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[Swedish H100 Group's stock price rose 45% in a single day after announcing it raised $10 million for Bitcoin reserves] Swedish health technology company H100 Group AB announced on Wednesday that it has raised 101 million Swedish Krona (approximately $10.6 million) to accelerate the company's Bitcoin reserve strategy, causing its stock price to big pump by 45%. H100's closing price on the Nordic growth market stock exchange was 4.64 Krona (approximately $0.49), with a stock price rise of 280% since it announced its Bitcoin strategy on May 22, according to MarketWatch data.
This $10.6 million financing scale is almost five times the $2.2 million financing led by Bitcoin crypto-punk Adam Back on May 25.