H100 Group's Crypto Craze: Swedish Health Tech Firm Raises $54M to Boost Bitcoin Stash!

From Longevity to Ledger: H100's Bold Move into Bitcoin

H100 Group, the Swedish health tech mavericks focusing on longevity and AI-driven health services, just pulled off a financial heist of epic proportions! They've raked in a cool $54 million to fuel their insatiable appetite for Bitcoin. How? Through a slick combo of share issues and convertible debentures. Talk about playing the game!

They closed two massive funding rounds, snagging around SEK 516 million. Tranche 6 saw them issuing 27.17 million shares at SEK 6.38, while Tranche 7 brought in SEK 342.3 million with a conversion price of SEK 8.48. These guys aren't messing around!

Hold onto your hats, though, because this move diluted existing shareholders by about 10.1%. And if all those convertible debentures from Tranche 7 get converted, expect another 14.3% dilution. It's a high-stakes game, but H100 is all in!

But wait, there's more! Investors from these tranches get a golden ticket to participate in the upcoming Tranche 8. It's another convertible debenture issuance, with a conversion price jacked up 33% higher than Tranche 7. The thrill never stops with H100!

So, what's the plan with all this cash? It's all about their Bitcoin Treasury Strategy, baby! They're looking to preserve capital and beef up their balance sheet by going all-in on Bitcoin (BTC). It's a bold move, but hey, fortune favors the brave!

This latest cash grab follows hot on the heels of a June deal where H100 secured a SEK 150 million convertible loan guarantee from none other than Blockstream CEO Adam Back. That was to speed up their BTC hoarding. And before that, in May, they snagged SEK 21 million through 0% interest convertible loans, led by Back and joined by other big names like Morten Klein and Crafoord Capital Partners. All in, they've now secured a whopping SEK 921 million. That's about $96 million, folks!

H100's love affair with Bitcoin kicked off with a $490,000 purchase of 4.39 BTC back in May. That sent their shares skyrocketing nearly 40%! It was like a shot of adrenaline, and they've been riding that high ever since, doubling down on their crypto treasury strategy. Right now, they're sitting pretty with 247.5 BTC on their balance sheet, according to BitcoinTreasuries. The future's looking bright, and it's all green for H100!