The funding was secured through two share issues worth around $7.3 million and interest-free convertible loans totaling $3.3 million, with significant participation from Bitcoin advocates including Blockstream CEO Adam Back and Nordic investment firms. The company plans to use the proceeds to purchase roughly 67 more Bitcoins, adding to its existing 13.95 BTC holdings, which would bring the total to around 81.85 BTC. H100 is the first publicly traded Swedish firm to adopt a Bitcoin treasury strategy, joining a growing trend of companies globally integrating Bitcoin into their balance sheets. The convertible loans mature in five years and can be converted into equity under specified terms, reflecting investor confidence in H100's approach. CEO Sander Andersen emphasized the alignment between the company's health-focused mission and its Bitcoin strategy, positioning H100 among early European firms embracing crypto assets.