Adam Back Invests $1.5 Million in Swedish Bitcoin Reserve Company

Source
Son Min

Summary

  • Adam Back, CEO of Blockstream, announced a $1.5 million investment in the Swedish Bitcoin reserve company H100 Group.
  • Through this investment, H100 Group successfully completed a $2.2 million convertible bond round, increasing the likelihood of additional Bitcoin purchases.
  • The CEO of H100 Group stated that Bitcoin is an asset that aligns with the philosophy of the AI-based digital health ecosystem.

Adam Back, CEO of Blockstream, has invested approximately $1.5 million in the Swedish health company 'H100 Group'. 'H100 Group' is Sweden's first Bitcoin (BTC) reserve company.

According to Coinpedia on the 26th (local time), CEO Adam Back invested $1.5 million in H100 Group, which has adopted a Bitcoin reserve strategy. As a result, H100 Group successfully completed a $2.2 million convertible bond round, increasing the likelihood of additional Bitcoin purchases.

Sander Andersen, CEO of H100 Group, said, "Bitcoin is not just a hedge. It is an asset that aligns with the philosophy of autonomy, decentralization, and transparency that drives the AI-based digital health ecosystem."

Meanwhile, on the 22nd (local time), H100 Group purchased 4.39 BTC.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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