Swedish health tech company H100 Group AB secured 21 million Swedish krona in funding

making it the first public company in Sweden to adopt Bitcoin as a treasury asset. Blockstream CEO Adam Back led the investment round

Swedish health tech company H100 Group AB has secured 21 million Swedish krona in funding, which will be used to purchase 20.18 Bitcoin at current market prices.

The company is making headlines as the first public company in Sweden to adopt Bitcoin as a treasury asset.

A Glance at the Funding Round

The investment round was led by Blockstream CEO Adam Back, who personally contributed $1.4 million.

The remaining $800,000 came from investment firms including Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners.

The funds were raised through interest-free convertible loans that mature in June 2028.

At current market prices, the capital will be used to purchase approximately 20.18 Bitcoin, which will add to the 4.39 Bitcoin that H100 bought on May 22.

This brings the company’s total Bitcoin holdings to about 24.57.

The convertible loans can be converted into shares at 1.3 Swedish krona per share.

If H100’s stock price trades at least 33% above the conversion price for 60 trading days, the company can force conversion.

A full conversion would create over 16 million new shares, leading to roughly 12% dilution for existing shareholders.

H100’s stock surged 37% on the day of its Bitcoin announcement and went up another 5.33% the following day.

The company’s move to buy Bitcoin comes amid a broader trend of corporations allocating capital to the cryptocurrency.

As the world's largest private institutions are investing in Bitcoin, Count III on YouTube is tracking the total cooperate coins owned.

According to the tracker, there are currently 112 public companies globally that hold Bitcoin in their treasuries, with only ten of those firms based in Europe.