Swedish health tech company H100 Group AB saw its shares skyrocket as much as 37% on May 22 after it announced its inaugural Bitcoin acquisition. At the same time, Chinese electric vehicle firm Jiuzi Holdings also unveiled a bold plan to accumulate 1,000 BTC over the coming year.
H100 disclosed that it purchased 4.39 Bitcoin for approximately 5 million Norwegian krone (around $490,830), paying an average of $111,785 per coin. Following the announcement, H100’s stock closed at 1.22 Swedish krona ($0.13) on the Nordic Growth Market—marking a sharp recovery after a two-month slump during which the share price had plunged over 46%, according to Bloomberg data.
CEO Sander Andersen cited the ideological alignment between Bitcoin’s emphasis on individual sovereignty and H100’s mission to empower people to break away from conventional, reactive healthcare models.
H100’s product line targets health-conscious individuals seeking proactive tools, and the firm’s pivot into digital assets reflects a growing corporate trend of embracing Bitcoin as a strategic reserve.
Jiuzi holdings to accumulate 1,000 BTC amid strategic shift
Meanwhile, on the same day, Nasdaq-listed Jiuzi Holdings (JZXN) announced its board had greenlit a plan to acquire 1,000 Bitcoin over the next year. The Chinese EV retailer intends to fund the purchases through a combination of stock issuances and cash reserves.
CEO Tao Li acknowledged Bitcoin’s notorious volatility but said the move is aimed at enhancing the company’s asset structure, risk management capabilities, and overall profitability.
Jiuzi’s stock rose 7.3% to $3.09 on May 22, according to Google Finance modest compared to other firms that have recently disclosed Bitcoin buys, but still a positive market response.
The adoption of Bitcoin as a treasury asset has surged globally, with 109 publicly traded companies now reporting holdings of the cryptocurrency on their balance sheets, based on data from BitcoinTreasuries.NET.
