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Swedish healthcare company H100 Group has secured a $2.1 million convertible loan from Adam Back, CEO of Blockstream, with the potential to access an additional $12.8 million in funding. The proceeds from this financing are designated for acquiring more Bitcoin, signaling a strategic move to expand its Bitcoin treasury holdings. This development follows a broader trend of publicly traded companies adopting Bitcoin treasury strategies, including NBX, which surged 138% after its announcement, Swedish firm GreenMerc, and Canadian construction engineering company SolarBank. Over 200 companies are reportedly stacking Bitcoin as part of their treasury management, reflecting growing institutional adoption of the cryptocurrency globally.
SWEDEN’S H100 GROUP SECURES $2.1M FROM ADAM BACK TO BUY MORE BITCOIN Swedish healthcare firm H100 Group has received a $2.1 million convertible loan from Blockstream CEO Adam Back, with the potential to unlock an additional $12.8 million. Proceeds are earmarked for Bitcoin https://t.co/ZJJTrW69Dc
NEW: 🇸🇪 Swedish healthcare firm H100 Group secures a $2.1 million convertible loan from Adam Back with potential for an additional $12.8 million, proceeds to be used to acquire more $BTC. https://t.co/B7qRNeKiNl
JUST IN: SWEDISH HEALTHCARE FIRM H100 GROUP SECURES $2.1 MILLION CONVERTIBLE LOAN FROM ADAM BACK, WITH POTENTIAL FOR AN ADDITIONAL $12.8 MILLION, PROCEEDS TO BE USED TO ACQUIRE MORE BITCOIN. Source: @Cointelegraph https://t.co/KQRhn76TQu https://t.co/X5FrZAdUIz