Swedish Health Tech Firm Raises $27 Million With Bitcoin-Driven Investment Strategy

Swedish health technology company H100 Group has secured a significant funding boost of up to $27.7 million, leveraging a unique financial strategy centered around bitcoin. The company’s convertible bond agreement with Adam Back, co-founder of Blockstream, provides initial capital and allows for potential future equity investments from Back. H100 plans to utilize the funds to expand its “Bitcoin reserve” strategy, strengthen its balance sheet, and enhance its health technology infrastructure.