Stockholm, Oct 22 — Swedish health technology company H100 Group AB (HEX: H100G) experienced a significant share price surge, closing 45% higher on Wednesday following the announcement of a primary offering raising 101 million Swedish krona ($10.6 million), aimed at accelerating its Bitcoin treasury strategy.
The company’s shares concluded trading at SEK 4.64 ($0.49). This price represents a 280% increase since its May 22nd announcement to acquire physical Bitcoin and integrate it into its corporate treasury portfolio, according to MarketWatch data.
Funding Breakdown and Future Acquisition Plans
The financing comprises a primary offering valued at 69.65 million krona ($7.31M) and convertible loans totaling 31.35 million krona ($3.29M). H100 stated the net proceeds from the primary share issuance will be dedicated to advancing its strategy.
Consequently, H100 anticipates using these funds to acquire approximately 67.1 Bitcoins. This expansion would add significantly to its existing holdings of 13.95 BTC, increasing its total Bitcoin treasury position to roughly 81.85 BTC.
Funding Sources and Interest from Bitcoin Community
The offering attracted participation from key figures within the Bitcoin ecosystem, notably Bitcoin cypherpunk Adam Back, portfolio manager Olaf Carlson-Weiser (UTXO Management), and several Nordic venture capital firms including Race Ventures, Crafoords Capital Partners and WestWave Capital.
The convertible notes mature in five years and lack specified interest rates. Key terms grant investors the option to convert the debt into common shares at an exercise price of SEK 1.75 per share.
Importantly, the financing size was increased from the initially planned SEK 21M ($2.1M) to SEK 101M ($10.6M), reflecting strong investor appetite for the Bitcoin treasury concept.
Corporate Trend and Strategic Alignment
H100’s raise exemplifies a broadening phenomenon: publicly listed firms increasingly allocating capital to Bitcoin. BitcoinTreasuries.NET tallies reveal that 126 companies globally have adopted a Bitcoin treasury strategy, with the number rising by 14 in recent weeks.
This trend signifies a fundamental shift in corporate asset allocation regarding Bitcoin. Aligning with this movement, H100 CEO Sander Andersen debuted the company’s BTC purchase on May 22nd, framing the decision as synergistic with its corporate identity and target market:
“Swedish startup H100 Group (H100G.HEX), trading H100G OTC US, while also being our base of operations here, is supporting Bitcoin and adding Bitcoin to its corporate treasury.”
The CEO further elaborated on the alignment between H100’s mission and Bitcoin principles:
“The values of individual sovereignty highly present in the Bitcoin community aligns well with, and will appeal to, the customers and communities we are building the H100 platform for.”
This characterization positions the investment as not merely financial, but philosophically consistent with H100’s focus on personalized, preventive health solutions enabling individual autonomy.
Actor Orlando Bloom recently invested alongside Andersen, underscoring continued interest from influential figures in the cryptocurrency sphere.
