Key Takeaways
- H100 Group AB bought 4.39 Bitcoin for $490,830, triggering a 37% share value soar.
- Chinese language EV agency Jiuzi Holdings plans to purchase 1,000 Bitcoin over the subsequent 12 months.
- BitcoinTreasuries.NET stories that 109 public corporations now maintain Bitcoin on their steadiness sheets.
Shares of Swedish well being tech firm H100 Group AB rose 37% on Could 22 following the agency’s announcement that it had bought Bitcoin as a part of a brand new treasury technique.
The corporate purchased 4.39 BTC for five million Norwegian krone (round $490,830) at a median value of $111,785 per coin.
The inventory closed at 1.22 Swedish krona ($0.13) on the Nordic Progress Market, recovering a good portion of the losses it suffered earlier this 12 months.
H100 shares had fallen over 46% within the prior two months.
CEO Sander Andersen framed the transfer as a part of a broader alignment with the values of Bitcoin, emphasizing private sovereignty and proactive well being.
He stated:
The values of particular person sovereignty extremely current within the Bitcoin group aligns nicely with… the purchasers and communities we’re constructing the H100 platform for.
Andersen referred to the acquisition as “Part 1,” suggesting further Bitcoin acquisitions could observe.
Jiuzi Holdings’ Bitcoin acquisition plan
Individually, Chinese language electrical automobile retailer Jiuzi Holdings (Nasdaq: JZXN) introduced that its board had permitted a plan to amass 1,000 Bitcoin over the subsequent 12 months.
The purchases will probably be funded by inventory issuance and money.
Jiuzi CEO Tao Li acknowledged the asset’s volatility however stated the transfer goals to boost the agency’s asset construction and long-term profitability.
JZXN shares rose 7.3% to $3.09 following the information.