H100 Group AB announced As part of its Bitcoin Treasury Strategy, it acquired another 117.93 Bitcoin. This purchase was funded in part by the proceeds from convertible loan agreements.
The average price per BTC was SEK 1.120.973, and the total deal was SEK 132.3 Million. H100 holds 628.22 BTC. The company has now increased its commitment to Bitcoin, a strategic asset in the balance sheet.
“This addition to H100’s Bitcoin Treasury Strategy follows an increasing number of tech-oriented growth companies holding Bitcoin on their balance sheet,” Sander Andersen is the CEO of H100 Group. “And I believe the values of individual sovereignty highly present in the Bitcoin community aligns well with, and will appeal to, the customers and communities we are building the H100 platform for.”
H100 Group was also announced as a new company. approved The Frankfurt Stock Exchange’s Open Market is the segment for trading. Today, the company shares began trading under ticker symbol “GS9”. The company will list in euro (EUR), but no new shares will be issued.
Adam Back, the founder of Blockstream and a pioneer within the Bitcoin world, also supports H100 as they adopt Bitcoin. Adam’s vision of Bitcoin being a form of digital gold is in line with H100s choice to incorporate it into their Treasury strategy. Adam has invested H100 Group has received a total amount of SEK 492.3 millions in multiple tranches. This move supports H100’s Bitcoin Treasury strategy, and highlights the rising interest among institutions.
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Source: bitcoinmagazine.com
