H100 Group, based in Sweden, a health and longevity company that quotes on the stock market that recently adopted a bitcoin
Strategy, he said that he has raised $ 10.5 million (SEK 101 million) of a group of investors focused on cryptocurrencies, including Blockstream CEO, Adam Back, Utxo Management and several family offices.
According to a press release from Wednesday, fund collection was divided between SEK 69.65 million into two shares and SEK 31.35 million in convertible loans.
The problems of sharing saw participation of a mixture of cryptographic investors and Nordic family offices. Convertible loans have no interest or mature in five years. Investors can turn loans into capital into SEK 1.75 per share.
H100 shares advanced another 30% in Wednesday’s session, and now they have earned almost 400% since the first purchase of the company’s BTC on May 22.
This was the first section of a broader financing plan announced for the first time before and could grow more in future rounds, the company said. The declared objective of H100 is to use the capital to reinforce its BTC Treasury strategy.
H100 Group, directed by the CEO Sander Andersen, is part of a growing trend of public companies that collect funds through emissions of shares and debts to buy cryptocurrencies from their balances, a book of plays popularized by the strategy of Michael Saylor (Mstr).
