H100 Group Raises $10.5 Million to Enhance Bitcoin Treasury Strategy
Sweden's H100 Group, a health and longevity company, raised $10.5 million (SEK 101 million) from crypto investors including Blockstream CEO Adam Back and UTXO Management.
- Funding included SEK 69.65 million from share issues and SEK 31.35 million from convertible loans.
- Convertible loans are interest-free and mature in five years, convertible into equity at SEK 1.75 per share.
- H100's shares increased by 30% on the announcement and have risen nearly 400% since its first BTC purchase on May 22.
- This funding is part of a larger strategy to enhance its BTC treasury.
- H100 follows the trend of public companies raising funds for cryptocurrency purchases, similar to Michael Saylor's approach.