Lucía Peña
Sweden-based health technology innovator H100 Group has successfully raised over $54 million to power its expanding Bitcoin investment strategy. Known for its longevity-focused, AI-powered health solutions, H100 is now making bold moves into the crypto space as part of a broader financial resilience plan.
In a dual-phase fundraising effort, H100 issued 27.17 million new shares at SEK 6.38 apiece, bringing in substantial equity capital. Additionally, the company launched a convertible debenture offering worth SEK 342.3 million, with a conversion price of SEK 8.48. Together, the two tranches generated around SEK 516 million ($54 million) in new funding.
While the share issuance caused a 10.1% dilution for existing shareholders, full conversion of the debentures could result in an added dilution of approximately 14.3%. However, investors are eyeing the long-term upside, particularly with a planned Tranche 8 on the horizon — which will offer convertible bonds at a 33% premium over Tranche 7.
Backed by Crypto Giants and Strategic Vision
This fundraising follows a SEK 150 million (~$15.8 million) convertible loan guarantee secured in June from Blockstream CEO Adam Back, a well-known figure in the Bitcoin ecosystem. That agreement built on an earlier SEK 21 million (~$2.2 million) raise from May, featuring 0% interest convertible loans with support from Morten Klein and Crafoord Capital Partners.
With all rounds combined, H100 has secured nearly $96 million to date (SEK 921 million). The funds are being directly funneled into Bitcoin accumulation as part of H100’s treasury diversification strategy.
H100’s initial BTC purchase in May—worth $490,000 for 4.39 BTC—triggered a 40% surge in its share price, fueling greater interest in scaling its Bitcoin reserves. As of now, the firm holds 247.5 BTC, according to BitcoinTreasuries.net.
By integrating cryptocurrency into its corporate finance structure, H100 Group is not only reshaping its balance sheet but also making waves across both the tech and crypto sectors. This move places the firm among the growing list of public companies actively building Bitcoin-backed treasuries.
