Crypto Gloom

ADAM BACK Swedish company H100 Group’s $ 2.2 million Bitcoin Treasury Department

Sweden’s corporate health technology firm H100 GROUP AB has become the first public company to adopt this strategy in Sweden by raising 22 million SEKs ($ 2.2 million) to purchase Bitcoin for corporate finance.

The financing round was led by Blockstream CEO and Bitcoin Veteran Adam Back. This bold movement is turning your head across the health technology and the financial world, and it can inspire more companies across Europe to follow the lawsuit.

Bitcoin Pioneer Adam Back is supported by

Adam Back, a respected figure of Bitcoin Space and CEO of Blockstream, has led the financing round with a $ 1.4 million personal donation. The remaining ($ 800,000) of capital came from an investment company, including Morten Klein, Alundo Invest as, Race Venture Scandinavia Ab and Crafoord Capital Partners.

The funds were raised on June 15, 2028, with a convertible loan without Aiza, which can be converted to H100 at a price of 1.3 SEK (about 11 US Cent) per share.

Bitcoin strategy works

The H100 did not waste time. The company announced its Bitcoin financial strategy on May 22 and immediately acquired 4.39 BTC. We plan to purchase about 20.18 Bitcoin with new funds, and the total shares are about 24.57 BTC.

The market responded quickly. According to Bloomberg data, the H100 stocks increased 37% on the day of the announcement, and then increased by 5.33% the next day to finish at 1.29 SEK (14 US CENTS).

The first public company in Sweden has Bitcoin

The H100’s movement is the first of Sweden. Other public companies in this country have never added Bitcoin to the Treasury. According to data from Bitcointreasuries.net, only about 10 public companies in Europe currently have Bitcoin, and 112 companies are doing so worldwide.

Sander Andersen CEO explained the reasoning of this movement. The H100 develops health tools for those who prefer to avoid traditional medical systems. He believes that the value of Bitcoin’s personal freedom and decentralization is close to the H100’s mission.

Microstrategy continues to buy Bitcoin

While the H100 is just starting, MicroStrategy is already in the Bitcoin game. On May 19, the company acquired almost $ 7,390 Bitcoin. It brings the gun to 576,230 BTC.

Co -founder Michael Saylor said that he bought Bitcoin only with money that could not be lost in Bitcoin, suggesting more purchases. His opinion followed Bitcoin’s decline at $ 112,000 on May 22.

JEFF WALTON, a financial analyst, believes that MicroStrategy’s bold bitcoin strategy can eventually push the company’s evaluation to $ 10 trillion. The company purchased Bitcoin for seven consecutive weeks as of May 26.

Cardone Capital mixes miami real estate and bitcoin

Another sign of increasing interest in Bitcoin is the latest fund of Cardone Capital. The company has recently launched the fourth hybrid investment project, 10X Miami River Bitcoin Fund, and combines $ 15 million in Bitcoin with 346 unit apartment complexes in Miami. The idea is to use rental income to accumulate more bitcoin over time.

Is the H100 setting up a new trend?

The H100’s $ 2.2 million Bitcoin investment, led by ADAM BACK, will also move forward. The 24.57 BTC has already set up a book and the stock price has risen, and the H100 has become a pioneer in both Health Tech and Bitcoin spaces.