H100 Group will increase Bitcoin Holdings with New Bitcoin Purchases

The acquisition, valued at SEK 48,999,597, was carried out at an average price of SEK 1,035,126 per BTC. This latest move expands its position as a reserve asset for the H100 at Bitcoin and strengthens the company’s trust in Bitcoin’s long-term.

The purchase follows just two weeks after the H100 received 144.8 BTC as part of revenue from the first four tranches of the convertible loan agreement. Prior to this new transaction, the influx had already pushed the company’s Bitcoin balance to 169.2 BTC.

The convertible loan structure is part of a SEK 750 million funding initiative led by the CEO of Blockstream Adam Back, which provides H100 with the ability to settle either in cash or in Bitcoin. This flexibility focuses on Bitcoin’s focus on building the Ministry of Religion and Treasury.

Back’s participation includes an investment of SEK 150 million in Tranche 6, which will be offered at a 33% premium to the market. This structure allows the H100 to efficiently load capital without the need for traditional rights issues or immediate dilution of equity.

“Unexpectedly, given the strong reception, Tranche 1-4 quickly became money,” Buck said. “(H100) expected them to convert over time when they reached their status in money.”

The H100 Bitcoin Treasury initiative began in May when it became Sweden’s first public health technology company and adopted Bitcoin as a reserve asset. The first 4.39 BTC purchase worth 5 million knocks shows a significant move to incorporate Bitcoin as a long-term hedge and financial asset.

“This addition to the H100 Bitcoin financial strategy is an increasing number of high-tech-oriented growth companies holding Bitcoin on their balance sheet,” said Sander Andersen, CEO of H100 Group. “And I think the value of individual sovereignty that is very present in the Bitcoin community is well suited and appealing to the customers and communities that are building the H100 platform.”