Sweden’s First Bitcoin Firm Secures $2.2 Million Funding Round Led by Blockstream CEO

Adam Back, the CEO of Blockstream, has led a significant funding round for H100 Group AB, Sweden’s first Bitcoin-focused company. The funding, worth approximately $2.2 million (21 million Swedish Krona), will be used to purchase Bitcoin, marking the firm as the first public entity in Sweden to adopt a Bitcoin treasury policy. H100’s move comes after they announced last week their intention to start purchasing Bitcoin using capital secured via convertible loans with 0% interest and a maturity date of June 2028.