Swedish health-tech company H100 Group AB recently raised 21 million Swedish krona (approximately $2.2 million) to significantly increase its Bitcoin holdings. Adam Back, CEO of Blockstream and a renowned Bitcoin pioneer, spearheaded this funding by investing around $1.4 million. The remaining $800,000 came from investment groups such as Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners.

The funding, structured as zero-interest convertible loans, will enable H100 to purchase about 20.18 Bitcoin based on current market rates. Including an earlier purchase of 4.39 Bitcoin on May 22, this raises the company's total holdings to roughly 24.57 Bitcoin.

These loans are set to mature on June 15, 2028, and can be converted into equity at a rate of 1.3 Swedish krona (11 US cents) per share. If H100’s stock price surpasses this conversion price by over 33% for 60 cumulative trading days, the company can mandate an automatic equity conversion. Full conversion would result in approximately 16.15 million new shares, diluting current shareholdings by about 12%.

Investors responded positively to H100’s Bitcoin strategy, as evidenced by a 37% jump in share price immediately following the initial announcement. Shares continued rising, reaching 1.29 SEK (14 US cents) shortly afterward.

H100 CEO Sander Andersen sees this strategy aligning perfectly with their target audience, who value individual sovereignty and proactive healthcare solutions. The firm specializes in health products designed for those seeking alternatives to traditional medical systems.

H100 is now the first Swedish public company and one of Europe's early adopters of Bitcoin treasury strategies. Globally, 112 public companies currently hold Bitcoin assets, highlighting a growing trend among corporations worldwide.