Swedish health technology company H100 Group AB announced on Wednesday that it has raised 101 million Swedish kronor (about $10.60 million) to accelerate the company's bitcoin reserve strategy, sending shares up 45%. H100 closed at 4.64 kronor (about $0.49) on the Nordic growth market bourse, and the stock price has risen 280% since it announced its bitcoin strategy on May 22, according to MarketWatch data.
The $10.60 million round is almost five times the size of the $2.20 million round led by bitcoin crypto punk Adam Back on May 25.
Swedish H100 Group shares rose 45% in a single day on the announcement of raising $10 million for bitcoin reserves
2025-06-12 05:13:33
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