H100 Group Raises $14.1 Million and Cross-Lists on Frankfurt Change To Assist Bitcoin Treasury Technique

Swedish well being know-how firm H100 Group AB has raised roughly $14.1 million (SEK 14.1 million) by means of a directed share providing geared toward increasing its Bitcoin treasury technique. 

The funding spherical included participation from certified traders similar to Evan Rosenberg, Loek Schellekens, and Sebastiaan Ribbink. 

It follows a separate $54 million enterprise capital increase accomplished earlier in July, which was among the many largest Bitcoin-related funding rounds that week.

H100 Group AB disclosed its first Bitcoin buy of 4.39 Bitcoin in Might. As of late July, the corporate stories holding over 510 Bitcoin, valued at greater than $44 million primarily based on present market costs. 

This locations H100 among the many 50 largest public firms by Bitcoin holdings.

Alongside the capital increase, H100 has cross-listed its shares on the Frankfurt Inventory Change beneath the ticker image GS9. 

This itemizing, denominated in euros and carried out with out issuing new shares, dietary supplements its current itemizing on Sweden’s NGM Nordic Development Market (ticker: H100). 

The cross-listing is meant to extend visibility and broaden the corporate’s investor base throughout Europe. H100 now trades alongside different corporations with Bitcoin treasury publicity, together with Bitcoin Group SE and BTC AB.

The corporate has said that its Bitcoin-focused technique is aligned with a broader development of company adoption of digital property as stability sheet holdings. 

Notable backers embrace Adam Again, CEO of Blockstream, whose involvement is predicted to help the corporate’s decision-making round Bitcoin accumulation and threat administration.

H100’s actions replicate ongoing developments in how firms throughout sectors are participating with Bitcoin and digital property.