Swedish health-tech firm H100 Group AB saw its stock rocket 45% on Wednesday following the announcement of a successful 101 million SEK (~$10.6 million) capital raise—funds the company plans to use to significantly expand its Bitcoin holdings. The move positions H100 as the latest in a fast-growing cohort of publicly traded companies embracing Bitcoin as a core treasury asset.
The funding round, which dwarfs the firm’s previous $2.2 million raise in May led by prominent Bitcoin advocate Adam Back, has reignited investor enthusiasm. Since H100 first unveiled its Bitcoin strategy on May 22, its stock has climbed an astonishing 280%, closing at 4.64 SEK ($0.49) on the Nordic Growth Market exchange.
H100’s aggressive shift into Bitcoin reflects a larger institutional movement toward digital reserves. According to BitcoinTreasuries.net, 126 publicly listed companies now hold Bitcoin on their balance sheets—with 14 joining in the past three weeks alone. What was once seen as a niche experiment is quickly becoming a global financial strategy, reshaping how treasury management is approached in the digital age.
H100 to Buy 67 BTC With New Funds
The raise was structured across two components: 69.65 million SEK ($7.3 million) through equity issuance and 31.35 million SEK (~$3.3 million) via convertible loans.
According to the company, the net proceeds will be used to acquire approximately 67.1 BTC, which would bring H100’s total holdings to 81.85 BTC when added to its existing 13.95 BTC stash. The move further cements its pivot from traditional health and longevity solutions toward a broader financial identity built around Bitcoin.
The funding round, dubbed “Tranche 1,” initially targeted 21 million SEK in convertible loans but was expanded to 31.35 million SEK due to investor demand. The loans are zero-interest, maturing in five years, and convertible into equity at 1.75 SEK per share—an arrangement designed to provide long-term upside to early backers.
Investor participation came from both crypto-native and regional financial players, including Bitcoin pioneer Adam Back, UTXO Management, Race Ventures Scandinavia, and Crafoord Capital Partners. Their involvement signals growing institutional confidence in Bitcoin as a reserve asset and affirms H100’s strategy as part of a wider trend in crypto-oriented corporate treasury management.
CEO Says Bitcoin Mirrors H100’s Health Philosophy
H100 Group’s foray into Bitcoin isn’t just a financial strategy—it’s a philosophical one, according to CEO Sander Andersen. Speaking during the company’s initial Bitcoin announcement on May 22, Andersen emphasized that H100’s mission to promote proactive, self-directed health aligns closely with the core principles of Bitcoin.
“Our products are designed for individuals who prefer not to depend on the traditional, reactive healthcare system,” Andersen explained.
“The values of individual sovereignty that define the Bitcoin community resonate deeply with the customers and communities we’re building the H100 platform for.”
Quick Facts
- H100 raised ~$10.6M to expand its Bitcoin holdings.
- The firm’s stock has surged 280% since announcing its BTC strategy.
- Proceeds will be used to buy 67.1 BTC, bringing total to 81.85 BTC.
- Investors include Adam Back, UTXO, Race Ventures, and Crafoord Capital.
- Convertible loans carry 0% interest and mature in five years.
