H100 Group raised $2.2M, led by Adam Back, to become Sweden's first public company with a Bitcoin treasury.

The firm now holds 24.57 BTC, boosting its stock price by over 40% in two days.

Swedish corporate health technology company H100 Group AB has raised 21 million SEK (USD 2.2 million) to buy Bitcoin for its corporate treasury, becoming the first publicly listed firm in Sweden to adopt this strategy.

The funding round was led by Blockstream CEO and Bitcoin veteran Adam Back, who personally invested $1.4 million.

This move aligns H100 with global Bitcoin adopters like MicroStrategy and signals rising corporate interest in crypto.

Sweden’s corporate health technology company H100 Group AB has raised 21 million SEK (USD 2.2 million) to buy Bitcoin for its corporate treasury.

The company, which develops health tools for people who prefer to avoid traditional healthcare systems, announced on Monday that it now holds 24.57 BTC.

The move marks a first for Sweden. No other public company in the country has added Bitcoin to its corporate treasury. According to data from BitcoinTreasuries.NET, only about ten public companies in Europe currently hold Bitcoin, with 112 companies doing so globally.

The funding round was led by Blockstream CEO Adam Back, who personally invested $1.4 million. The remaining capital of $800,000 came from investment firms Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners.

The funds were raised through convertible loans with zero interest, maturing on June 15, 2028. These loans can be converted into H100 shares at a price of 1.3 SEK (around 11 US cents) per share.

H100's Bitcoin treasury strategy was announced on May 22, and the company immediately bought 4.39 BTC. With the newly raised funds, it plans to purchase around 20.18 more Bitcoin.

Following the announcement, H100's stock surged 37% on Monday. The stock further rose by 5.33% on Tuesday, closing at 1.29 SEK (14 US cents), according to Bloomberg data.