Swedish Health Tech Firm Secures $27.7 Million in Convertible Bond Financing for Bitcoin Strategy

H100 Group, a Swedish health tech company, has secured a significant investment of $27.7 million from Adam Back, co-founder of Blockstream, through an initial convertible bond agreement. This funding will be used to support the company’s Bitcoin vault strategy and bolster its financial stability as it advances its vision for developing health tech infrastructure. The total financing could reach up to $12.8 million if options are exercised by Back. The convertible bonds have a conversion price range between 1.75 and 5.00 Swedish kronor per share, with a five-year loan term and no interest payments.