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Blockstream invests 2.2 million USD to help Swedish company H100 buy Bitcoin

TapChiBitcoin
BTC4,56%

Adam Back, CEO of Blockstream, led a funding round of 21 million Swedish krona (2,2 million USD) for the healthcare technology company H100 Group AB, supporting the plan to transition to holding Bitcoin. H100 will use this capital to purchase an additional approximately 20.18 BTC, bringing the total holdings to 24.57 BTC. The interest-free convertible loan will mature in June 2028. H100’s shares have increased by 37% following the announcement of the Bitcoin purchase on May 22. This is the first publicly traded company in Sweden to adopt a treasury policy using Bitcoin.

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