Adam Back Leads $2.2 Million Funding Round for Swedish Firm H100’s Bitcoin Investment Plan

Swedish firm H100 Group AB has secured a $2.2 million funding round led by Blockstream CEO Adam Back to acquire Bitcoin and establish its first-ever public company treasury policy based on the cryptocurrency. The investment will enable H100 to purchase Bitcoin and reconfigure its financial strategy with digital assets. 21 Million Swedish Krona, or around $2.2 million was raised through convertible loans bearing no interest. Funds targeted towards Bitcoin purchases are expected to be used by H100 to acquire more #Bitcoin. The loans mature on June 15, 2028. This move positions H100 as a leader in the adoption of Bitcoin by public companies.