H100 Group has raised $11 million in new capital through a directed share offering, continuing its Bitcoin Treasury Strategy, an initiative that incorporates Bitcoin as a reserve asset.

With this latest round, the company has raised a total of SEK 1.095 billion (approximately $114 million) under the strategy since its launch. 

The newly raised funds will be used to pursue investment opportunities within the framework of the Bitcoin Treasury Strategy, including research and development in healthcare technology. 

According to H100, these investments are intended to support innovation in patient care and operational scalability.

The offering involved the issuance of up to 13,963,044 new shares at a subscription price of SEK 7.82 per share, matching the closing price of the company’s stock on Nordic SME the day before the announcement. 

The price was determined through arm’s-length negotiations with participating investors, including institutional and individual backers such as Peak Hodl Ltd., Crafoord Capital Partners AB, and others.

The company’s board opted for a directed share issue over a traditional rights issue, citing reasons such as execution speed, lower costs, and the ability to act on time-sensitive investment opportunities. 

The board also noted that this approach helps diversify and strengthen the shareholder base while minimizing market exposure during capital raising.

H100’s strategy involves allocating a portion of treasury reserves into Bitcoin, citing its fixed supply and independence from traditional financial systems as potential hedges against currency debasement. 

Blockstream CEO Adam Back, a long-standing advocate of Bitcoin in corporate finance, has publicly expressed support for H100’s approach and participated as an investor in the company’s fundraising efforts.

The company acknowledges that its strategy carries risks, including Bitcoin’s price volatility, regulatory uncertainty, and cybersecurity considerations. 

To address these, H100 has emphasized the importance of maintaining strong internal risk controls, aligning with broader trends in digital asset governance.

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