From Cointelegraph
June 12, 2025 01:02 AM:

Swedish health tech firm H100 Group AB saw a 45% rise after securing $10.6 million to boost its Bitcoin treasury strategy. The raise is nearly five times larger than its previous $2.2 million raise led by Adam Back. H100’s share price has grown 280% since announcing its Bitcoin strategy in May.

H100 is part of a growing trend of publicly traded firms adding Bitcoin to their balance sheets. A total of 126 corporate companies have done so, with 14 new firms joining in three weeks. This move reflects the increasing adoption of Bitcoin as a strategic asset by various companies worldwide.

The $10 million raise for H100 was split between two share issues and convertible loans. The net proceeds will be used to accelerate the firm’s Bitcoin treasury strategy, potentially allowing them to buy around 67.1 Bitcoin. Several notable investors participated in the share issues, including Adam Back and UTXO Management.

The convertible loans offered by H100 carry no interest and mature in five years. Investors can convert the loans into equity at 1.75 krona per share. The initial tranche of the raise was increased from 21 million krona to 31.35 million krona due to high demand.

H100’s CEO, Sander Andersen, highlighted the alignment between the company’s focus on health tools and Bitcoin’s values of individual sovereignty. This approach resonates with customers seeking preventive health solutions outside the traditional health system. The company aims to cater to individuals who prioritize proactive health management.

Read more at Cointelegraph: H100 Shares Soar After $10M Raise For Bitcoin