Swedish Health Tech Firm H100 Raises $10 Million to Boost Bitcoin Strategy

Sweden’s H100 Group AB saw a dramatic 45% share price surge on Wednesday following an announcement of a $10.6 million fundraising round aimed at accelerating its Bitcoin treasury strategy. This follows the company’s May 22 declaration of its plan to expand into Bitcoin, leading to a remarkable 280% growth in share value since that time, according to MarketWatch data. The funding was split between two equity issuances totaling 69.65 million Swedish krona ($7.31 million) and convertible loans, contributing another 31.35 million krona ($3.29 million). H100 plans to use these funds to purchase more Bitcoin, bringing its total holding to around 81.85 BTC. The company’s strategy aligns with its focus on individual health solutions and its commitment to promoting a more autonomous healthcare approach for individuals.