Nordic growth company H100 Group AB has raised approximately a total of SEK 109.19 million through a directed share issue as per an X post on Monday from the official company account.
“H100 Group AB completes directed share issue, raising ~SEK 109.19 million. Price: Friday close at SEK 7.82/share. Since launching our Bitcoin Treasury Strategy, we’ve now raised a total of SEK 1.095 billion (~$114 million) in gross proceeds,” read the company’s official X post.
H100’s latest purchase was 117.93 BTC
This update follows an additional 117.93 BTC purchase made by the firm, which increased total BTC holdings to 628.22 BTC. The health tech firm’s recent buy marks an addition to a growing list of companies that have decided to adopt a Bitcoin treasury strategy.
As per their official X handle, it is the first Swedish company to create a Bitcoin treasury strategy. It is a health tech company that has a goal of helping people live beyond the age of 100. After its recent listing on the Frankfurt Stock Exchange, it is now listed on two exchanges: the Frankfurt Stock Exchange and the Nordic Growth Market (NGM).
Source: TradingView.com
At the time of reporting, shares were trading at SEK 8.06, up by 3.07%.