Adam Back invests $2.2M in Swedish health firm’s Bitcoin strategy

By Ezra Kaimenyi - Crypto Market Journalist
Disclaimer: Cryptocurrencies are a high-risk asset class. This article does not constitute investment advice and is provided for informational purposes only. You could lose all of your capital.
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The Swedish health-tech company H100 Group AB has chosen to hold part of its treasury in Bitcoin. As a result, H100 became one of the first companies in Europe to have Bitcoin on its balance sheet. This move is part of a wider attitude among progressive firms seeking to be financially secure by following decentralized values.

Securing strategic funding for Bitcoin

On May 25, 2025, H100 succeeded in raising $2.2 million in convertible loan money. Dr. Adam Back, who serves as CEO of Blockstream, led about $1.4 million of the investment. Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners contributed the last $800,000.

The zero-interest loans expire on June 15, 2028, and can then be converted into shares at 1.3 SEK each, introducing 16.15 million new shares and reducing present ownership by 12%. This follows a current method for collecting money from investors, aligning what they want with company advancement.

Executing a targeted Bitcoin purchase plan

H100 plans to use the money collected to buy Bitcoin. Purchasing at the current rate is anticipated to bring the company 20.18 BTC, which it will add to its existing 4.39 BTC. Afterward, H100 will own 24.57 BTC in Bitcoin. This change is a clear sign that businesses are increasingly including Bitcoin in their treasuries to minimize risks from inflation.

The market responded positively to the release of this news. Consequently, share prices grew by 37% on May 22 after the new policy announcement and climbed another 5.33% on May 23, ending the day at 1.29 SEK (equivalent to 14 US cents).

Positioning for a decentralized future

CEO Andersen pointed out that applying Bitcoin matches the company’s drive towards individual control and new ideas. The goal is for the company to lead in decentralized finance within health technology. With only a few European companies owning Bitcoin, H100 leads by example.

H100 Group AB is boldly adopting modern European corporate finance by including Bitcoin. The company uses a mix of financial support, including digital assets, and is thinking of fresh ideas. As more firms explore the adoption of Bitcoin, H100 shows the way and acts as a good example for others in the industry.

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Ezra is a news writer with over 3 years of experience in the crypto space and blockchain industry. He brings a thorough understanding of the market and technology to his reports, making him a valuable resource for informed investment decisions in the crypto space. Ezra enjoys traveling in his free time. You can reach out to Ezra at ezra.kaimenyi@btcread.com.
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