H100 Secures $2.2 Million to Expand Bitcoin Treasury Holdings

Swedish health technology company H100 Group AB has received a significant boost of funds through convertible loans, securing an investment of $2.2 million. The funding, led by Blockstream CEO Adam Back, will be used to purchase more Bitcoin and bolster the company’s existing holdings. The loans, with 0% interest, have been granted by various firms including Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners. Adam Back’s contribution of $1.4 million was the largest individual investment. This capital injection allows H100 to acquire approximately 20.18 Bitcoin at current market prices, further strengthening its already substantial Bitcoin treasury. This latest funding comes after the company secured a significant initial $490,000 investment in Bitcoin on May 22nd, making it the first publicly listed company in Sweden to adopt Bitcoin as a treasury asset. This strategic move positions H100 at the forefront of a growing trend, with several public healthcare companies now actively exploring Bitcoin for their financial reserves. Notably, Basel Medical Group announced plans to acquire up to 10,000 BTC worth $1 billion, while KindlyMD secured shareholder approval for a merger with Nakamoto Holdings Inc., a Bitcoin-native holding company. SRx Health Solutions, also a Canadian healthcare provider, has committed to diversifying its financial assets by purchasing Bitcoin after a previous investment in Solana tokens.