Swedish health tech firm H100 has accumulated more than 1000 BTC in its crypto investments as part of its BTC treasury strategy, as per an official press release. On Wednesday, the company purchased 47.16 BTC at an average purchase price of 1,058,103 SEK per BTC.
“Reaching 1,000 BTC is a major milestone for us, but it only marks the beginning of the path we are on. We have onboarded great long-term investors through our private placement strategy and built a team motivated to take this to the next level. The pace at which we crossed this milestone in just 104 days shows both the strength of our structure and the conviction behind our strategy,” said H100’s CEO Sander Andersen.
“We are thankful to everyone who has contributed to this success. With the right framework in place, we are well-positioned to continue scaling our Bitcoin Treasury in a disciplined way. Our mission remains clear: To increase Bitcoin per share and create lasting value by combining the strength of Bitcoin with a long-term vision for health and longevity,” of H100 Group AB,” He also said.
Source: TradingView.com
At the time of writing, H100 shares were trading at 5.88 SEK.
Source: Coinmarketcap.com
At the time of writing, BTC shares were priced at $111,420, up by 1.7%.
Although H100’s accumulation has occurred over a relatively short period of time, one of Sweden’s largest buyers of Bitcoin still remains behind companies such as Strategy and Metaplanet.