Swedish Health Technology Company H100 has collected $ 2.2 million for Bitcoin purchases
The Swedish -based health technology company H100 Group EU has collected a $ 2.2 million fund under the leadership of Adam Back, one of the Bitcoin pioneers. With this resource, the company started to implement the strategy of converting the crypto into treasure presence by purchasing Bitcoin. The H100 was the first public company to adopt this policy in Sweden.
A new era begins on H100 Group’s Bitcoin journey
Adam Back, one of the first supporters of Bitcoin and one of the symbol names of the Cypherpunk movement, pioneered an investment tour of 21 million Swedish crowns (approximately $ 2.2 million) for the H100 Group EU. This investment was made to support the Bitcoin purchasing decision announced by the H100 on May 22.
The majority of the investment - the $ 1.4 million of the investment was provided by the Back from the Back, while the remaining 800 thousand dollars came from investment companies such as Morten Klein, Alundo Invest As, Race Venture Scandinavia EU and Crafoord Capital Partners.
Total Bitcoin stock exceeds 24 BTC
With this new fund, the company will be able to buy approximately 20.18 Bitcoin with existing market prices. The H100 had previously made its first purchase on May 22 and acquired 4,39 Bitcoin. With the new purchases, the company’s total Bitcoin presence will be increased to 24.57 BTC levels.
Interest -free Credit Structure
The investment tour was realized with a 0 %interest and convertible credit structure. On June 15, 2028, the loans will fill the term and investors will be able to transform shares at any time. The transformation price was determined as 1.3 SEK (about 11 cents) per share.
If the company’s shares continue to be traded above 33 %of the transformation price for 60 transaction days, the H100 will have the right to convert these loans directly to shares. In the event of full transformation, approximately 16.15 million new shares will be exported to a dilution of 12 %of the existing shares.
Bitcoin effect of stock value
After the H100 announced the decision to make Bitcoin on May 22, the company shares gained 37 %in one day. The next day, the share price increased by 5.33 %and reached 1.29 SEK level. This rapid rise reveals the interest of investors in Bitcoin move.
Target: Sovereignty in Individual Health
H100 CEO Sander Andersen explained the company’s target with the following words:
“We offer health solutions for individuals who do not want to adhere to the traditional reactive health system. The strong understanding of individual sovereignty in the Bitcoin community coincides with the customer base we aim.”
According to the company, the H100 was the first public company that adopted Bitcoin in Sweden with this strategy as a treasure presence and became one of the leading companies that took this step throughout Europe.
Participation from Europe on a global train
According to BitcoinTreasuries.net data, now 112 publicly -open companies keep Bitcoin as a kind of digital reserve. Only 10 of these companies are European -based. The H100 has attracted attention with this limited number of companies in Europe.
