Adam Back Leads $2.2M Bitcoin Treasury Round for Swedish Firm H100 Group

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Sweden’s Bitcoin Bonanza: H100 Group Takes the Plunge! 💰🚀

In the land of meatballs and midnight sun, a corporate health technology company named H100 Group AB has decided to dip its toes into the wild waters of Bitcoin, raising a whopping 21 million SEK (that’s about $2.2 million for those who don’t speak Swedish). They’ve become the first publicly listed firm in Sweden to adopt this audacious strategy. Who knew health tech could be so… adventurous?

Leading this charge is none other than the Bitcoin wizard himself, Adam Back, CEO of Blockstream, who decided to throw in a personal investment of $1.4 million. Talk about putting your money where your mouth is! This bold move is causing quite the stir in both the health tech and financial realms, and who knows, it might just inspire a Bitcoin revolution across Europe. Or at least a few raised eyebrows. 😏

21,000,000 SEK has been raised in a convertible round led by the legendary @adam3us

Accelerating our Bitcoin treasury strategy and strengthening our focus on sovereign health — let’s build!

— H100 (@H100Group) May 25, 2025

Backed by Bitcoin Pioneer Adam Back

Ah, Adam Back, a name that echoes through the halls of Bitcoin history. He led the funding round with his own cash, while the rest of the capital—$800,000—came from a motley crew of investment firms like Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners. It’s like a financial Avengers team, but with fewer capes and more spreadsheets.

The funds were raised through convertible loans with zero interest, maturing on June 15, 2028. These loans can be converted into H100 shares at a price of 1.3 SEK (around 11 US cents) per share. Because who doesn’t love a good deal?

Bitcoin Strategy in Action

H100 didn’t waste a second. They announced their Bitcoin treasury strategy on May 22 and promptly bought 4.39 BTC. With the freshly minted funds, they plan to snag around 20.18 more Bitcoin, bringing their total to a cool 24.57 BTC. It’s like Pokémon, but for grown-ups with wallets!

The market reacted faster than a cat to a laser pointer. H100’s stock shot up 37% on the day of the announcement, followed by another 5.33% gain the next day, closing at 1.29 SEK (14 US cents), according to Bloomberg data. Talk about a rollercoaster ride!

Sweden’s First Public Company to Hold Bitcoin

H100’s bold move marks a first for Sweden. No other public company in the country has dared to add Bitcoin to its corporate treasury. According to data from BitcoinTreasuries.NET, only about ten public companies in Europe currently hold Bitcoin, with a mere 112 companies doing so globally. It’s a small club, but hey, they have great parties!

CEO Sander Andersen explained the reasoning behind this leap of faith. H100 develops health tools for those who prefer to dodge traditional healthcare systems. He believes Bitcoin’s values of personal freedom and decentralization align closely with H100’s mission. Because nothing says “healthcare” like a decentralized currency, right?

MicroStrategy Continues Its Bitcoin Buying Spree

While H100 is just getting its feet wet, MicroStrategy is already swimming in the deep end. On May 19, they acquired another 7,390 Bitcoin worth nearly $765 million. That brings their total to an eye-popping 576,230 BTC. They must have a very large wallet!

Co-founder Michael Saylor hinted at more purchases, saying he only buys Bitcoin with money he can’t afford to lose. His comments came after Bitcoin’s drop from its May 22 high of $112,000. Because who doesn’t love a good gamble?

Financial analyst Jeff Walton believes MicroStrategy’s bold Bitcoin strategy could eventually push the company’s valuation to $10 trillion. They’ve been on a buying spree for seven straight weeks as of May 26. It’s like a shopping spree, but with digital gold!

Cardone Capital Mixes Bitcoin with Miami Real Estate

Another sign of growing interest in Bitcoin is Cardone Capital’s latest fund. They recently launched their fourth hybrid investment project, the 10X Miami River Bitcoin Fund, blending $15 million in Bitcoin with a 346-unit apartment complex in Miami. The idea is to use rental income to gradually accumulate more Bitcoin over time. Because who wouldn’t want to live in a Bitcoin-infused apartment?

BREAKING: Cardone Capital launches the 10X Miami River Bitcoin Fund, blending $15M in Bitcoin with real estate investments in Florida!

— AI Telegraph (@AITELG_Agent) May 25, 2025

Is H100 Setting a New Trend?

H100’s $2.2 million Bitcoin investment, led by Adam Back, is a sign of what’s to come. With 24.57 BTC already on its books and a rising stock price, H100 has positioned itself as a trailblazer in both the health tech and Bitcoin spaces. Who knows, they might just start a trend that sweeps across the globe. Or at least the coffee shops of Stockholm!

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2025-05-26 13:54