Swedish health tech firm H100 Group AB has significantly boosted its Bitcoin treasury strategy by raising $10.6 million, signaling growing corporate confidence in Bitcoin as a strategic asset.
This latest capital raise, nearly five times larger than its previous funding round, underscores a broader trend of publicly traded companies integrating Bitcoin into their balance sheets to diversify assets and hedge against inflation.
According to COINOTAG, H100’s CEO Sander Andersen emphasized the alignment between Bitcoin’s values of individual sovereignty and the company’s mission to empower preventive health, highlighting a unique synergy between health tech and crypto adoption.
H100 Group raises $10.6M to expand Bitcoin holdings, reflecting a rising trend of health tech firms embracing Bitcoin treasury strategies for asset diversification and long-term growth.
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H100 Group AB’s recent capital raise of 101 million Swedish krona ($10.6 million) marks a pivotal step in the company’s commitment to expanding its Bitcoin treasury holdings. This funding round, conducted through two share issues and convertible loans, is designed to accelerate the firm’s acquisition of Bitcoin, potentially increasing its total holdings to approximately 81.85 BTC. The move demonstrates H100’s strategic approach to leveraging Bitcoin as a core asset, reflecting growing corporate interest in cryptocurrency as a hedge against market volatility and currency devaluation.
The funding round attracted participation from notable Bitcoin advocates and investment firms, including Adam Back, a prominent cypherpunk, and UTXO Management, a Bitcoin-focused investment firm. Nordic investors such as Race Ventures Scandinavia and Crafoord Capital Partners also contributed, signaling strong regional support. The convertible loans involved carry no interest and mature in five years, with conversion rights set at 1.75 krona per share, providing investors with flexible options that align with H100’s long-term vision.
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Source: https://en.coinotag.com/h100-group-raises-10-6-million-to-potentially-expand-bitcoin-holdings-in-health-tech-strategy/