On Wednesday, the Swedish H100 AB Health Technology Company increased 45% on Wednesday after announcing that it had raised 101 million Swedish Krona ($ 10.6 million) to accelerate the Bitcoin Treasury Strategy.
H100 closed 4.64 krona ($ 0.49) on the Northern Growth Market Stock Exchange, increasing the growth of its 280% share price since the announcement of its Bitcoin (BTC) strategy on May 22, according to marketwatch data.
The increase of $ 10.6 million is almost five times larger than its increase of $ 2.2 million led by Bitcoin Cypherepunk Adam on May 25.
More companies become Bitcoin companies by the week
The latest increase in H100 to buy more Bitcoin reflects an upward trend of listed companies around the world that add bitcoin to their balance sheets.
A total of 126 companies have done so, including 14 new companies in three weeks, according to BitcoinTareries.net data.
$ 10 million to increase the Bitcoin strategy
The increase was divided between two action emissions worth 69.65 million Krona ($ 7.31 million) and convertible loans, which contributes 31.35 million krona ($ 3.29 million).
H100 said that the net product of the two “action problems will be used to accelerate the company’s Bitcoin Treasury strategy”.
This could allow the business focused on health and longevity to buy around 67.1 bitcoin – adding to its 13.95 BTC existing and bringing its total to 81.85 BTC.
Action emissions have seen the participation of Adam Back, the investment company Bitcoin Utxo Management and several Nordic investment companies such as Scandinavia and Crafoord Capital Partners.
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Convertible loans have no interest and mature in five years. Investors can convert loans into equity to 1.75 krona per share, said H100.
The increase, called “tranche 1”, was hit at 31.35 million Krona after being initially agreed at 21 million Krona.
H100 says that his approach to health and Bitcoin aligns
H100 sells health tools for people who do not want to count on the “reactive health system”, said the CEO of the company, Sander Andersen, on May 22, when H100 announced its first purchase of Bitcoin.
“The values of individual sovereignty strongly present in the Bitcoin community aligns well and for customers and communities for which we build the H100 platform,” said Andersen.
Swens First Health Company with Bitcoin cash strategy @ H100group
Support sovereign and preventive health suppliers 🤝 pic.twitter.com/fsixqz81mjj
– Mr.andersen (@sandandersen) May 22, 2025
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