Bitcoin treasury (and health tech) holding company H100 Group AB has posted its 5-month interim earnings report, as per an official press release.
Over the reporting period, H100 Group has undertaken a slew of changes in order to position itself as a globally recognised BTC treasury firm—it has said before that it is the largest BTC holding company in the Nordic region—whilst also offering technology tools to help people live longer, a huge part of the company’s vision.
Some of these changes include securing funds via direct share issue and convertible loan guarantees; listing on the Frankfurt stock exchange; and initiating a transition to IFRS reporting standards.
By the end of the interim period on 30th September, H100 Group AB was hodling a total of 1,046 BTC.
The earnings disclosure shows that while H100 has increased its revenues to 5.1 million SEK (Swedish Kronas), up from 1.7 million SEK—primarily due to the addition of health tech division Healthy to 100 AS to its subsidiaries—it has registered a loss across most of its profit metrics.
Operating costs rose to a level of 17.4 million SEK, which was attributed to depreciation of goodwill connected to its reverse acquisition of Healthy to 100 AS and an increase in personnel costs on a y-o-y basis.
The company registered an operating loss of 12.3 million SEK and a final net loss of 38 million SEK.
At the time of writing, H100 Group AB shares were trading at $0.23 on OTC markets, according to Yahoo Finance.