每個國家都需要自己的比特幣國庫！在瑞典，H100小組開始成為這樣。

H100總部位於斯德哥爾摩，並以瑞典NGM交易所進行交易，聲稱“以AI驅動的自動化為衛生和壽命部門的支持提供者。”

Every country needs its own Bitcoin treasury. In Sweden, H100 Group is setting out to become just that. The healthcare company initially purchased 4.39 bitcoin and has now raised nearly two million euros through convertible bonds to accumulate even more. Among the investors is a prominent Bitcoiner, who has even been suspected of being Satoshi.

每個國家都需要自己的比特幣國庫。在瑞典，H100集團正準備成為這樣。這家醫療保健公司最初購買了4.39個比特幣，現在通過可轉換債券籌集了將近200萬歐元，以增加更多。投資者中有一位著名的比特幣，甚至被懷疑是Satoshi。

H100, based in Stockholm and traded on the Swedish NGM Exchange, claims to “support providers in the health and longevity sector with AI-driven automation.” The company operates in the B2B space, apparently offering software and technology solutions for healthcare enterprises, although its specific product is not easy to pinpoint.

H100總部位於斯德哥爾摩，並以瑞典NGM交易所進行交易，聲稱“以AI驅動的自動化為支持衛生和壽命領域的提供者。”該公司在B2B空間中運營，顯然為醫療保健企業提供了軟件和技術解決方案，儘管其特定產品並不容易查明。

On May 22, H100 announced the purchase of 4.39 bitcoin for five million Norwegian kroner—around 435,000 euros—“as part of a long-term Bitcoin treasury strategy.” The core business will remain unaffected, but the investment represents a “strategic deployment of surplus capital.” With this move, H100 becomes “the first publicly traded healthcare infrastructure company in Europe” to accumulate bitcoins. Why the firm, which is headquartered and listed in Sweden, chose to invest in Norwegian currency remains a mystery.

5月22日，H100宣布購買4.39個比特幣，用於500萬個挪威Kroner（435,000歐元），“作為長期比特幣國庫策略的一部分。”核心業務將不受影響，但投資代表了“盈餘資本的戰略部署”。通過此舉，H100成為“歐洲第一家公開交易的醫療基礎設施公司”來積累比特幣。為什麼總部位於瑞典列出的公司選擇投資挪威貨幣仍然是個謎。

But this purchase was just the beginning. Only a day later, H100 announced its intention to raise up to 10 million Swedish kronor through convertible bonds, to be used for “general corporate purposes and further expansion of the Bitcoin treasury.” In this way, H100 is emulating the strategy of (formerly: MicroStrategy), which has been acquiring more and more bitcoins by issuing large amounts of convertible bonds. This strategy has already become a model imitated in Japan by MetaPlanet and in France by the Blockchain Group.

但是這次購買僅僅是開始。僅僅一天后，H100宣布打算通過可轉換債券提高多達1000萬個瑞典Kronor，用於“一般公司目的並進一步擴大比特幣財政部”。這樣，H100正在模仿（以前是：MicroStrategy）的策略，該策略通過發行大量可轉換債券來獲取越來越多的比特幣。該策略已經成為Metaplanet和法國模仿區塊鏈組在日本模仿的模型。

Demand for the convertible bond far exceeded expectations at H100. On May 25, the company reported that it had raised a total of 21 million Swedish kronor, nearly two million euros. The investment round was led by none other than Adam Back, the inventor of Bitcoin’s mining algorithm (he created Hashcash), who has long been suspected of being Satoshi and has profoundly influenced Bitcoin’s development through his company Blockstream. Adam Back alone contributed 13.5 million SEK—and apparently made one stipulation:

對可轉換債券的需求遠遠超出了H100的預期。 5月25日，該公司報告說，它總共籌集了2100萬瑞典Kronor，將近200萬歐元。投資回合由比特幣採礦算法的發明者亞當（Adam Back）領導，他長期以來一直懷疑他是Satoshi，並通過他的公司BlockStream對比特幣的發展產生了深遠的影響。亞當僅貢獻了1,350萬SEK，顯然提出了一項規定：

“As suggested and agreed upon by investors, the proceeds will be used to purchase bitcoins in line with H100’s long-term Bitcoin strategy.” This strengthened balance sheet will also “support the company’s vision to build the digital infrastructure for healthcare providers.”

“正如投資者建議和同意的那樣，收益將用於根據H100的長期比特幣戰略購買比特幣。”這項加強的資產負債表還將“支持公司為醫療保健提供者建立數字基礎設施的願景。”

The convertible bonds run until June 15, 2028, and can be converted into H100 shares at any time before then. The shares have been publicly traded since 2019 and, contrary to many other companies who add bitcoin to their treasuries to boost their stock price, have developed relatively steadily. After hitting a low of 0.5 SEK at the end of 2023, they recovered to over one SEK. While this is modest compared to the all-time high of three SEK reached in 2021, it is by no means a dramatic loss.

可轉換債券一直持續到2028年6月15日，並且可以在此之前的任何時間轉換為H100股票。自2019年以來，這些股票已公開交易，與許多其他公司相反，這些公司在國庫中增加了比特幣以提高其股價，並且相對穩步發展。在2023年底達到0.5 sek的低點後，他們恢復到超過一個SEK。儘管這與2021年達到三分之二的歷史高度相比，這是適度的，但絕不是巨大的損失。

H100’s share price on ngm.se since 2019.

自2019年以來，H100在NGM.SE的股價。

According to the latest financial report, the company’s revenue in the second quarter of 2024 climbed to just under 1.7 million SEK, compared with a loss of 921,098 SEK; both represent considerable improvement over the previous year. With equity of 24.8 million SEK, the loss is unlikely to jeopardize H100’s existence. But the company only possesses surplus capital to invest in bitcoin by borrowing it.

根據最新的財務報告，該公司在2024年第二季度的收入攀升至170萬SEK，而損失了921,098 SEK；兩者都代表了上一年的顯著改善。股權為2480萬SEK，損失不太可能危害H100的存在。但是，該公司僅擁有盈餘資本來通過借貸來投資比特幣。