Corporate Bitcoin Adoption Soars: Nordic Firms Lead the Way

A wave of Bitcoin adoption among corporations is sweeping the globe, with Swedish and Chinese firms leading the charge. H100 Group AB made headlines on May 22 after purchasing $490,830 worth of Bitcoin to hedge against volatility in its financial assets. This move comes as Sweden’s first publicly traded health tech firm joins the growing list of companies embracing Bitcoin as a treasury reserve asset. Meanwhile, Chinese electric vehicle retailer Jiuzi Holdings announced plans to acquire 1,000 Bitcoin over the next year, reflecting confidence in the digital currency’s long-term potential despite its recent price fluctuations.