Adam Back leads a $2.2 million funding round for H100 Group AB to buy more Bitcoin.

Adam Back, CEO of Blockstream and one of the pioneering figures in the Bitcoin community, has led a funding round of 21 million Swedish krona ( equivalent to 2.2 million USD) for the health technology company H100 Group AB. This move comes right after H100 announced it would start purchasing Bitcoin, marking an important turning point in the company's development strategy.

On May 25, H100 announced that the raised capital, through convertible loans with an interest rate of 0%, will be used to purchase Bitcoin according to the strategic direction announced on May 22.

In the total amount of capital raised, Adam Back contributed about 1.4 million USD, while the remaining 800,000 USD came from institutional investors such as Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners.

With this capital, H100 plans to purchase approximately 20.18 Bitcoin at the current market value, adding to the 4.39 Bitcoin already purchased on May 22, bringing the total number of Bitcoin held by the company to 24.57 Bitcoin.

Details of the convertible loan and its impact on the stock

H100 indicates that the convertible loans are interest-free and will mature on June 15, 2028. These loans can be converted into shares at any time with a conversion rate of 1.3 Swedish kronor ( approximately 11 US cents ) per share.

If the stock price of H100 maintains an average that is more than 33% above the conversion price for 60 consecutive trading days, the company has the right to request the conversion of the loan into equity. Full conversion will result in the issuance of approximately 16,153,900 new shares, corresponding to a dilution level of 12%.

H100 stocks grow strongly thanks to Bitcoin strategy

Immediately after announcing the strategy to purchase Bitcoin on May 22, H100 stock increased by 37% and continued to rise by an additional 5.33% the following day, reaching 1.29 SEK ( approximately 14 cents USD), according to data from Bloomberg.

H100 currently provides health care tools for individuals looking to break free from the "reactive health system." CEO Sander Andersen shared on social media X that the value of personal autonomy, which is highly regarded in the Bitcoin community, aligns with the direction and goals that H100 is building.

H100 – Pioneer in Sweden to adopt Bitcoin reserve policy

According to H100, they are the first public company in Sweden to adopt a Bitcoin reserve policy and are among the few companies in Europe pioneering this trend.

The number of publicly traded companies using Bitcoin as a reserve asset is rapidly increasing, with 112 companies globally currently holding this cryptocurrency, according to data from BitcoinTreasuries.NET. Among them, there are 10 companies headquartered in Europe, and H100 is one of the first entities in this region to participate in this promising trend.

Mr. Giáo