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Adam Back Leads $2.2M Raise for Swedish Health Firm’s Bitcoin Buys

  • On May 22, 2025, Adam Back, CEO of Blockstream, led a $2.2 million investment round in H100 Group AB, a health technology company based in Sweden.
  • The investment followed H100's announcement to expand its corporate treasury to include Bitcoin purchases amid rising industry adoption.
  • H100 secured the funds through 0% interest convertible loans, enabling Bitcoin purchases and potentially converting loans to equity based on share price.
  • Adam Back invested about $1.4 million personally, with $800,000 from firms including Morten Klein and Alundo Invest AS, while H100 bought 4.39 Bitcoin immediately.
  • This move makes H100 the first public Swedish firm adopting a Bitcoin treasury policy, aligning with increased corporate Bitcoin holdings and causing a 37% share price rise.
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Cointelegraph broke the news in on Monday, May 26, 2025.
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