H100 Group AB has increased its Bitcoin holdings with the acquisition of an additional 47.33 Bitcoin, strengthening its long-term Bitcoin Treasury Strategy. 

The latest purchase, totaling SEK 48,999,597 at an average price of SEK 1,035,126 per Bitcoin, brings the company’s total Bitcoin reserves to 247.54.

This follows a recent inflow of 144.8 Bitcoin received through the first four tranches of a convertible loan deal, which had already raised H100’s holdings to 169.2 Bitcoin before the new purchase. 

The convertible structure is part of a SEK 750 million financing initiative, led by Blockstream CEO Adam Back, which allows H100 to choose between cash or Bitcoin for settlement, an option that aligns with its treasury strategy centered around Bitcoin accumulation.

Back’s involvement includes a SEK 150 million contribution in Tranche 6, priced at a 33% premium. 

The structure allows H100 to secure capital without resorting to rights issues or immediate equity dilution. 

“Unexpectedly, given the strong reception, Tranches 1-4 became in-the-money rapidly,” Back noted, adding he had anticipated a more gradual conversion timeline.

H100’s Bitcoin strategy officially began in May with a 4.39 Bitcoin purchase worth 5 million NOK, marking it as Sweden’s first publicly traded health-tech firm to adopt Bitcoin as a reserve asset.

Commenting on the broader implications, CEO Sander Andersen stated, “this addition to H100’s Bitcoin Treasury Strategy follows an increasing number of tech-oriented growth companies holding Bitcoin on their balance sheet.” 

He added that the values embraced by the Bitcoin community “will appeal to the customers and communities we are building the H100 platform for.”

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