Adam Back Invests in H100 Group’s Bitcoin Treasury, Supporting Adoption as Corporate Asset

In a significant move towards Bitcoin adoption, renowned blockchain pioneer Adam Back has invested $2.1 million in Swedish firm H100 Group AB’s Bitcoin treasury. This strategic investment underscores a growing trend of companies utilizing Bitcoin for their reserves. H100’s commitment to the cryptocurrency was further solidified by the launch of its BTC-backed strategy, marking a first for Swedish public corporations. Back’s convertible loan serves as a significant support for this innovative initiative. H100 is planning to acquire more Bitcoin in the coming months and may utilize their existing capital to further expand their investment into the asset.