The H100 AB group has announced that it has purchased another 47.33 bitcoins as part of its Bitcoin treasure strategy, bringing its total BTC participations to 247.54 BTC.
The acquisition, evaluated at 48,999,597 sek, was performed at an average price of Sek 1.035.126 for BTC. The latter move expands the position of H100 in Bitcoin as a reserve resource, strengthening the trust of the company in long -term bitcoin.
This purchase follows only two weeks after H100 received 144.8 BTC as part of the proceeds from the first four tranches of a convertible loan agreement. That influx had already pushed the company’s bitcoin balance to 169.2 BTC, before this new transaction.
The structure of the convertible loan is part of a largest 750 million Sek financing initiative guided by the Blockstream CEO Adam Back, giving H100 the possibility of receiving a regulation in cash or bitcoin. This flexibility completes the strategic attention of the company on the construction of a treasure called in Bitcoin.
Back participation includes an investment of 150 million sek in tranche 6, offered with a 33% prize on the market. The structure allows H100s on board the capital efficiently without the need for problems of traditional rights or immediate share dilution.
“Unexpectedly, given the strong welcome, tranches 1-4 have quickly become cash,” said Back. “I expected [H100] It would convert them over time when they reached Money status. “
The initiative of the H100 Bitcoin Treasury began in May, when it became the first health technology company on the stock exchange in Sweden to adopt Bitcoin as a reserve resource. The initial purchase of 4.39 BTC, evaluated for 5 million Noks, reported an important move to incorporate Bitcoin as long -term coverage and financial activity.
“This addition to the H100 Bitcoin treasure strategy follows an increasing number of growth companies oriented to technology that hold Bitcoin in their balance sheet,” said the CEO of the H100 Sander Andersen group. “And I believe that the values of individual sovereignty highly present in the Bitcoin community align well and appeal to customers and communities for which we are building the H100 platform.”