Bitcoin Treasury Trend Grows as H100 Secures $2.2M in Strategic Crypto Push

H100 Group AB, a Swedish health technology firm, has secured $2.2 million (21 million Swedish krona) in a funding round to expand its Bitcoin holdings, with the Blockstream CEO, Adam Back, being the top donor.

The funding was announced on May 25, 2025, which is in line with the growing trend of companies adopting cryptocurrency, especially Bitcoin, as part of their treasury strategy.

Convertible Loans Drive H100’s Crypto Expansion

The company raised the capital through 0% interest convertible loans and will be used to facilitate additional purchases of approximately 20.18 Bitcoin. The purchase will bring the company’s total holdings to roughly 24.57 Bitcoin, following 4.39 Bitcoin acquired by H100 on May 22, 2025. 

Adam Back reportedly contributed $1.4 million of the $2.2 million, while the remaining $800,000 came from investors like Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners. 

The convertible loans, set to mature on June 15, 2028, can be converted into shares at 1.3 Swedish krona, valued at $0.11 US cents per share, which may dilute equity by 12% by issuing around 16.15 million new shares.

Following the press release published by H100, the company’s stock rose by 37% on May 22, followed by a 5.33% increase to 1.28 SEK the next day.

H100’s Health Tech Mission and Bitcoin Strategy

H100 Group AB, listed on the Nordic Growth Market (NGM) under the ticker H100, is a Stockholm-based company with the vision of building a digital health ecosystem. The company leverages AI-driven analytics, data models, and partnerships with healthcare providers to deliver scalable health solutions that will stand the test of time.

The company’s platform is integrated with existing healthcare providers, offering expert coaching, digital services, and AI-empowered insights to improve user health journeys.

With a reported loss of income of 1.50 million SEK in 2024 (-38.68% from 2.45 million in 2023) and increasing losses of -9.77 million SEK, H100 is diversifying its financial strategy by adopting Bitcoin as a treasury asset.

Adam Back’s involvement, known for his contribution to the early days of Bitcoin, has given the company high credibility and confidence in its dual approach on health tech innovation and financial diversification. 

The company’s leadership sees Bitcoin as a hedge against economic uncertainty, which is similar to Back’s view, which he made known in a recent interview.

The company’s decision to adopt Bitcoin as a treasury asset has put it on the list of a growing number of firms that have adopted the cryptocurrency as a treasury asset.

What H100’s Bitcoin Bet Means for the Market

H100’s investment in Bitcoin comes at a time when institutional demand for cryptocurrency as a treasury asset and store of value is increasing.

Following the funding, some analysts view the strategy as forward-thinking and could lead more health companies to adopt a similar strategy, while others express their concern due to Bitcoin’s volatility as a risk. The funding round’s structure, with convertible loans and defined terms, reduces immediate financial exposure while offering flexibility. 

As of May 26, 2025, H100’s stock price presently stands at 1.28 SEK, a 4.92% increase in the last 24 hours, 35.43% below its 52-week high of 1.99 SEK, according to Investing.

H100 Stock Price (Source: Investing)

H100’s ability to balance its health tech objectives with cryptocurrency investments will be critical. This funding round not only strengthens H100’s financial position but is also a testament to Bitcoin’s increasing role in corporate finance and its potential to shape market trends in 2025.