Swedish healthtech company H100 announces 'Bitcoin accumulation', stock price soars 45%
Summary
- Swedish healthtech company H100 announced that it raised 10.1 million Swedish kronor for Bitcoin accumulation.
- After announcing its Bitcoin accumulation strategy, H100's stock price soared by 45% in a single day, and has risen 280% since May 22.
- Major institutional investors, including Bitcoin cryptographer Adam Back and investment firms, participated in this funding round.
Swedish health tech company H100 announced that it raised 10.1 million Swedish kronor (USD 10.6 million) to accumulate Bitcoin (BTC), resulting in its stock price surging by 45% in a single day.
According to Cointelegraph on the 12th (local time), H100’s stock price has soared by 280% since the announcement of its Bitcoin accumulation strategy on May 22.
This round of fundraising consisted of two tranches: a new share issuance of 69.65 million kronor (USD 7.31 million) and convertible bonds worth 31.35 million kronor (approximately USD 3.29 million). Participants in the new share issuance included Bitcoin cryptographer Adam Back, Bitcoin investment firm UTXO, Race Ventures, Kraford Capital Partners, and several other institutional investors.
H100 plans to use the proceeds to newly acquire 67.1 Bitcoins, which will bring its total holdings to 81.85 BTC, adding to its existing 13.95 BTC.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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