Swedish health tech company H100 Group AB saw its shares jump by 37% after announcing its first-ever Bitcoin treasury allocation, joining a growing list of public firms turning to digital assets as part of their financial strategy.
In a May 22 press release, H100 revealed it had purchased 4.39 BTC for approximately 5 million Norwegian kroner—roughly $490,830—executed at an average price of $111,785 per coin. Following the news, the company’s stock rallied to 1.22 SEK ($0.13) on the Nordic Growth Market, partially rebounding from a 46% decline over the past two months.
CEO Sander Andersen described the acquisition as “Phase 1” of H100’s long-term Bitcoin strategy and suggested future purchases are likely. He also connected the move to the company’s ethos, stating that Bitcoin’s emphasis on individual sovereignty aligns with H100’s goal of delivering proactive, decentralized health solutions. Andersen framed the investment as a philosophical stance as well as a financial one—an effort to promote autonomy in both money and wellness.
Jiuzi Holdings Greenlights 1,000 BTC Purchase to Bolster Treasury Resilience
In China, electric vehicle retailer Jiuzi Holdings is making its own leap into crypto. The Nasdaq-listed company announced on May 22 that its board had approved a plan to acquire up to 1,000 Bitcoin over the next year. The purchases will be funded through a mix of share issuances and direct cash reserves.
CEO Tao Li acknowledged Bitcoin’s volatility but emphasized its potential to strengthen the company’s asset portfolio, reduce exposure to fiat-based risks, and enhance long-term profitability. He noted that Jiuzi views the move as part of a broader strategy to future-proof its financial base amid global economic uncertainty.
Following the announcement, Jiuzi’s stock rose by 7.3% to $3.09. While the jump was more subdued than H100’s dramatic 37% rise, it signals continued investor enthusiasm for companies that incorporate Bitcoin into their treasury strategies.
Jiuzi’s entry into the Bitcoin ecosystem places it alongside over 100 other publicly traded firms that have added BTC to their balance sheets, according to BitcoinTreasuries.net. The trend is increasingly seen across diverse industries—from software and semiconductors to now, healthcare and automobiles—reflecting Bitcoin’s shifting role from fringe asset to mainstream reserve.
Quick Facts
- H100 Group AB bought 4.39 BTC for ~$490,830, boosting its stock by 37%.
- The purchase is part of a broader Bitcoin strategy the firm calls “Phase 1.”
- Jiuzi Holdings plans to acquire 1,000 BTC over 12 months, funded by cash and equity.
- Jiuzi’s stock rose 7.3% after the announcement, trading at $3.09.
- Over 100 public companies now hold Bitcoin on their balance sheets, per BitcoinTreasuries.net.
