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Swedish health tech company H100 Group AB has made headlines with a 45% jump in its share price after announcing it raised 101 million Swedish krona ($10.6 million) to further its Bitcoin treasury strategy. The stock closed at 4.64 krona ($0.49) on the Nordic Growth Market, reflecting a remarkable 280% increase since H100 first revealed its Bitcoin plan on May 22, according to MarketWatch data.
H100’s latest funding round stands out for its scale. The $10.6 million capital raise is nearly five times greater than the company’s previous $2.2 million round led by well-known Bitcoin advocate Adam Back on May 25. The new raise consisted of two elements: 69.65 million krona ($7.31 million) from share issues and 31.35 million krona ($3.29 million) through convertible loans.
H100 stated that the proceeds will accelerate its Bitcoin treasury strategy, potentially enabling the company to acquire 67.1 additional Bitcoin. This would bring its total holdings to nearly 81.85 Bitcoin, up from the existing 13.95.
Key investors in the latest round included Adam Back, UTXO Management, and leading Nordic investment firms such as Race Ventures Scandinavia and Crafoord Capital Partners. Convertible loans have zero interest, and investors will be able to convert their loans to equity at 1.75 krona per share within five years. The CEO of H100, Sander Andersen, stressed that the company is focused on the sovereignty of individuals' health, aligning with Bitcoin’s core values, supporting both its mission and growth strategy.
H100’s move comes at a time when publicly traded companies are adding Bitcoin to their balance sheets at a rapid pace. According to BitcoinTreasuries.NET, 126 corporate entities now hold Bitcoin, with 14 joining in the past three weeks alone. Corporate interest has driven centralized treasuries, such as ETFs, governments, and public companies, to hold over 6.1 million Bitcoin, accounting for roughly 31% of the total supply.
A recent study conducted by Gemini and Glassnode shows the increasing influence of institutional and corporate participants in the Bitcoin markets. In the last 10 years, the supply held by these entities has increased by 924%. Over the same time, the spot price of Bitcoin increased from below $1,000 to more than $100,000. According to the research, this adoption trend indicates how institutions are beginning to see the strategic value of Bitcoin as a store of value.
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The fast rate of stock increase of H100 highlights investors' interest in this firm's Bitcoin-focused direction. The price of H100 stock has soared 280% since it announced its Bitcoin treasury strategy.
The company has branded itself as a health technology pioneer, marketing devices that give people more control over their health. The company leadership sees a lot of alignment with the Bitcoin community. The recent 10.6 million dollar fundraising Round allows H100 the ammunition to continue adding to its Bitcoin, another first in the corporate adoption tidal wave that is changing the Bitcoin market.
