Well, well, well! Look who’s cashing in! The Swedish tech whiz kids at H100 Group just pulled a rabbit out of their hat, rallying almost 40% after dropping a cool $490,000 on Bitcoin! Talk about diversifying your portfolio—who needs cash when you can have digital gold? 💸
As if on cue, more tech firms are jumping on the Bitcoin bandwagon like it’s the last train to Crazy Town! H100 Group AB, the health tech company from Stockholm, decided to join the party with a $490,000 buy that sent their shares soaring faster than a Swedish meatball at a buffet! 🍽️
In a press release that probably had confetti flying everywhere, the company announced they snagged 4.39 Bitcoin (BTC) at a price of 1,138,737 NOK each. That’s right, folks, they’re not just playing with Monopoly money here!
They claim this is all part of a “long-term Bitcoin Treasury Strategy.” Translation: “We’re not just throwing our cash around like it’s a game of poker!” They assured us that this decision “doesn’t affect H100’s core operations,” which means they’re still focused on delivering tech solutions to health providers. Phew! We were worried they might start selling hot dogs on the side! 🌭
“This addition to H100’s Bitcoin Treasury Strategy follows an increasing number of tech-oriented growth companies holding Bitcoin on their balance sheet, driven by the view that it’s in the company’s interest to hold a more diversified treasury portfolio than just cash.”
— H100 Group CEO Sander Andersen
After this Bitcoin bonanza, H100 Group’s shares on the Nordic Growth Market skyrocketed 39.27% to 1.22 Swedish Krona (about $0.13). That’s a market value boost to approximately $14.84 million! Who knew Bitcoin could be such a great wingman? 🦸♂️
And just when you thought it couldn’t get any crazier, two Swedish lawmakers decided to jump into the fray! They urged the finance minister to consider adding Bitcoin to Sweden’s reserves. Dennis Dioukarev and MP Rickard Nordin are pushing for a national strategy that embraces Bitcoin like it’s the new IKEA furniture! 🛋️
Dioukarev’s letter, submitted on April 14, proposed that Sweden start accumulating Bitcoin using confiscated crypto assets. He pointed to other countries, like the U.S., which recently launched a national Bitcoin reserve funded through seized funds. Because who doesn’t want to turn confiscated assets into a digital treasure chest? 🏴☠️
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2025-05-23 14:32