- H100 Group raises $10.6M to expand its Bitcoin treasury holdings.
- Bitcoin adoption spreads to the health sector with AI and Web3-driven wellness platforms.
Sweden-based health tech firm H100 Group AB has made headlines after its stock surged 45% in a single day, following news of a successful capital raise aimed at expanding its Bitcoin [BTC] treasury strategy.
H100 Group AB stocks surge sky-high
The firm successfully raised 101 million Swedish krona (around $10.6 million), far exceeding its previous $2.2 million round backed by Bitcoin proponent Adam Back.
Since unveiling its Bitcoin-centric approach on the 22nd of May, H100’s share price has skyrocketed by 280%, signaling investor enthusiasm.
This bold move underscores a growing global trend, with 126 public companies, 14 of them in the past three weeks, now holding Bitcoin as part of their corporate reserves.
Details of the funding and how it helped
H100 Group AB revealed that it raised funds through two share issues worth 69.65 million krona ($7.31 million) and convertible loans totaling 31.35 million krona ($3.29 million).
The company stated that it would use the proceeds to advance its Bitcoin treasury strategy.
With this capital, H100 plans to purchase around 67.1 BTC, potentially raising its total holdings to approximately 81.85 BTC.
Initially, the firm set the “Tranche 1” round at 21 million krona, but later increased it to accommodate rising investor demand.
Analysts in support
Prominent backers such as Adam Back, crypto investment firm UTXO Management, and Nordic players like Race Ventures Scandinavia and Crafoord Capital Partners participated in the raise.
H100 structured the convertible loans without interest, allowing investors to convert them into equity at 1.75 krona per share over five years.
Remarking on which, Andersen added,
“The values of individual sovereignty highly present in the Bitcoin community aligns well with, and will appeal to, the customers and communities we are building the H100 platform for.”
Crypto and the health sector
The growing integration of Bitcoin into sectors beyond finance highlights its expanding utility, especially within the health and wellness industry.
A notable example is Weed’s recent launch of a holistic wellness platform, which reflects a broader shift toward blending cutting-edge technology with personal well-being.
This evolution reinforces how Bitcoin and blockchain technology are steadily redefining participation and innovation across diverse global sectors.
