announcement<\/a>, the Stockholm-headquartered firm raised 21 million Swedish krona (approximately $2.2 million) through 0% interest convertible loans. The funds will be used to purchase Bitcoin as part of H100\u2019s broader pivot toward holding the asset on its balance sheet.<\/p>\nInvestment firms, including Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners, contributed a combined $800,000 to the round. The largest share came from Back, a British cryptographer and known Bitcoin advocate, who invested $1.4 million.<\/p>\n
The loans are set to mature on June 15, 2028, and can be converted into equity at a rate of 1.3 SEK (about 11 US cents) per share.<\/p>\n
Under the loan terms, H100 may mandate conversion to equity if its share price maintains a volume-weighted average of 33% above the conversion rate for 60 trading days. Full conversion would issue roughly 16.15 million new shares, resulting in a 12% dilution.<\/p>\n
The latest capital raise will allow the company to purchase approximately 20.18 Bitcoin at current market rates, adding to the 4.39 Bitcoin it acquired on May 22.\u00a0<\/p>\n
<\/p>\n
That earlier purchase, valued at around $490,000, marked H100\u2019s initial foray into Bitcoin and cemented its name as the first publicly listed company in Sweden to adopt Bitcoin as a treasury asset and one of the first in Europe.<\/p>\n
H100 shares rallied 39% after the news broke, pushing H100\u2019s market value over $14 million.<\/p>\n
At the time, H100 said the move is part of a long-term Bitcoin treasury strategy, which aims to diversify its reserves without deviating from its core focus on health technology.<\/p>\n
Bitcoin\u2019s role as a corporate treasury asset continues to gain momentum, with several public healthcare companies making significant acquisitions this month.<\/p>\n
On May 16, Singapore-based Basel Medical Group announced a strategic purchase agreement to acquire up to 10,000 BTC, valued at approximately $1 billion, by issuing ordinary shares.<\/p>\n
In the United States, KindlyMD, a provider of integrated healthcare services, secured shareholder approval for its proposed merger with Nakamoto Holdings Inc., a Bitcoin-native holding company.<\/p>\n
Meanwhile, Canadian healthcare provider SRx Health Solutions has announced plans to diversify its financial assets by purchasing Bitcoin, following a previous investment of $1.5 million in Solana tokens.<\/p>\n
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