From Cointelegraph

May 25, 2025 8:37 PM:

Blockstream CEO Adam Back led a $2.2 million funding round in Swedish health tech company H100 Group AB, which plans to buy Bitcoin. The funds come from 0% interest convertible loans, with Back contributing $1.4 million. This move will add to H100’s existing 4.39 Bitcoin, bringing their total stash to 24.57 Bitcoin.

The convertible loans will mature on June 15, 2028, with a conversion rate of 1.3 Swedish krona per share. If H100’s share price remains above 33% of the conversion price for 60 trading days, they can convert the loan into equity, resulting in 16,153,900 new shares and a 12% dilution.

H100’s announcement of buying Bitcoin boosted their shares by 37% on May 22, followed by a 5.33% increase the next day. The company sells health tools for those seeking alternatives to the traditional health system. This move makes H100 the first public company in Sweden with a Bitcoin treasury policy and one of the first in Europe.

The trend of companies buying Bitcoin as a treasury asset is growing, with 112 public firms holding the cryptocurrency, including ten in Europe. H100 is among the pioneers in the region to embrace this strategy, aligning with the values of individual sovereignty present in the Bitcoin community.

Read more at Cointelegraph: Adam Back leads $2.2M raise for Swedish health firm’s Bitcoin buys