H100 Group AB Scores Big with $2.2M Funding to Boost Bitcoin Stash!

Stockholm's Health Tech Giant Bets Big on Crypto!

Hold onto your hats, folks! H100 Group AB, the Swedish health tech maestros, just locked down a whopping $2.2 million to juice up their Bitcoin reserves. And guess who's leading the charge? None other than Blockstream's CEO, Adam Back!

Word on the street is, on May 25, these Stockholm hotshots raked in a cool 21 million Swedish krona (that's $2.2 mil for the rest of us) through zero-interest convertible loans. And what are they gonna do with all that cash? You guessed it - buy more Bitcoin! H100 is all in on stacking sats as part of their master plan to hold the king of crypto on their balance sheet.

But wait, there's more! A bunch of savvy investment firms, including Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners, chipped in a combined $800,000. And the big dog in this fight? Adam Back himself, dropping a cool $1.4 million on the table. This British crypto wizard and Bitcoin evangelist ain't messing around!

These loans are set to mature on June 15, 2028, and get this - they can be flipped into equity at a sweet rate of 1.3 SEK (about 11 US cents) per share. Talk about a deal!

But H100 isn't playing around. If their share price keeps cruising 33% above the conversion rate for 60 trading days, they can force the conversion. Full conversion? We're talking about 16.15 million new shares hitting the market, diluting the pie by 12%. It's high stakes, but H100 is ready to roll the dice!

With this fresh cash, H100 is ready to snap up around 20.18 Bitcoin at today's prices, adding to the 4.39 Bitcoin they scooped up on May 22. That earlier buy, worth about $490,000, was H100's first dip into the Bitcoin pool, making them the first publicly listed company in Sweden to go all in on Bitcoin as a treasury asset. And one of the first in all of Europe, baby!

The market went wild when the news dropped, with H100 shares rocketing up 39% and pushing their market value over $14 million. Talk about a power move!

H100 isn't just playing the short game. They're in it for the long haul, saying this move is part of their big-picture Bitcoin treasury strategy. They're diversifying their reserves without losing focus on their health tech game.

And H100 isn't the only one feeling the Bitcoin love. More and more public healthcare companies are jumping on the Bitcoin bandwagon this month, making some serious moves.

Over in Singapore, Basel Medical Group just inked a deal to grab up to 10,000 BTC, worth about $1 billion, by issuing ordinary shares. That's some serious skin in the game!

In the good ol' US of A, KindlyMD, the integrated healthcare champs, got the green light from shareholders to merge with Nakamoto Holdings Inc., a Bitcoin-native holding company. It's a match made in crypto heaven!

And up in Canada, SRx Health Solutions is shaking things up by planning to diversify their financial assets with Bitcoin. They're not new to the crypto game, having already thrown $1.5 million into Solana tokens.

Get ready, because the crypto revolution is here, and healthcare is leading the charge!