Shares in the Swedish health tech company H100 Group AB surged by 37% after it announced its initial Bitcoin purchase as part of a new strategy. On May 22, H100 revealed it spent 5 million Norwegian krone (approximately $490,830) on 4.39 Bitcoin at an average price of $111,785 each. This announcement helped the firm recover some of its losses from the previous two months, where shares had dropped over 46%. CEO Sander Andersen emphasized that the values of individual sovereignty in the Bitcoin community resonate with the customers H100 aims to serve. Additionally, Chinese EV retailer Jiuzi Holdings announced a plan to acquire 1,000 Bitcoin over the next year through stock issuance and cash purchases, leading to a rise of 7.3% in its stock price. This increasing trend of public companies incorporating Bitcoin into their assets is growing, as more firms join the ranks of those holding Bitcoin on their balance sheets.

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